With rising energy costs and concerns about global climate change, many homeowners are considering renewable energy options. Under the current circumstances, including the economy and technology, you might be asking: should you install home solar panels?
Residential solar panels are more affordable than ever. Federal, state and local incentives are still available to help you trim even more off your energy budget and investment.
Before you consider residential solar panels, you should determine whether solar is right for your home/family. The following factors come into play:
- Solar panel cost
- Solar incentives available
- Overall energy usage – the less you use, the fewer solar panels you will need
- Whether your appliances are energy-efficient (requiring less electricity to power)
- Is your property and your home situated for solar panels? You will need a south-facing section of your rooftop for maximum solar exposure
Purchasing home solar panels will still set you back $15-30,000 or more. If you don’t want to pay upfront, you can still go solar. Consider a solar panel lease, which will allow you the ability to save on your energy bills and reduce your carbon footprint.
The answer to the question, should you install home solar panels, is an individual one. Each family and homeowner has unique circumstances that affect whether solar energy is a good alternative to grid-based electricity.