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With the rising demand for solar energy in the past years, we have decided to compile a list of all the most asked questions regarding installing and owning solar, so we are here to answer them all.
The financial benefits of installing solar energy goes beyond just the tax incentives you gain and your lowered electric bill, but installing solar panels on our rooftop can increase your home value.
Before renovating your home and undergoing costly upgrades, you need to understand the difference between adding value to your home and adding expense. Costly upgrades such as a swimming pool or extensive landscaping may give your home the “wow” factor, but the impact when you list the house is likely to be insignificant. However, when adding solar to your rooftop it adds value to your home as the homeowner can enjoy lower electric bills using green energy, which is something almost all potential buyers are looking for in a house.
However, the extent to which your home value increases depends on several factors including the rules and regulations in your state, along the size of your solar panel system. To give you a better insight, Zillow – a real estate company – conducted a research in 2019 to find the top ten states with the highest solar premiums and the extent to which the home’s value can increase.
Here is the top 10 states with the highest solar premiums:
New Jersey: 9.9% or $32,281 for the median-valued home.
Pennsylvania: 4.9% or $8,589 for the median-valued home.
North Carolina: 4.8% or $8,996 for the median-valued home.
Louisiana: 4.9% or $7,037 for the median-valued home.
Washington: 4.1% or $15,916 for the median-valued home.
Florida: 4% $9,454 for the median-valued home.
Hawaii: 4% or $24,526 for the median-valued home.
Maryland: 3.8% or $10,976 for the median-valued home.
New York: 3.6% or $10,981 for the median-valued home.
South Carolina: 3.5% or $5,866 for the median-valued home.
To learn more right from the source: Click Here
Thus to simply answer your question, then yes solar panels do help increase a home’s value.
Let us blow up your mind; did you know that solar panels work on cloudy days?
We cannot deny the fact that the efficiency and performance of the solar panels do decrease during cloudy and cold days; however, customers feedback has shown that you might not even notice a reduction in the efficiency as the panels will still be able to convert sunlight into electricity and live up to your home needs during that time. As long as the solar panels can capture some of that sunlight, despite the clouds, you are good to go with nothing to worry about!
To be completely transparent with you, solar panels do not work at night, as there is no sunlight to capture and convert to a useable form of electricity; however, solar batteries do work at night! The solar PV system's excess energy generated during the day on your rooftop will be stored in the solar battery installed. Then at night, when the sun is down, and the panels are not generating electricity, you will be able to use the stored energy you harvested earlier.
Isn’t it mind-blowing the number of benefits solar energy can offer?
When you are deciding whether or not to get solar panels installed on your roof, there are certain factors you need to consider including, how much weight your roof is able to support, its configuration, how old your roof is and its general condition, and which direction your roof slopes face. Your roof needs to be strong enough to support the weight of solar panels, and that your roof is not old, damaged and worn out.
However, if installed correctly, solar panels will not damage your rooftop whatsoever! This is why it is essential to work with a reliable solar installer.
Here at Palmetto Energy Solutions, our solar contractors are highly trained professionals who will ensure that no damage is done to your rooftop during the installation process and live up to your expectations and desired quality. Do not hesitate to book an appointment with our team to get started!
Yes, you will still have an electric bill after installing solar panels, but how high or low the bill is depends on the relationship between the level of energy your system generated and the level of energy you consumed for use whether from the solar system or from the grid directly.
Therefore, unless your solar energy system includes battery storage and you are fully off the grid, you will still receive a bill from your utility.
There are two primary reasons homeowners and businesses are interested in switching to solar energy: first, the financial benefit; and, second, the environmental benefit, as the electricity produced by solar panels is clean, renewable and emission free.
Solar energy protects and improves the environment in several ways including the following:
Electricity generated from fossil fuels can produce harmful carbon dioxide and methane gases that lower the quality of the air we breathe.
Therefore, switching to solar energy is key to reduce air pollution given that solar panels produce no harmful emissions. The more homes and businesses rely on solar power the less toxic emissions are released into the air.
Traditional electricity production can use thousands of liters of water each year, as water is essential for cooling generators, processing and refining fuel and transporting fuel through pipes.
On the other hand, generating electricity through solar panels uses no water. The only water needed by the solar panels is to clean the panels.
Did you know that 173,000 terawatts of solar energy strikes the Earth continuously?
That is 10,000 more times than the world’s total energy use making solar energy the most abundant energy source on Earth. Thus, with solar energy we can constantly generate clean electricity powering the whole planet.
2024 might be the best year yet to go solar!
Now is the time to go solar! With the energy crisis, electricity rates are on a rise; therefore, to combat the ever increasing cost of electricity and avoid worrying about the fluctuation of your electric bill, then installing a solar system is the solution. The stable and predictable monthly electric bill with solar energy will give you the peace of mind you are looking for.
As mentioned previously, there is a lot of monetary and non-monetary benefits for going solar, such as reversing climate change or avoiding paying high electric bills; but there is other reasons to go solar - in 2024 specifically. The Residential Clean Energy Credit allows you to subtract 30% of solar panels system costs off your federal taxes till the end of 2032. Invest in solar today to save more! On top of the 30% Federal Investment Tax Credit , many states across the United States offer state tax credits, incentives, and rebates. If you are a resident in Columbia, South Carolina then let us help you understand all about your local rebates and incentives through the free consultation sessions we offer YOU.
Stop waiting for the ‘right day’ to go solar, every day is the right day. START NOW!
We love our customers, so feel free to call us and get a free consultation during normal business hours.
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