Are Home Solar Panels Worth It for You? This Free Service Has Answers.
Understand Solar provides free cost–benefit calculations for your specific address.
In the past, if you wanted to install solar panels on your home, you ultimately had to choose between doing what was best for the planet or doing what was best for your finances. Luckily, that is not always the case anymore. Today it’s actually possible to reduce your carbon footprint and save money. However, going solar isn’t always right for everybody, and figuring it out can be extremely complicated. So if you want to find out if home solar panels are right for you, the very first thing you need to do is get a free estimate and consultation from the experts at Understand Solar.
Thanks to improved technology, lower equipment costs, solar-friendly regulations, government tax incentives, and a greater variety of financing options, the cost of installing solar energy systems has dropped about 70 percent over the last decade. As a result, solar employment has more than doubled during this same period, pumping an estimated $17 billion into the American economy. And with states like California now mandating that all new homes be equipped with home solar panels, the industry as a whole continues to experience an average annual growth rate of 50 percent.
However, when it comes to understanding the potential value of an investment in solar energy, lower installation costs are just the beginning.
In recent years we’ve started to get a much clearer picture of the value solar energy systems can add to a home. Though it all depends on where you live and how much sunlight your property gets, generally speaking, homes with solar energy systems sell faster and for higher prices than homes without. One recent study found that solar energy systems add about 4.1%-percent to the value of the average home, with higher rates occurring in major urban areas. Another study found that buyers are typically willing to pay $15,000 more for a home with solar energy. And yet another study concluded that, assuming your house gets enough light, you gain about $5,911 in value for each kilowatt of solar installed.
When you factor in projected long term electricity rates and all the money you’ll save on traditional energy, plus the value a solar energy system can add to your home, home solar panels can sometimes pay for themselves in as little as ten years. And depending on where you live, it’s possible that an investment in solar energy could outperform traditional investment portfolios over the course of 15 to 20 years.
That being said, going solar isn’t right for everybody. Your potential return on investment depends on a number of complicated factors, including the architectural features and geographical location of your home, the prevalence of solar contractors and suppliers in your area, and the complex web of laws, regulations, and tax incentives in your particular state and municipality.
Sounds intimidating, right? Well, that’s where Understand Solar comes in.
Understand Solar is a third-party solar power advocate that provides free personalized solar energy assessments. All you have to do is fill out their simple online form and provide a few details about your home. After that, a solar energy expert will contact you via phone, go over your assessment, and answer any questions you may have.
Understand Solar can teach you everything you need to know about going solar, from how solar energy systems work, how they connect to the public grid, how much solar panels cost, and how long solar panels last. They’ll also give you an overview of all the financing and leasing options, as well as any government tax incentives available where you live.
You may learn that, for one reason or another, solar energy is not right for you. If that is the case, your Understand Solar representative will explain why. However, you might discover solar panels make so much sense, you would almost be losing money by not installing them. If that’s the case, your Understand Solar representative will crunch all the numbers and lay out all your options. Then, if you wish to proceed, they’ll even help you arrange in-home estimates with experienced installers in your area.
If you’re ready to find out if solar energy is right for you, take Understand Solar’s assessment, today. It’s 100-percent free and no commitment is required. But it just might save you a lot of money.
Futurism fans: To create this content, a non-editorial team worked with an affiliate partner. We may collect a small commission on items purchased through this page. This post does not necessarily reflect the views or the endorsement of the Futurism.com editorial staff.
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