Are Solar Panels worth the Cost?

Solar Panels can be a large investment, and there is often mixed opinions as to whether they are worth the high costs. There are several factors that you must consider when deciding whether solar panels are the right fit for you and your property.

Solar Panels are the leading form of domestic renewable energy as more homes choose carbon free green power. Germany is leading the world with its commitment to solar panels, and a lot of people may be surprised to learn that photovoltaic cells work even when the weather is cloudy.

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How much do solar panels cost?

For a regular sized house, a solar panel installation will often cost approximately $12,000-15,000. There are variations in costs between the system you choose, your location, whether your property needs any modification and the rebates you are entitled to.

The best way to save money on your solar panel installation is to compare quotes from multiple local suppliers. Installers are often willing to match, or even beat, their competitor’s quotes, so don’t be afraid to ask.

Maintenance is important for the effectiveness of your panels, as well as the systems longevity. Maintenance doesn’t have to be a big expense, especially if you clean the panels yourself, but expect to pay $100 per year for basic maintenance.

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How much money can I make?

Over a 20 year period, based on an average solar panel installation, the average property owner in America will save over $20,000 in electricity bills. The savings will continue well into the future, with many solar panels lasting over 50 years. On top of this, there are many states and initiatives that encourage the use of photovoltaic cells, even offering financial incentives.

Solar Panels can also add value to your property, making them even more lucrative.

 

Solar Panel Requirements

Before rushing out and booking in your solar panel installation, there are a few essential requirements that you should consider. For example, your roofs pitch and orientation are important to ensure the maximum yield of electricity. Your roof must also be structurally strong enough to support the added weight of the panels.

In most circumstances, planning permission is not required, however there are also locations and circumstances where solar panels are forbidden.

Solar panels can be a great investment, not only providing financial benefits, but also helping the environment.

 

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