When it comes to the state of residential solar power in 2019, there’s some good news and some bad news. The good news is that the startup costs have dropped by about 70 percent over the last ten years thanks to various government incentives and economies of scale. That means going solar has never been more affordable. And that, in theory, is great news for anybody who wants to reduce their carbon footprint and their monthly energy bill. The bad news? Figuring out the answer to the question, "Is solar power worth it?" depends on a number of complicated factors, which makes the solar marketplace difficult for the average consumer to navigate. But luckily, thanks to UnderstandSolar, figuring out if solar is right for you is as simple as filling out an online form.
Is Solar Power Worth It?
UnderstandSolar is a third-party solar power advocate. What that means is that they do not sell or install solar energy systems. Instead, their job is to help the solar industry expand by educating consumers and making it easier for them to make the switch to solar energy.
If you’re totally new to solar energy, UnderstandSolar will teach you everything you need to know, 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 available, as well as any government tax incentives, including the Federal solar tax credit.
Once you’re ready to take the next step, UnderstandSolar gives you a free personalized solar energy assessment. All you have to do is fill out their simple online form and provide a few details about your home. Once you’ve submitted the form, a solar energy expert will contact you via phone and go over your assessment and answer any questions you may have. But absolutely no commitment is required. In fact, it may turn out that solar energy isn’t right for you at all, in which case your UnderstandSolar representative will explain why. However, you might discover that you actually stand to lose money in the long run if you don’t go solar.
UnderstandSolar Will Answer Your Questions
The value of any solar energy investment depends on the geographic location and topographical features of your property, not to mention its architectural features and any local ordinances and regulations. However, in most cases, solar energy systems add about 4.1% to the value of the average home, with higher rates occurring in major urban areas. One study found that buyers are generally willing to pay $15,000 more for a home with solar energy. And another study concluded that, assuming your house gets enough light, you gain about $5,911 in value for each kilowatt of solar installed.
In short, when you factor in projected long term electricity rate hikes over the course of 20 years, an investment in solar energy can easily outperform traditional investments in the stock market. But again, everything depends on a number of different factors.
Sound complicated? Well, it is. But UnderstandSolar can make it simple. Your UnderstandSolar representative will crunch all the numbers you didn’t even know existed and lay out all your options. Then, if you wish to proceed, they’ll help arrange in-home estimates with experienced installers in your area.
Still asking yourself, "Is solar power worth it?" Then don’t wait until federal solar tax credit expires in 2022 to find out. Get your free solar energy report from UnderstandSolar, today.
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.