Purchasing a solar system for your home is a great way to reduce your monthly electric bill. But, you have to make sure that you are getting the right size system for your needs. Some systems are small enough that they can fit on your roof. Others require more work to your roof or main electrical panel. These additional costs account for the largest portion of the total project cost.
You can expect to save more than $1,500 each year by installing solar panels. A 30% federal tax credit is available for the system's total cost. Before you decide to purchase a solar system, make sure to contact several installers. Also, you should evaluate the quality of solar equipment and installations as well as customer service. Also, you should look into the Better Business Bureau as well as online reviews about solar providers.
A small generator may be an option if you don't have enough space to install a solar panel system. You can also store your energy in a bank of batteries. A battery bank is capable of storing energy for up to a few weeks or days. This allows you to use the battery bank for lighting your garage or shed. In some cases, you may also want to consider a community solar project. This is a great option for renters or those who are not able to afford to install a solar panel system on their own.
Solar panel systems can save you up to 75% off your electric bill. Because the amount of solar energy you receive directly correlates with how many hours of sunlight you have. Therefore, if you are located in a sunny state, your system will be able to produce 10,800-14,400 kilowatt-hours of electricity every year.
Not only will you save money on your monthly electric bills, but you can also use the solar energy to cool down your garage or shed. Your battery bank can also be used to store energy for days or weeks when the sun is not shining.
The average electricity cost in the United States costs 16.6 cents a kilowatt-hour. The average price of electricity in the United States is 16.6 cents per kilowatt-hour. This rate is expected to rise by 2.79% every year. You can avoid paying the higher rates by buying a solar panel system. There are tax credits and rebates that you can take advantage of. The federal tax credit will be available up to 2022. To be sure, consult your tax advisor.
If you do not have a roof that is suitable for solar panels, you may want to consider a ground-mount solar system. This will cost more than a roof-mounted system because you will have to pay for additional labor and material costs.
When choosing a solar system for your home, you should evaluate the quality of the solar panels and inverter as well as the customer service and installation of the installer. To learn more about a company, you can also read reviews of solar providers online.