Adding rooftop solar to your home is an investment in both the future of your energy use and even in your property value. It’s great for the environment—totally 100% renewable energy that you own and can access anytime you need. It’s affordable, and can even save you money from the first day you flip that solar switch. But every solar energy system installation is different, so you may be wondering: is solar right for me?
Here are the key factors that can help you decide if going solar with a rooftop solar energy system is right for you.
The right solar, at the right price
To see if going solar makes sense for you financially, a good place to start is taking a look at your current electricity bill. See the rate you pay today for your traditional energy and what you pay monthly on average. That way, when your financing options begin to crystallize, you can compare these items to your potential monthly payment with your solar energy system financing terms. It might surprise you that oftentimes, your solar energy system will cost you less each month than you’re paying in energy now. That means you’re saving from the first month all the way until you pay it off.
Paying off your solar energy system usually takes about seven to 10 years—BUT the typical system has a lifetime expectancy of 25 years. That means you’ll be eliminating your monthly energy bill completely when your system is paid in full. If $0/month sounds good to you, solar might be your best bet to future-proof your home’s energy.
The right incentives
There are federal government incentives in the United States for adopting clean energy systems, both for residential and business.
ITC Tax Credit
The solar investment tax credit (ITC) is for those who own their solar energy system (not available to anyone leasing or renting solar panels) and offers a 26% tax credit — for the next year.
The ITC rate declines over time, but today it could save you up to $9,000 on your solar energy system.
The right partner
Whether solar is right for you also depends on finding the right partner. While the system itself is made of a few key components, like solar panels, your inverter, solar batteries and conduits, the variables of your home and rooftop make the installation itself a key component.
Your home value goes up with solar
More and more, buyers are looking for homes with renewable and sustainable features, and having solar installed already is a big bonus. You will be able to command a higher price for your home with the solar panels already installed. Buyers know the price of energy is only going up and will cost that into their expenses when buying a new home.
Get Your Quote
Don’t miss out on the best tax incentives yet for going solar, and boost your property values, all while lowering your electric bill with renewable, reliable solar energy. Submit your info below and you’ll be walking on sunshine in no time.
