The Value of Residential Solar

Other then increasing the value of your home, residential Solar has many monetary benefits, learn about the value of residential Solar here.

The Value of Residential Solar Energy

The price of solar power is determined by how large of a solar system you require. Your solar system needs to meet or exceed your energy requirements. Energy usage can vary based on geographical location. In the United States, the north-eastern states of Ohio and New Jersey are typically colder than southern and western states like Texas, Florida and Arizona. Heating typically costs more than cooling costs given the energy requirements for equal square footage of area. Depending on which state you reside in, the rebates offered by governments to help offset the overall costs will vary along with the cost of energy regulated by the state. The average cost of a 50% to 100% offsetting solar system is typically $25,000 to $40,000 before the consideration of state and federal incentives. If your budget is below $10,000, a solar water heating system is an excellent choice, particularly if you have a large family and use a lot of hot water. A solar hot water heating system usually cost between $1,500 and $7,000 to professionally install. Solar hot water heating systems are very dependable and are eligible for the exact federal incentives as solar panels in most states.

The two most obvious advantages to solar energy are saving money and reducing carbon pollution. If you combine your last year’s usage and divide by twelve, this value is equal to the average annual energy usage in kilowatt-hours. Typically, the more money you spend on electricity, the more money will be saved by an investment in solar energy.

Roof Condition

Both a roof and a solar power system have the life expectancy of roughly thirty years. It would be wise to repair or replace a roof older than 10 years before installing solar panels. You should also take into account the size and positioning of your roof in regard to shade and direct sunlight.         

The best case scenarios for potential solar candidates are:

• Capability of paying between $10,000 and $40,000 You spend more than $100 a month on electricityYou have a large roofYou live in a state that offers monetary incentives

If these criteria are not in alignment with your present circumstances, you can still benefit from installing a solar power system. Solar attic fans, passive solar air-conditioning, active solar heating, and medium temperature solar collectors are just a few of the many solar products a solar installation professional in your vicinity can provide.