Many homeowners might not be aware of the fact that when you install solar panels on residential property, the government refunds you 30% of the total cost of a system through wavering income tax. The reality of this benefit is that the actual cost of installing solar will go down by close to a third. According to express authority by Congress to the IRS issued in 2019, this 30% saving is going to reduce gradually year after year, with 2023 expected to attract only 22% in saving. The message here is that those who have residential properties should install solar panels right away. Now that you have reason to have solar panels on your roof, what is it about this technology that you need to know before moving ahead?
How do they work?
This depends on the type that you install. Photovoltaic solar systems use the power of the sun to produce electricity while thermal solar systems use sunlight to heat air and water used inside the house.
How much solar energy do I need?
There are multiple ways to save installing solar panels but the most practical is to budget for the exact number of panels that you need. What if your energy expenditure can be considerably reduced by conducting an energy audit? This should be the first step, and then you can draw the blueprints of what you really need.
What if I produce more than I can consume?
A simple answer to that question is; connect to the local grid! Every region has its set procedures for this and homeowners should be prepared for the many logistics requirements. While you might be needed to pay an upfront fee, wait sometime before the connection is actualized, credit for your electricity should start flowing in at some point.
Can my roof support solar panels?
Even before you can assess the capability of the roof to support the weight of panels, a good checkpoint would be if the roof has enough exposure to the sun to warrant the investment.
Can I trust my installer?
Installation of solar panels is a delicate process because it involves home improvement and electrical work wrapped into one. Keenly looking at credentials and asking for referrals is the best way to pick out a professional that is both experienced and competent.
What should my installation contract include?
Apart from the usual financing, warranty details, performance guarantee and terms of ownership, you should also look out for a clause that allows data collection from your system and what the data is used for.
Does that seem like a lot of information to keep in your mind? You do not need to memorize any of it because any legal practice can guide you through it.