* Five Things to Consider if You Want to Get a Residential Solar Energy System

Thinking about getting a residential solar energy system, consider these factors:

Cost and Savings

Initial Investment: The average cost of a home solar energy system is approximately $13,400 after applying the 30% federal tax credit. This can vary based on system size and installation specifics. For example, a 4 kW system costs around $13,000, while a 10 kW system may cost about $27,5001.

Annual Savings: Homeowners can expect to save around $1,500 annually on electricity bills, with total lifetime savings ranging significantly based on the system size.

Financing Options: Various financing methods are available, including loans, leases, and Power Purchase Agreements (PPAs). Each has different implications for upfront costs and long-term savings.

Energy Needs Assessment

Understanding Energy Usage: Assess your home’s energy consumption before purchasing solar panels. If your monthly electricity bill is less than $75, solar may not be cost-effective for you. Most homes require between 15 to 25 solar panels depending on their energy needs and location.

System Size: The size of your solar system directly correlates with your energy usage. A larger system may be necessary if you consume more electricity.

Installation Considerations

Roof Suitability: Ideal roofs for solar panels are typically south-facing with minimal shading. Ensure your roof is in good condition and can support the weight of the panels. If needed, consider a roof replacement before installation.

Choosing an Installer: Select a reputable installer with at least five years of experience and positive customer reviews. It’s advisable to obtain at least three quotes from local companies that employ NABCEP-certified professionals.

Components of a Solar System
A complete residential solar energy system includes several essential components:

Solar Panels: Capture sunlight and convert it into electricity.
Inverter: Converts the direct current (DC) produced by the panels into alternating current (AC) used in homes.
Racking Equipment: Mounts the solar panels securely to your roof.
Monitoring Equipment: Tracks energy production and usage.
Battery Storage (optional): Stores excess energy for later use.

Long-Term Considerations

Efficiency and Quality of Panels: Higher efficiency panels convert more sunlight into electricity, which can lead to greater savings over time. It’s important to balance cost with quality; cheaper panels may have lower performance or shorter warranties.

Net Metering Benefits: If your system generates more electricity than you use, net metering allows you to sell excess power back to the grid, providing additional financial benefits depending on state regulations.

 

Copyright (c) 2023 by Christopher Anacker / Residential Solar Energy System