Costs of Single Family Home Solar Panels
Consider Home B, a single-family residence with two parents and a teenage son. Two parents live in Home B and spend a lot of money on air conditioning and heaters. Their swimming pool also requires electricity to filter. The teenager spends most of his time watching television and playing iPad. Each month, the two parents spend about $200 on electricity. If this was the case, the parents would need more solar panels. But would they really see a difference in their electricity bills?
If you’re wondering what the costs of single family home solar panels will be, you’re not alone. The cost of solar panels depends on many factors, including the size of your home and the company that makes them. Additionally, the costs are affected by the region you live in, and how much energy you use every month. You can also use your electric bill to determine how much you want to reduce your dependence on the grid. Obviously, the more power you generate from solar energy, the higher the costs of the initial installation.
Whether you plan to install a single-family home solar panel system yourself or hire a professional installer, you’ll need to determine your location and the solar power output you need. You can find out where the sun shines at your location by logging your local weather station or by looking at your utility bills. You can use this information to determine the size and number of panels you need for your home. Once you’ve identified your location, you can find an installer who can install solar panels on your roof.
In addition to the manufacturer’s warranties, solar installers also offer guarantees to protect the system against any problems. A company like Paradise Energy offers a Triple Ten Guarantee, which will protect the system above and beyond its manufacturer’s warranty. If your solar panels start malfunctioning, you can expect to pay anywhere from three to ten thousand dollars to have them reinstalled. You can also purchase a maintenance and repair package if you plan to keep the system for years.
The resale value of single family homes with solar panels increased by nearly 6% on average in San Diego and Sacramento. The LBL report isn’t the only source for this estimate. One study found that homes without solar panels sold for 4.1% less than homes with them. A similar study from Zillow found that homes with solar panels increased their resale value by a whopping 8%.
Impact on electric bill
Most solar customers finance their systems. These loans are significantly lower than the utility bills they pay every month. The amount that you pay will be applied toward owning your system, not your electric bill. You will not pay extra money for your solar energy; your payments will simply decrease over time as you pay your loan off. In addition, you will find that your utility bills will be lower every month once you have paid off your loan.