You’re tired of paying the energy company for your electricity. Or maybe you’ve decided that you’ve wanted to do your share to reduced your carbon footprint. Solar panels are a way to harness the sun’s energy and create your own electricity. But is it a good time to switch to solar panels?
Solar Panels are Cheaper Now
Although still expensive, solar panels are cheaper than ever, according to Energy Sage. After rebates and tax credits, the average 6 Kilowatt home set up will cost around $16,000. While that price may seem a bit steep, consider what you spend on energy currently and what you’ll probably spend in the future. Energy prices are likely to rise over time, so you can see significant savings if you plan on solar power now.
As Solar Panels Become Popular, Incentives will Decrease
Right now, you can take advantage of various tax incentives and rebates, which will reduce the overall cost. As solar becomes more popular, the incentives will decrease, and you will be less likely to be able to take advantage of those incentives and tax breaks. While solar has become cheaper in recent years, there’s no guarantee that the prices will continue to drop. At some point, new innovative panels will take the place of the older ones and have a similar or higher price tag – without incentives.
Energy is Likely to Rise
Don’t think that because your electricity and heating bills are a certain amount that they will stay that amount in the future. Regulations and taxes on carbon based fuels are likely to increase, and the price for creating more eco-friendly energy is likely to be high due to building or retrofiting power plants. By producing your own energy, you avoid the headache of high energy bills. In some instances, if you are producing more than you can use, you can actually sell back energy to the grid. That puts money in your pocket, not theirs.
Roof Mounted or Ground Mounted Solar Panels?
You will have to decide on roof mounted or ground mounted solar panels. The issue with roof mounted panels are whether or not your roof can support the weight of them. In some cases it may be better to look into ground mounted solar panel systems Loomis CA. The downside to ground panel systems is that they need enough room for the panels and in the right orientation. On the plus side, if you use a lot of electricity, you can have enough panels to furnish it. Your roof may not have enough space for that many panels. Also, the panels are easier to service. You don’t have to worry about screwing panels into the roof to mount them.
Photovac or Thermal?
There are two types of solar panels: photovac and thermal. The photovac generates electricity. The thermal heats water or air to keep your home warm and your water hot. Both are good systems, but the photovac systems are usually the most popular.
There are Affordable Financing Options for Solar Panels
If you can’t afford to purchase a solar panel system, you be glad to know that there are many financing options available for solar panels. One will likely fit your needs.