Explained: Are Solar Panels Still Worth It?

solar panels on house

There has been a lot of talk about going green with solar. In fact, solar panels are so popular nowadays that most people know about the benefits. However, are they still worth it? If you want to know whether a world run by solar power is worth pursuing, read on to find out more.


Solar Panels Can Push the Value of Your House Up

Some people are worried about plastering solar panels all over their roofs, thinking that they will make their homes uglier. This would, in turn, push the price and value of the home down. However, to rest these worries, the efficiency that comes with having solar panels on your house might be more attractive to buyers than the look of a solar free roof.


Solar panels are not a cheap investment. That is why they can significantly increase the value of your home. Most people know how much they cost and would readily welcome a house that already has them installed. If you install the right solar panels and show significant savings, they may very well boost value.


Solar Panels are Generally Low Maintenance

If you have a properly designed and installed solar system, you will need very little maintenance to keep it running. You might just need to replace the inverter in about 25 years, and that’s it. The replacement will cost you about 1000 dollars. However, sometimes things can go wrong. That is why it’s important to check the installer warranty you get. Some warranties will cover you for up to 20 years. You will also have your building insurance to cover you for things like storm damage. Also, you must check with your insurer before installing the panels.


It’s all About Using the Panels at the Right Time

To maximize the value of solar panels, you must use them at the right time. Once the panels are installed and are working properly, it is important to educate yourself about the perfect times to use them. For instance, in the winter months, there will be less sunlight. Therefore, you will generate less electricity from solar. During those periods, you will be taking more energy from the grids. It is advisable to set appliances to run while there is light outside and stagger them so you can save when there is no light.


You can Offset the Cost of Solar Panels.

Over the past ten years, both the federal and state governments have rolled out several programs to provide financial incentives for solar installation. You can take advantage of these local and federal tax credits and other rebates. If you are interested in applying for these programs, you can talk to top solar companies to find out which ones you qualify for.


How Long Do Solar Panels Last?

The initial startup solar panel project will definitely get you thinking about how long the panels will last. Understanding system longevity when making such a huge investment is very important. You need to know that the panels will function long enough for you to get your ROI. The answer varies depending on the panels you buy. However, generally, you can expect to get about 20 to 30 years of use. Fortunately, as mentioned before, there will be little to no maintenance required during this period.


Longevity is what adds value to your home. People nowadays are willing to pay an average premium of about $15,000 when buying a home with solar. In most cases, that alone can cover the cost of your solar installation. So the answer to whether solar panels are still worth it is a definite yes. You just have to ensure that you get the right solar panels and that they are installed properly.


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