Is a Solar Panel Installation Right for You?

Many homeowners have heard about the benefits of solar panel installations for their homes. Not only is power from the sun an eco-friendly alternative for electricity generation, it also can save you thousands on power bills for as long as you live in your home. There are several factors you should take into account when pondering panels for your home.

Where Do You Live

Most homeowners believe they have to live in a sunny place to take full advantage of a solar array on their roof. Although plenty of sunshine is ideal, it is not the only consideration. You should also think about how much snow and stormy weather your region can expect each year. Weather can affect your energy generation, but it is not necessarily a deal breaker.

Expense Versus Reward

A solar installation on your home may come with a hefty initial price tag, but the expense can be mitigated after five to 10 years of use. Also, there are many municipalities in the country that offer significant tax breaks for both residential and commercial solar installations. Some homeowners even generate enough electricity to sell it to a third party. You can go completely off the grid or keep a power hookup for emergency purposes, depending where you live.

Other Considerations

Then there are extenuating factors to keep in mind. For example, do you live in a neighborhood that is governed by a homeowners association? If so, they may have regulations that limit your solar panel options. As part of your home structure, damage to panels should be covered under your homeowners insurance policy, and most panels are fire-resistant as well. Having a solar installation on your roof might also be a selling point for buyers when it is time to sell your home.

Thousands of homeowners each year decide to install solar energy systems on their roofs. These considerations should help you make the best decision if this the right time for your home.