Installing solar panels requires a significant investment , so homeowners need to ensure that the system will benefit their home Although federal and state solar subsidies can help lower costs, don't invest in solar unless doing so will reduce your energy use in the long run . Consider the following before switching to solar power.
More sun supplements
An efficient solar power system can produce more energy than your home needs. Several states offer net metering programs that allow homeowners to convert this excess energy into credits and sell them to the electric grid . You can use this credit towards your future energy bills or, in some cases, opt for an annual payment. If your state or local utility does not offer net metering, consider installing solar panels
Solar batteries allow you to store extra energy for cloudy, dark days or nights. Solar batteries can provide energy savings during peak power periods and increase your long-term savings.
Additional upgrades, such as electric vehicle (EV) charging or solar power generation, also increase your savings.
Home and surroundings
Solar panels work best in open spaces with plenty of sunlight. Consider your local climate before investing in solar panels. If the weather is often cloudy or harsh, your savings may be lower. You may need to invest in tree trimming services in preparation for installing solar panels . Also consider your home 's orientation and available roof space
Energy consumption
Since clean energy costs less than fossil fuels, switching to solar power can help lower utility bills . But if your current electricity rate is reasonable, the savings won't be dramatic. We recommend that you review your monthly electricity bill and calculate your average annual cost . If your current consumption is low, solar panels may not be the right choice. Most major solar companies begin the pricing process by evaluating your monthly energy costs and determining whether solar panels offer substantial savings.
Solar Incentives and Credits
Homeowners should consider solar incentives to reduce the cost of their solar investment . These loans and rebates are available at the state and federal level. The federal government offers a state tax credit of up to 30% of your shipping costs , and some states offer a state tax credit for shipping, both of which apply to your tax liability. Additional savings include property and local sales tax credits, city-specific incentives and rebates from city or local utilities. For more information about incentives in your area , see Renewable Energy and State Efficiency Incentives (DSIRE) .
Types of Solar Panels
Choosing an efficient solar panel like monocrystalline offers the best benefits. You will see an increase in energy production and a decrease in energy consumption. If you need enough roof space or less energy, you can choose a less expensive solution , such as polycrystalline modules . Thin film modules should be reserved for small family projects that require less power.
