If you are interested in the possibility of installing solar panels on your home, then there are several questions you should ask yourself before making a decision. Solar panels are not for everyone, they are not an item that you can have installed and simply forget about, they require maintenance and effort in order to garner the full output from them. While they are remarkable good for the environment, you wish to help the environment must be tempered by the expectations that they make at least some financial sense for you. This article is meant to provide you with some questions that you should evaluate to decide whether solar panels are right for you.
When you install solar panels on your home, there are significant up front costs that you must consider. Though these costs are often alleviated by tax rebates and incentives, typically these programs do not provide you with the discount or cash up front, you must first cover all the initial costs of purchase and installation and then be reimbursed at a later date or at the end of the fiscal year. Initial cost outlays for solar panels could be upward of twenty thousand dollars. Though you may receive a large portion of that back, you must be able to function for at least some period of time without that money in your bank account.
Once you come to terms with the significant up front costs, you should evaluate your expectations of savings. Although it is true that you can sell excess power to your local utility company, in most cases, the amount of solar panels installed will not produce more than your average monthly capacity. Because of the way these systems are designed, you should expect, at most, to save the entirety of your electric usage bill, minus the fee that the utility company charges you to be hooked into the system. Given your monthly usage bill, do you feel that this investment makes sense? Do you think that your expectations of savings are realistic?
Once you have evaluated these concerns, you should investigate your local ordinances to make sure that solar panels are allowed in your neighborhood. The truth is that solar panels are not the most attractive installation, and some home owners associations have banded together to ban these installations.
In some areas, solar panels are not allowed on the roof; therefore, you must consider whether or not you have enough room on your land to make the installation. In addition, you should consider whether or not the space you can dedicate to solar panels will receive sufficient direct sun light to use your panels to their full capacity.
Hopefully this article has provided you with some useful information on questions to consider before installing solar panels. Make no mistake that this investment will pay off in the long run, but it requires significant investment and patience. Good luck in your quest to make your home a more environmentally friendly one.