Are Solar Panels For Your Home Worth the Cost?
If you have considered solar panels for your residence, then you have no doubt identified how costly it would be to install these panels in order to provide electricity to your house. Yes, there are government rebates given for those who opt to have solar panels, but a lot of individuals still have to take out a loan or have their properties mortgaged in order to obtain these panels. A lot of people ponder upon whether or not the reduction on their month-to-month energy bills, would be worthy of the additional expenses they would incur for the installation of the solar panels.
The truth is, the answer would depend on a range of things such as your age, how long you intend to live in your residence, your commitment to the natural environment, and whether or not you are talking quick or long term advantages.
The initial consideration that people check out is the price of the solar panels. Another consideration is how much they actually save on their regular monthly electricity bill.In order to find out how much this really is, you would at least have to seek the advice of a solar panel expert. A lot of solar energy systems for a home would cost at around $6000 after government rebates have been applied. Generally, you would enjoy a month-to-month energy savings of about 50% on your bill. This could change every month, depending on external factors that affect electricity generation of the solar panels, just like the amount of sunlight it receives. For instance, if your monthly bill is at a $100.00, then you could earn a savings of roughly $600.00 in a year. This would mean that in 10 years’ time, you may not be able to see genuine significant savings. If your current electric usage is less than a $100.00 it will take more time to see any real savings.
If you are already in your 70’s, then you may think twice about getting solar panels. However, if you are 30 or even 40 years old then you could well establish that the amount of money you will conserve in the future may well be worth the additional cost today.
Of course you also need to decide if you plan to stay in your home for a lengthy period of time, enough for you to realize the benefits from the eventual savings that solar panels offer. And if you are planning on moving, ask yourself if you can take those panels with you. Yes, these solar panels would not give you a headache if the time comes that you need to move them, but make sure that your new residence would have lots of sunny roof area for the panels.
Your next consideration is the environment. There is no doubt that those solar panels are good for the environment. Everyone has to do his or her share in safeguarding the environment. And, by installing solar panels at home, you get to do your share. But whether protecting the environment is a priority for you, only you can determine that.
While these solar panels provide real positive benefits to many individuals, it is only you who could decide whether or not, the long-term benefits will be able to offset the expense of buying and setting up the panels at current time.
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