There is a definite drive from homeowners to integrate more efficient upgrades into their homes. One of the most popular home additions has been to mount solar panel arrays on the roof to help owners go off the grid.
The trend toward a more sustainable and environmentally responsible lifestyle has pushed the popularity behind making your home solar sufficient. Not only can you save a bunch of money on your energy bills, but you can also drastically reduce your carbon footprint when you decide to go solar.
Before you make the switch, there are a few things that you should consider, including getting a new Allstate Home Insurance quote to accommodate your updates. Switching over to solar is not as simple as just mounting some solar panels. Here’s what you will need to know before making the decision to run your home using solar power.
One of the largest driving forces behind the solar trend is money savings. Once you get past the initial investment, which can be large, you can enjoy lifelong savings and even make some money back. The great thing about this initiative is that you could even get help footing the installation bill for your solar system.
Check with your municipality and talk to your accountant about available grants or tax breaks for adding solar that you can take advantage of. Making updates to your home to convert it into a more eco-friendly dwelling can actually make you money in incentives.
Each solar dealer will have their own guarantees to cover the installation process, but it’s important to understand exactly what their warranties will cover. You don’t want to get stuck with panels that are only warrantied by the manufacturer. Standard warranties should cover your panels for up to 25 years and your inverter for up to 10 years.
Property Value Boost
If you still need more convincing that going solar is right for you, you should know that converting and adding a solar array can increase the market value of your home. Projects like adding solar, a kitchen remodel or developing a home heat recovery system are among the most popular home updates.
Along with saving money on your energy bills, you can expect an increase of up to 4% on your home’s value. This can make for an impressive return on your investment.
When you are shopping for the elements of your solar power system you will need to choose an inverter that is best for your array. There are two different kinds of inverters; central or micro. A central inverter will be wired to draw in power from all of your panels at the same time. Microinverters are attached to each individual solar panel.
The most common question that dealers get from homeowners is, “How many panels will I need to run my whole house?”. There are too many variables to answer this question to suit everyone. The number of panels that you will need will depend on the square footage of your home, how solar reliant you want to be and the wattage of your panels.
Any easy way to estimate how many solar panels you will need for your home is to follow this formula. Take your hourly household energy needs and multiply it by the number of hours of prime sunlight that you will get. Then take that number and divide it by the panel wattage.
# hourly energy needs X Peak sunlight hours
If you are interested in creating a more self-sufficient and greener home by adding solar, make sure to do your homework before you invest. Get help with funding, learn about the equipment and increase the value of your home with a solar power renovation.