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 2024 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.
Local Regulations and Permits
Before installing solar panels, homeowners must research local regulations and secure necessary permits, ensuring compliance with zoning, building codes, and any homeowner association requirements in their area.
Maintenance and Cleaning
Ensuring the optimal performance of solar panels on your roof requires regular maintenance and cleaning. Homeowners play a crucial role in this upkeep, as routine checks for debris, dirt, or shading issues are essential to maximize energy production and the overall efficiency of your solar panel system.
Financial Incentives
Homeowners should explore potential financial incentives, such as state or local rebates, tax credits, or incentives offered by utilities. These incentives can significantly offset the initial installation costs, making solar panels more affordable.
Environmental Impact
Solar panels contribute positively to the environment by reducing greenhouse gas emissions and reliance on fossil fuels. Homeowners can be proud of their eco-friendly choice, supporting a cleaner and more sustainable energy future.
Future Expansion
Consider future energy needs when planning a solar panel system. Ensure the system is scalable to accommodate increased energy consumption or the addition of electric vehicles, allowing homeowners to adapt to changing needs.
Insurance and Home Value
Homeowners should inform their insurance provider about solar panel installation, as it may impact coverage. Solar panels can also increase a home’s resale value, making it a more attractive investment for potential buyers.
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.
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