Are your high energy bills giving you sleepless nights? Consider getting a solar panel installed. A solar panel comprises several photovoltaic cells that convert sunlight into electricity. No greenhouse gases are produced during the process. Solar energy is a sustainable alternative to energy produced by burning fossil fuels. Additionally, it is available free of cost. Your solar panel can save you hundreds (even thousands) of dollars on energy costs. The demand for solar panels has drastically increased over the last few years. Before making the final call regarding solar installation, evaluate your situation. Here are some points you should consider to determine if going solar is a viable option for you.
Evaluate Your Sunlight Exposure
You do not need an expert to tell you that more sunlight means more energy produced and a greater potential to save with a solar panel. Some factors that will affect your solar system’s output are the amount of shade, your home’s roof type, and your home’s orientation toward the sun. A residential roofing expert in Santa Rosa can help you develop a better understanding of these factors.
Calculate Residential Solar Panel Cost
Thanks to technological improvements, the cost of solar panels has drastically dipped over the past few years. They are, however, still expensive. An average 5kW size system costs between $15,000 and $25,000, before tax credits and incentives. You will, however, reap cost benefits in the long run. Solar panels usually last for 20 years. Most systems are low maintenance. Additionally, you get energy free of cost. When choosing a solar panel, consider your energy consumption and look for a system that can meet your requirements.
When calculating your residential solar panel cost, keep an eye on changes in trade policies that can impact your cost of ownership. One such change was announced in 2018 when the Trump administration announced that it has decided to impose a 30 percent tax on imported solar cells and panels. The tariff will drop 5 percent every year through 2021. This tariff could increase your installation cost by $500-$1,000.
Remember to Look for Incentives
Both the federal government and state governments offer incentives for installing solar panels. You must look up credits available in your state. Some states with a high solar ranking allow their citizens to claim extra incentives such as property tax exemptions, waived fees, and cashback. These and other incentives, however, may not last. As solar becomes more affordable, governments and utility companies are planning to withdraw many incentives and benefits.
Getting a solar panel installed is a major decision. Before you take the giant leap, remember to consult our experts at ARS Roofing. We are a renowned residential roofing expert in Santa Rosa. Our knowledgeable technicians take the guesswork out of installing a solar panel. To discuss your requirement, call us at (707) 584-5900.