Darin and Christina Cunningham | Re/Max Elite
278 Franklin Road Suite 190 | Brentwood, TN 37027
Office: 615.661.4400 | Fax: 615.661.4115
Christina: 615.394.4168 | Darin: 615.456.4086



Is Solar a Good Idea for Your Home?

Should you go to the trouble of installing solar at your home?

One of the great benefits of solar power is that it basically seems like free energy once you have it set up.  Homeowners who prefer using solar have an added advantage of low carbon footprints, lower electric bills and their homes may have a higher resale value also.

However, it’s not as simple as it sounds. These benefits come with installation and maintenance costs. It also helps to be in a place where there is plenty of sunlight to generate enough power.

Solar power looks inexpensive after you start using it, but the installation can cost you a lot, especially if you don’t get a reputable company to do the installation.

The price of solar installation in the US has dropped significantly (by over 70 percent in the last 10 years). Many people are seeing solar as an investment that is friendly to the environment as well as a home upgrade. Millions of Americans today are considering the installation of solar to increase the value of their homes and enjoy the cost benefits attached to solar.

Costs

To start with, solar power is capital intensive. Owning a system mostly costs you upfront when you are buying the equipment and installing it. The solar modules/panels are generally the most expensive component that impacts your wallet, while the inverter, metering equipment, and other wiring gear and housing components along with cables tend to cost less. There are homeowners who prefer battery storage (which can also be expensive), but this might be unnecessary if the installation is able to generate excess electricity feeding back into the grid.

Benefits

With solar power, the most significant benefit is low electric bills. However, this depends on the amount of solar energy produced by the installation and how much the local utility company charges for electric consumption. If your installation is able to produce excess energy, you may be able to sell generated power to the nearby utility company. There are net-metering plans were residential consumers use the power they recently fed into the grid as well.

Homeowners who have solar installations enjoy the benefit of added value in their homes. The home may fetch a higher selling price than the home without solar power.

Does it pay off?

Well, you really need to sit down and do the math for your personal situation. Calculate the projected costs of the system and the installation and your typical energy use per year. However, the savings from electricity bills generally pay off the installation costs after some time.

Solar can be a good idea for your home. With solar, you are free to use any amount of electricity you want as long as you can produce it.

The price of the technological components seems to be decreasing as the years go by. It’s best to use caution if you’re not sure what you are doing. It’s good to avoid any do it yourself projects when it comes to solar power installations. The best thing is to find a reputable company (or installer) that doesn’t overcharge. Ensure the company has experienced professionals who can give you accurate estimates and quotes on the equipment to buy and how much the entire project will cost you.

Be sure to ask around for referrals and check some independent third-party reviews of the companies that you are considering to install your solar set up. Make sure you choose an honest company with a good reputation. There have been some solar company install scams reported. If the deal you are being offered sounds too good to be true, it may be. Be sure to read the fine print.

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