When you make improvements to your home, it’s smart to take into consideration how they will impact your home’s value. The conventional wisdom from HGTV and home improvement magazines is that updating your kitchen, renovating your bathroom, or building an addition are the smartest ways to increase the value of your property. But there’s another home improvement that you may not realize adds to your property’s value: installing a solar energy system on your roof.
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Going solar has major financial benefits: it reduces your monthly electric bill and can even increase the value of your home. Tax incentives and rebates, like the federal tax credit for solar and local net metering rules, can reduce your net cost by 30 percent, but solar is still a big investment, and the price tag can result in sticker shock.
To save money, it’s no surprise that many homeowners are considering “do it yourself”, or DIY, solar, and asking themselves “can you install solar panels yourself?” Simply put, yes you can — but, there are some advantages and disadvantages of doing it alone. In this article, we’ll break down the top pros and cons that you need to know about do-it-yourself solar panel systems before making a decision.
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Establishing a secure financial future for your retirement requires that you explore a variety of options, but most homeowners don’t realize that installing a solar panel system can be one of the smartest retirement investment options available. By viewing a home solar panel system as an investment opportunity, homeowners can reduce or even eliminate their electricity bills, freeing up more than $1,000 in cash each year. With the increased availability of $0-down solar loans, homeowners that lack the cash required for an upfront purchase can still take advantage of solar as a retirement investment strategy.
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The financial benefits of going solar are clear: solar panel systems function as investments with strong rates of return, and homeowners generating solar electricity can avoid paying increased utility rates by eliminating their electricity bills. Multiple studies show that installing a home solar system can even increase your property’s value! If you’re reviewing multiple quotes, there are plenty of metrics that can help you make a decision about which solar option is best for you, but most solar shoppers rely on one metric in particular: the solar panel payback period or break-even point.
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For most people, solar panels are worth the investment, but they may not be right for you in some rare circumstances. However, even renters may have solar options if their property owners or managers are open to it – and if not, they might be able to sign up for community solar projects near them. In this article, we’ll help you answer the question: “Is it worth it to buy solar panels?”
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For many solar shoppers, rooftop systems are the best home solar option. However, not every home has a roof that’s suitable for solar. Certain roof types, like slate and cedar tiles, are too fragile for solar panels. If trees shade your roof, you’ll have less-than-ideal solar electricity production, and some homeowners’ associations and historical associations have rules that restrict solar panel installations. Luckily, there are a variety of alternative solar options for every situation – community solar, ground-mounted solar, and solar sheds.
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Solar offers more than just an opportunity to reduce your carbon footprint. When you install solar panels on your roof, you are a step closer to taking your electricity production and consumption into your own hands. One of the biggest decisions solar shoppers have to make is whether to install a standard grid-tied solar energy system, a solar battery backup, or a hybrid solar system. Here’s everything that you should keep in mind when you’re comparing hybrid solar panels to typical grid-connection or off-grid options
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Installing a renewable energy system on your property is one of the best ways to save money on your electricity bills while reducing your impact on the environment. Often, your decision will be between solar energy and wind energy. If you’re a homeowner weighing your renewable energy options, you already know that thorough research is the best way to find the right system for your home. Here’s everything you need to know about the benefits of residential wind vs. solar so that you can make your decision with confidence.
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If you want to install a solar energy system on your property, one of the first questions you’ve probably asked is, “How will I pay for it?” There are many financing options available today for homeowners who want to enjoy the benefits of solar. In many areas, an increasingly popular option for home energy improvements like solar is Property Assessed Clean Energy (PACE) financing.
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In 1994, only 10% of Americans had a cell phone. And yet, in 15 short years, more Americans had cell phones than landlines. While the rapid adoption of mobile phones can’t be attributed to a single factor, there is one major parallel between the transition from landlines to smart phones and what’s actively happening today in the electricity industry: the transition from a centralized system to a distributed (or decentralized) network.
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