You can reduce your monthly electric bills by purchasing a solar system for home. However, it is important to choose the right 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.
For the average homeowner, you can expect to save over $1,500 a year by installing a solar panel system. You can also get a tax credit up to 30% from the federal government for the cost of your system. Before you decide to purchase a solar system, make sure to contact several installers. The quality of the equipment and the service offered by the installer should be evaluated. Look at reviews on the internet and check out the Better Business Bureau.
A small generator may be an option if you don't have enough space to install a solar panel system. A battery bank is another option for storing energy. A battery bank can store energy for a few days or weeks at a time. This will let you use it to light your garage and 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.
Installing a solar panel can result in a savings of up to 75% on electric bills. This is because how much sunlight you have directly affects the amount of solar power that you can produce. Your system will produce between 10,800 to 14,400 kilowatts of electricity per year if it is located in the sun.
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. The battery bank can be used to store energy for days, or even weeks, when the sun doesn't shine.
In the United States, the average price of electricity is 16.6 cents per kilowatt-hour. This price is expected to rise by an average of 2.79% per year. A solar system can help you avoid the increased rates. Tax credits and rebates are also available. The federal tax credit is available until 2022. To be sure, consult your tax advisor.
Ground-mount solar systems may be a better option if you don’t have a roof that can hold solar panels. You will pay more for labor and material, so this will cost you more than a roof mounted system.
It is important to evaluate the quality and reliability of the solar panels and the inverter, as well customer service and installation. Check out online reviews about solar providers to get more information on a company.