3 Questions to Determine if Solar Panels Are Worth It

There are many reasons you might be considering going solar. You might be wanting to add solar panels to your home for environmental reasons. Or, maybe you want to be more independent from utility companies and save money on your electric bill. Whatever your reason is, whether or not going solar is right for you depends on a variety of factors. We provide you what to consider when figuring out whether solar panels are worth the costs.

1. How much are you paying for electricity?

Your electric bill is one a huge factor when determining how much you save by installing solar panels. Your utility company bills you for every kilowatt/hour of electricity you are using in your home. Often this rate is based upon where you live. By going solar, you are placing solar panels on your roof that replaces where your utility company gets electricity into your home. So, the higher your electric bill and the higher your rates, the more you will save by installing solar panels. 

2. What are the costs of installing solar panels?

Prices will vary when it comes to installing solar panels. However, you don't want to go the cheapest route to save money now. It will benefit you much more later on by installing quality solar panels. Also, you will want to research incentives and rebates available to you in your area. They can significantly reduce costs. At present, the federal government also offers a solar tax credit. So while the costs may be significant upfront, the long term benefits will be beneficial overall.

3. How much sunshine are you exposed to?

The amount of sunshine exposure can make a huge difference in how much energy you produce and how much you save with solar panels. Some locations are sunnier than others; however, even if you don't live in a sunny state, you can still benefit from solar panels. The reason is that your area may have high energy costs. So, just because you may have colder, cloudier weather than Arizona, it doesn't mean that you won't benefit from installing solar panels. 

There are many factors when deciding to install solar panels. However, one thing is for sure, most homeowners find that the initial costs are worth it in the long term. You will find that having solar panels will bring you are returning on your investment. Not only will you save money, but you will do something good for the environment.  Contact Solar Masters to get a price quote today.