Although installing home solar panels can seem daunting, the benefits are well worth the effort. We will talk about the costs and installation of solar panels and the energy produced by them. Also, how tax breaks may be available. You will be able to make an informed decision about the best home solar system. We are available to answer any questions you may have about the process. We are available to assist you in all aspects of the project, including the installation and tax breaks.
Cost
The cost of solar panels for home depends on how energy you use in a month and the average amount of energy produced in your area. To determine the required wattage, multiply your annual energy consumption by your peak sunshine hours. Depending on the type of system and where it is located, the payback period for a solar system may be as short as 10 years. However, depending on how much electricity you use, you may need to have a larger system than the smallest one.
Installation
The first step to installation of home solar panels is to assess the size of your house. The size of your home will affect how much electricity it consumes. The consumption requirements will be higher if you have more rooms. A smaller panel will work best for a smaller house. To determine how much power each room uses, you can use a home energy device before purchasing a solar panel.
Energy production
While you can expect to make a significant amount of electricity from your home solar panels, how much is sufficient? The answer depends on how much power your household requires. A 20- or 30-panel system should provide enough power to power a typical American household. However, it is possible for your home to generate much more energy than you think depending on where you live. In addition, the efficiency of your home solar panels will depend on the amount of sun that they receive.
Tax breaks
You can get tax breaks if you're thinking of installing solar panels in your home. However, there are limitations and the amount of the credits can vary. To qualify for a solar tax credit, you must own your home and be responsible for paying taxes. For more information on qualifying, read our buyer's guide. Now is the best time to get solar panels installed.
Period of payback
Calculating the payback period of home solar panels is complicated. There are many variables to consider. First, you must determine how much your electric bill is. This is usually calculated by your local utility rate, but you can also calculate your electric bill using a sample or several of your bills from the past. For seasonal fluctuations, try to look at least six years back. Assuming a 100% usage rate, the payback period would be approximately five years. You can request a rebate from the Energy Trust of Oregon if you live in Oregon or Washington.