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Can You Really Save Money by Installing Solar Panels?

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If you’ve ever considered installing solar panels, you probably have quite a few questions when it comes to the details.

First and foremost, can you save money by installing solar panels? You might be surprised to find out that the average American saves around $12,000 (including tax credits) annually after the initial startup cost of having the panels installed.

Installing Solar Panels – Benefits & Challenges

Many people are intimidated by the amount of research and work that has to be done before installing solar panels. It’s understandable! You’ll have to find out what size panels you’ll need, where they can fit on your property, if they’re compatible with the structures of your home, and how to even tie into your city or town’s electric grid!

A few things to think about before going forward – how much wide open space do you have on your property? How new is your roof? Is the roof large and supported enough to handle the extra weight load of solar panels?

Consider Hiring a Contractor

Look, you might very well be an expert at solar panel installation or a civic engineer. If that’s the case, great! Have at it! 

It’s never a bad idea to consult a solar panel installer near you before taking the plunge. In fact, in an ideal situation, you should contact multiple solar panel installation experts to provide you with quotes and detailed specifications on how they plan on ordering supplies and completing the job.

Here’s the secret: chances are that you aren’t the world’s foremost expert on solar panel installation, so get as many contractors as possible to give you extremely detailed quotes with full project specifications and item-by-item costs.

Sounds Like a Lot- Why?

Because you’re getting the contractors to do the work for you regarding specs on the project, materials, and labor costs, the more detailed quotes you can get, the better. 

It will not only help you get a reasonable price on the job, but it will also help you understand the project’s ins and outs. And honestly, it helps you as the homeowner to learn and use the vernacular and sound informed.

Benefits of Solar Panels

Other than the savings that we mentioned above, you can actually profit by selling energy back to the power company (depending on your state). Over time and including the tax incentives and regular savings, your solar panels are likely to help you save money – you can make a profit off of the sun. How’s that for passive income?

If you’re still interested, check out these great services near you.

Consult An Expert

If you’re thinking of installing solar panels and you live in Louisville, you’ve come to the right place.

We won’t take a big deep dive right now into the energy and climate crisis that may or may not be making its way toward America, but hey – better safe than sorry! In the meantime, if you like what you see here, check out our other blogs.

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