Is a residential solar installation really worth the cost?

Are you considering investing in a home solar system? Solar panels can generate free and completely clean energy from the sun to power your home, but you may be asking yourself: is a residential solar system really worth the cost and installation? There are several important factors to consider in order to answer this question, so our team at Green House Solar has put together this helpful guide to help you decide. Please don’t hesitate to contact our team if you’d like to learn more.

Review your monthly energy bill. As a general rule, the higher your electricity bill is every month, the more you stand to benefit from having a home solar system. But your energy use will change from season to season, so there will be certain times of year when your bill is more expensive than others. 

Make a note of how much sun exposure your roof receives. The more direct sun exposure, the better. However, if your roof is shaded or doesn’t receive direct sunlight all day, that doesn’t mean you won’t benefit from solar panels. If you’re unsure, ask a local solar company to visit your house and conduct a thorough evaluation.

Get some estimates from local solar installers. We recommend getting several estimates from local solar companies to get an idea of how much the installation will cost. This is also recommended so you’re aware of what exactly is included within the estimate (i.e. solar panel maintenance, solar battery storage, etc.), and so you feel confident with the company you hire. 

Be aware of tax credits and incentives. There are several tax credits and incentives for homeowners who have solar panels, and they differ from state to state. In New Jersey, for example, we have the Solar Investment Property Tax Exemption. This is a property tax exemption based on the added value of home solar panels. 

Is residential solar worth it?

The best way to answer this question is to speak with homeowners who have been using their solar systems for several years. They’ll be able to give you an overview of installation costs, as well as how their energy bills have changed in the years since using solar panels to power their homes. Similarly, our team will be happy to give you our best estimate in regards to how solar panels will benefit you and your household. 

If you’d like to learn more about residential solar costs in NJ, please contact our team at Green House Solar today or visit our website at: