Red Sea Explorer blog Are Solar Panels Worth It?

Are Solar Panels Worth It?

are solar panels worth it

Solar panels are expensive, but they’re also a long-term investment. They can dramatically reduce energy costs by reducing your dependence on the grid. Plus, they have been shown to boost home values. However, this bump in value only applies to homes that own their solar system outright, not those that sign a solar lease or power purchase agreement (PPA). If you’re thinking of installing solar panels, it’s important to do your homework and choose a reputable installer that will provide honest estimates and tell the truth about incentives. Read more

One of the most important considerations is evaluating your average electricity usage. You can find this number by looking at your past electricity bills, which will include a chart of your usage by month or year. Once you know your typical electricity use, you can then determine how big of a solar panel system you need to meet your energy needs.

Solar Panels in Ireland: How Much Will You Invest in a Greener Future

Solar panels work best in areas that get plenty of sunlight, and they’re most effective at generating electricity during the day. They’ll still produce a good amount of energy on cloudy days and at nighttime, but not nearly as much.

Many states offer solar energy incentives, including cash back, property tax exemption, waived fees and expedited permits. Be sure to review the Database of State Incentives for Renewables & Efficiency (DSIRE) to see what is available in your area. And, if your state offers energy buy-back programs or net metering policies, you can further lower your energy bill by selling excess energy back to your utility company.

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