So — you’re thinking of putting in solar panels? Smart move! Renewable energy is more than just a catchy slogan. Instead, it’s a great way to power your home. But, before you rush to join the solar side, there are a few things you need to think about.
Understanding Solar Power Basics
First things first: what is a solar panel? Solar panels are devices that convert energy; meaning, that they capture sunlight and turn it into electric power to run your home instead of using electricity from traditional sources. The device converts the solar energy into electrical energy. It is that simple.
Assess Your Home’s Suitability
Those sunlight-converters won’t be worth much if they’re on the wrong rooftop. You’ll want to check to see if the pitch or angle of your roof will be conducive to catching sunlight throughout the day; ensuring your roof is not blocked by natural or manmade obstacles, like trees and tall buildings. The roof should ideally be south-facing and not blocked by shadows. Even then, it’s best to check with a professional.
Costs and Financing Options
Buying solar panels and batteries will cost you a pretty penny or two. The amount solar panels go for will depend on where you live and how big the panel is. But don’t let the price tag scare you off. You can pay via loans, grants, and yes, solar panel leasing. This could be worth it given the many benefits of solar panels.
Solar Panel Leasing as an Option
Leasing a panel may be your best bet if you can’t pay ahead of time. But what is a solar panel leasing option? Solar panel leasing is simply renting the panel for a monthly fee instead of paying the initial cost. This will be great to save the planet as well as your budget.
Government Incentives and Rebates
Most governments offer homeowners incentives to switch to solar energy. The incentive helps cover the cost of installation; if high enough.
Maintenance and Lifespan
If you’re going to hire an installer, make sure they are reliable and have proper licensing. Customer reviews give you a better understanding of their service delivery. Also, examine their customer service, warranties, and costs.
The Bottom Line
There is a lot of examination that should go into installing solar panels, from ensuring your home is compatible with the solar panels to the financing or leases. Solar panels can have a gigantic cost at first, but it pays itself off over time with the savings from electricity bills.