While this seems like a considerable investment from the start, the use of solar energy is a long-term investment. On average, the payback period for residential solar energy is 6 to 9 years, but using a solar panel system can save you thousands of dollars on your electric bill 20 years or more. Demographic and Income Trends of Residential Solar Users: This report from the Lawrence Berkeley National Laboratory reveals that while solar adoption is skewed toward high-income households, low- and moderate-income households are also embracing, and that the rooftop solar market is becoming becoming more equitable over time. The orientation of your home to the sun, the amount of shade it receives, and the type of roof also affect the production of the solar system.
Santee Cooper can always help you evaluate which solar panel option and how much solar energy is right for your home. The solar tax credit is currently worth 30%; you can use it to save more than a quarter of the price of your solar system. If you live in a region with medium to high level utility rates, you can guarantee that a solar panel will save you a lot of money over time. A photovoltaic solar panel can be very beneficial in areas where this type of time-varying rate is used, since the solar energy produced would compensate for the more expensive electricity.
Since solar installation companies do less off-season work, their panels are likely to install faster and be up and running in a short amount of time. These tools are great to start with, but be sure to work with a solar installer to get a personalized estimate of the amount of energy your solar energy system is likely to generate. Multiple unique factors influence the price of solar panels, which are related to your electricity use and your home. Many U.S.
households spend hundreds of dollars each month on their energy bills, and solar panels are often the most effective way to reduce that amount. Solar panels are designed to work in all climates, but in some cases, roofs may not be suitable for solar systems due to age or tree cover. According to consumer reports, after accounting for solar tax credits, the cost of a solar panel system in an average-sized home in the U.S. UU.
The first thing to find out before starting your research on using solar energy as an alternative energy source is the average energy consumption in your home or business. The amount of money you can save with solar energy depends on the amount of electricity you consume, the size of your solar energy system, whether you decide to buy or lease your system, and the amount of energy you can generate given the direction of your roof and the amount of sunlight that hits you. Solar panels generate their own energy and can therefore greatly offset your monthly electricity bill, if not eliminate it. Thin-film photovoltaic cells are easier and less expensive to produce, but they are the least efficient type of solar panel.