Explore the benefits and considerations of switching to solar energy for your home. Learn about the financial and environmental impacts, as well as the process of installing solar panels. Discover whether solar power is a feasible and cost-effective option for you.
By the numbers, if you want to switch to solar,
$10K-$30K Average savings over lifetime of solar panel system
$15K-$30K Average cost to install a home solar panel system
30% Federal tax credit for installing solar
Before making a decision, answer these 3 questions:
1. Is solar right for my home?
Determine if your home will actually benefit from solar (not all do). Solar installers can survey your home to see if it’s a good fit.
2. What system do I want?
Compare solar quotes on platforms like EnergySage.com and Sunrun.com.
3. Rent or purchase?
You can pay upfront or with credit. Renting may seem less expensive, but you could see rate increases annually. Plus, if you sell your house, you’ll have to transfer that agreement to the new owner.
Finally, switching to solar energy can offer both financial and environmental benefits for your home. It is important to consider the costs and process of installation, as well as any incentives or tax credits that may be available. By weighing the pros and cons, you can determine whether switching to solar power is a feasible and cost-effective option for your home.
Sources: EnergySage, USAToday