There are many reasons why someone may look into putting solar panels on their home. From the obvious benefits of reducing your carbon footprint to the potential money savings of not having to pay for utilities anymore, you may be considering a lot of variables as you decide whether or not to install solar panels as a way to run your own home.
If this is something you’ve been thinking about but aren’t quite sure on yet, here are three things you’ll want to consider if you’re thinking about installing solar panels on your home.
You Want A Guaranteed Tax Credit
In previous years, there were a lot of financial reasons to install solar panels on your home. But as solar is becoming more and more prevalent, some of the tax credits and other subsidies aren’t where they once were. Because of this, Melanie Pinola and Lisa Rowan, contributors to LifeHacker.com, recommend installing your solar panels either this year or in 2021 if you want to guarantee that you’ll get a higher percentage taken off as a tax credit.
While the current subsidies can be extended or changed to something even more favorable, there’s also a chance that the percentage available for rebate and tax credit could get smaller. So if you’re wanting to minimize the financial strain of this purchase, you may want to start moving on the installation sooner rather than later.
Consider Your Sun Exposure
Just because you like the idea of having solar panels on your home as a way to harness that energy rather than paying for energy doesn’t necessarily mean that it’s something that will actually be a good idea for you. To really find a benefit from doing this, you’ll need to consider how the sun is exposed on your roof or whatever other area you’re considering installing the solar panels.
According to the office of Energy Efficiency and Renewable Energy, you’ll need a roof that’s the right size, shape, and slope. Ideally, your roof should be south-facing and have a slope between 15 and 40 degrees for the best sun exposure.
The Fit For Your Home
How solar panels will work on or with your home should also be a big consideration when thinking about getting this hardware installed.
For example, Elisabeth Leamy, a contributor to the Washington Post, shares that if you have an older roof, you may not want to put this type of investment up there until your roof is replaced or well enough maintained to not have issues of its own for a while. Additionally, if you think you may be moving in a while, you may not have the solar panels long enough for them to make a big enough difference for you.
If you’re wanting to get solar panels installed on your home, consider using the tips mentioned above to help you learn if this will be a good idea for your situation or not.