It is an excellent way to lower your monthly electricity bills. You must ensure you're getting the right size system for you. Some systems are small enough that they can fit on your roof. Others require more work to your roof or main electrical panel. These are the most expensive parts of the project.
Installing a solar panel system will save you over $1500 annually. A 30% federal tax credit is available for the system's total cost. It's a good idea, before purchasing a system from a solar company, to get quotes from several. The quality of the equipment and the service offered by the installer should be evaluated. You should also look at the Better Business Bureau and online reviews of solar providers.
A small generator may be an option if you don't have enough space to install a solar panel system. A battery bank can be used to store energy. A battery bank can hold energy for a few days to weeks. This allows you the ability to use it for things such as lighting your garage or working shed. A community solar project may be an option in certain cases. This is an excellent option for renters and those who cannot afford to invest in a solar panel system.
You can expect to save as much as 75% on your electricity bill by installing a solar panel system. This is because how much sunlight you have directly affects the amount of solar power that you can produce. In other words, if your solar system is in a sunny location, it will be capable of producing 10,800-14,400 Kilowatt-hours per year.
You can save money on your monthly electricity bill by using solar energy to cool your garage or work shed. Your battery bank can also serve to store energy for a few days or weeks during times when the sun isn’t shining.
The average cost of electricity in the United States is 16.6 Cents per kilowatt hour. This price is expected to rise by an average of 2.79% per year. You can avoid paying the higher rates by buying a solar panel system. There are tax credits and rebates that you can take advantage of. You can still get the federal tax credit until 2022. To be sure, consult your tax advisor.
A ground-mount solar system is a great option for those who don't have a roof suitable for solar panels. It will cost more than a roof system, as you will have to pay extra labor and material.
It is important to evaluate the quality and reliability of the solar panels and the inverter, as well customer service and installation. For more information about a company, check out reviews on the internet.