4 Things to Know Before Installing Solar Panel Parts

Did You Know Solar Panel Parts And Installation Costs Have Dropped By 60% In The Last Decade?

That makes this type of sustainable energy an attractive prospect for homeowners looking to reduce their energy bills. A solar panel installation can save you thousands on your electricity bills over time, but there are some things to consider before you make the switch.

Keep reading to find out more.

1. You Need Permission to Install Solar Energy

Step one in every solar playbook is the approval process. Depending on where you live, you’ll need to undergo a site survey and get a permit to install your solar panels.

If you are subject to HOA regulations, this is a big one. Some states don’t allow HOAs to dictate solar energy policies, so check if this applies to you.

These approvals can take some time, so the sooner you get the ball rolling, the better.

2. You Can Save on Your Solar Panel Parts

Solar installations aren’t cheap, so it’s comforting to know that you can recoup some of your costs. The Federal ITC allows you to deduct 26% of the cost of your solar panel installation from your next income tax return.

This percentage decreases to 22% in 2023 and disappears in 2024.

Some states also forego sales tax on devices designed for saving energy by installing solar.

3. Solar Panel Installations Don’t Suit Everyone

While it’s true that solar energy benefits everyone by reducing carbon emissions, it’s not a cost-effective solution for every homeowner.

Despite a decrease in prices, making the switch to solar is an expensive choice. If you need to take a solar loan to pay for yours, make sure the monthly installments won’t cost you more than your current electricity bill.

You could also end up paying higher property taxes, depending on where you live. Be sure to calculate your total cost vs savings over the 20-year lifespan of your solar panels for an accurate reflection of your benefits.

4. Your Roof Impacts on Your Solar Journey

Before installing solar power, you must consider the age of your roof. If you’re due for a roof replacement soon, it’s best to do this first.

Otherwise, you’ll need to pay an installer to remove and replace your solar panels in a few years.

If your roof spends most of the day in the shade or is too small for the necessary solar installation, your solar panels may not produce enough electricity for your needs.

Find Solar Power Solutions

To sum up, the four things you need to check when you’re considering solar power are the necessary approvals, your potential energy savings, how much you can expect to save on solar panel parts, and whether your roof is up to the task.

If you have any further questions regarding solar panel parts and solar cost savings, it’s wise to bring them up with your solar installer before you commit. They can help you maximize your solar installation.

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