At Just In Time Roofing & Restoration, we know there are many reasons why you might want to add solar panels to your home or business. Many people want to reduce their monthly energy bills, others want to reduce their reliance on fossil fuels, and others want to do both. However, solar installation is a significant investment, so it’s important to consider the matter carefully before you commit. In this article, our team will go over some key considerations to help you decide if solar panels are a worthwhile investment.
- Initial Cost – When deciding whether to install solar panels on your home or business, it’s important to know how much they cost. Solar panel installation can cost tens of thousands of dollars, which makes it a serious investment. Over time, though, the energy savings your panels provide will pay for the initial costs of installation. In addition, there are a variety of solar financing options to help you cover the upfront costs of this project.
- Logistical Concerns – We also want you to be aware that not all buildings are ideally suited for solar panels. For example, sometimes the roof of a home is too small to fit all the solar panels that would be needed to generate as much electricity as the household uses. In addition, if your roof does not have good sun exposure, solar panels will not be as effective. The local solar company we partner with can help you figure out if your property is suited for a solar conversion or not.
- Savings – If your property is well-suited for solar panel installation, they will provide long-term energy savings. As we mentioned, the panels will eventually pay for themselves, and they can reduce your monthly energy bills down to $0 (or close to it) under the right conditions. In some cases, you may even be able to generate a surplus of energy, which you can sell back to the electrical grid for a profit.