What do Solar Panels Cost and are they worth it for Your Home

Solar panels are the go-to solution many homeowners are using to keep up with high electricity prices and outages. The challenge is that solar panels can be problematic for some homeowners that don’t fully understand the short and long-term costs. 

The best way to evaluate solar panels is to understand the costs and if they are worth it. Here are some insights on how to evaluate solar panels for your home. 

 

The Costs

The upfront cost for residential solar panel installation is between $15 thousand and $25 thousand. You pay more for the installation and to ensure the system works properly. 

The real savings come over the long-term, with solar panels costing $.14 per kilowatt-hour. The costs will vary from one region to the next, and you want to ensure this is a viable solution for you. 

Tiger Team Roofing are the experts at helping you to install solar panels. Our team works with you to get the best solutions for your home. 

 

Are Solar Panels Worth It?

The best approach for deciding if solar panels are worth it requires considering several factors. Here are some things you want to think about to decide if solar panels are right for you. 

Look at your electric bill: The first thing you want to do is see how much you are paying for electricity. The higher the rates you are paying for electricity translates into bigger savings for you. Electric rates are volatile and this can impact your savings with prices falling or rising. Sunlight exposure: Sunlight is critical for ensuring that your solar panels are always producing electricity. Some states have more sun than others such as Nevada, Texas, Florida, California, and Arizona. You want to look around your house and see if there are any trees or structures that could block out the sun. This will give you an idea of where to place the solar panels and if you will get the necessary sunlight to produce the optimal amounts of electricity. Tax incentives: Solar panels offer ways of reducing the amount of taxes you are paying. Taxpayers can claim 26% off their income taxes by installing solar panels. These rates will decrease to 22% next year and will start expiring in 2024. We recommend checking on the tax incentives to decide if this is a viable option for you. 

These are some of the things you want to look into to determine if solar panels are right for you. 

Contact Us Today!

Solar panels can reduce your electric bills and create long-term savings. Contact Tiger Team Roofing today and see why we are the best at residential solar panel installation. Our team will answer any questions and help you to decide if this is the best solution for you.