Why Solar Panels Are Worth The Cost For Long Term Savings

Why Solar Panels Are Worth The Cost For Long Term Savings

Solar energy has taken a while to take hold. Traditional forms of energy consumption were the traditional way that both heated and cooled our homes, but as tensions heat up around the globe, it has forced people to begin to look elsewhere for their energy needs. With disposable income being less than disposable these days, many homeowners are searching for ways to cut back on their energy costs and reduce their monthly budgets.

Solar power is one of the fastest growing energy sectors in the US. In fact, many solar powered fields are providing more clean energy than both natural gas and coal fuel. For the average homeowner, solar panels were an inconvenience just one short decade ago, but with all the advances made, many are giving it a second look.


Is solar roofing worth the investment?


The things that used to limit people from investing in solar panels were cost efficiency and aesthetics. For the price it used to cost to put up solar panels, it would take a long time to get a return on your investment. As the technology gets better, and there is an increase in the number of households employing the energy, there has likewise been a decrease in the price to have solar energy panels installed. That makes it a more worthwhile investment. In fact, currently, solar powered roofs are at the cheapest price they have been then ever before.

Due to the mass production of solar power panels, they are way less expensive. Another advancement is that they are no longer the eyesore that they used to be. Manufacturers are coming up with better ways to implement them into the design of a home, rather than to overtake the aesthetics of it. New technology including built-in batteries are not a thing of science fiction. In fact, many companies predict that they will be ready for market as soon as the end of next year.

If you are considering adding solar power to your home, there are many considerations that you have to take into account. There is no argument that having your home powered by solar energy panels is environmentally friendly, but many wonder if it is worth the cost for the long-term. Even with costs decreasing exponentially, homeowners wonder if now is the time to invest or if they should wait until it is a tried, true, efficient and economical energy source in the future.


Does solar power increase the value of your home?


One consideration that you want to make is whether making the investment into solar power roofing will increase the value of your home. As the technology stands right now, it may not. Because the current roofing systems available for solar roofing involve a less aesthetic look to your home, if you are in a neighborhood where it is all about curb appeal, then converting to solar energy may not increase the value of your home – at least not yet.

If, however, you own a home that is sheltered and does not have a viable, predictable, or inexpensive supply of energy, then adding solar powered roofing may definitely increase your home equity. If you have a house in the mountains where the last thing that a buyer cares about is the way that roof looks, then having an economical heat source is going to increase the value of your property and your home.

Solar power is an energy source that is measured in kW. Generally, in the US, an average home uses about 1kW per hour or (kWh). At current estimates, the price per kWh is approximately ten cents. If you extrapolate that cost each month, your home will require about 730 hours of energy. That makes the average household cost of energy somewhere in the vicinity of seventy-three dollars per month. Although a general cost, you must take into consideration that various parts of the US will have different pricing scales.


How much energy do solar panels generate


On an average, If you take that cost and divide it by the price of installation, then you can get a general idea of whether putting solar panels on your roofing system is worth it. Currently, the average solar panel generates approximately 10 watts/square foot. In general, each solar panel that you install has about a twelve percent conversation, which means that it takes about one hundred square foot of panels to energize a home that has an average use of 1kWh. That only works, however, if the sun is shining twenty-four hours a day, seven days a week. You have to estimate according to the season and where you live in the US to better determine how much energy you will achieve per panel.


Installation costs


Finally, the cost of installation is the final part of the equation. The cost of installing a solar panel roofing system including the prep, installation and electrical system, is about seven to nine dollars per watt. When you take all factors into account, that means that a 5kW system could cost between $25 and $35 thousand dollars to install. Although, at certain times there may be energy incentives that may make it more or less appealing. Therefore, if it costs you $20 thousand dollars, it could take as many as 20 years for the solar roofing system to pay for itself and be energy-free efficient.

Therefore, the choice to install a solar roofing system comes down to region, price, and personal preference. If you are going to invest, you may want to consider innovative options and financial ones too. With new technology on the horizon, the investment is likely going to become more reasonable and financially sound. Solar energy is the way of the future, it just depends on when you want to hop on the solar power train. If you are considering what type of solar energy roofing materials are available for your particular location and energy needs, consult Tamesol for more information today.