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.
Over the past few years, solar panels have gone from a rare sighting to a common occurrence on rooftops across America. Thanks to the financial and environmental benefits of installing solar panels, this renewable energy technology shows no signs of slowing down. Here are five facts you may not know about going solar.
Solar is a trendy thing in 2018 and many adventurous homeowners are beginning to wonder about “diy solar panels” – the concept of building a solar panel system by yourself. Of course, there’s a lot involved in a solar installation and there’s a right and a wrong scenario for do-it-yourself solar projects.
Going solar has major financial benefits: it reduces your monthly electricity costs and can even increase the value of your home. Incentives like the federal tax credit for solar can reduce your net cost by 30 percent or more, 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 DIY. Below, we break down the top pros and cons that you need to know about do it yourself solar energy before making a decision as well as the DIY solar process.
Solar energy is a win-win: in addition to its significant financial benefits, going solar is also great for the environment. When your solar panels generate electricity, they produce zero emissions, which means they don’t contribute to climate change or health issues like more traditional sources of energy. They also draw their energy from the sun, an abundant resource that will be available and accessible across the world for the foreseeable future. All that said, what you may not realize is that there is actually an environmental impact of solar energy too.
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.
Newer, more efficient solar panels and inverters have been in the news recently, but advancements in solar technology aren’t limited to standard equipment. Energy storage is also moving closer to mass-market adoption, and more installers are offering solar batteries and solar panel battery banks (a.k.a. solar-plus-storage) as an option for homeowners.
Solar-plus-storage systems include a battery that captures and stores the excess solar energy generated by the PV system, opening up the possibility of going “off the grid” – a tempting proposition for homeowners who want to sever their connection with utility companies by using renewable energy. As solar batteries become cheaper and more accessible for homeowners, more people are wondering, “Can I use solar batteries to go off the grid with my solar panel system?”
Solar panels and electric cars are a match made in heaven – when you install a solar energy system on your home, you can use it to both power your home and charge your electric car for emissions-free transportation. The cost of solar is falling rapidly, and companies from Tesla to Nissan are manufacturing electric cars for your daily use. Now, the ability to install a solar PV system large enough to power both your home and your car is an option within reach. But even with incentives and rebates available for both technologies, most homeowners still can’t afford to install solar and buy an electric car at the same time. Luckily, it’s easy to install a solar energy system today that takes your future electricity consumption into account, if you take a few additional factors into consideration.
When you install solar panels, your home produces its own clean, zero-emissions electricity. If you’re DIY-minded, you can build your own solar power system. In some cases, you can even build your own solar panels, although the amount that you can effectively DIY home solar depends on how much you want to power.
Every solar company has a variation of the same sales pitch, “did you know going solar can save thousands of dollars?” They make it sound so easy, but the truth is, whether solar is a smart long-term investment for you depends on a few major factors. So before you buy into the hype, we recommend you use this simple guide to cut through the sales jargon and determine if solar panels are actually worth the money.
While the most expensive part of going solar is paying for the equipment, it still only represents 25 percent of the overall expense. Soft costs, or the outlays that installers spend just trying to find you and appeal to you, also contribute a significant percentage. Here’s a breakdown so that you can understand the cost of a solar panel system, plus tips on how you can save money!
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