Is Investing in Personal Home Solar Solutions Worth Costs?
Apr 22, 2018 18:08
Investing in Solar solutions for a home is a substantially sizeable investment. If installed properly this investment can increase or decrease the value of property. There are a lot of variables which need to be taken in to consideration.
The first and the most important factor, is the availability of open sunlight during the day. The second consideration is the overall consumption of electricity in a day, month or year. The third determinant is the amount of investment you are willing to devote for the installation of solar. Let’s look at each of these determinants in further detail.
Availability of Sunlight:
This is perhaps the most important factor to installing solar power solutions to a home. Some houses will not have direct access to sunlight. They may have an excellent roof which can be used to install the panels. If that roof is overshadowed in the shade of a larger building or natural resource which blocks access towards sunlight than it will be completely useless. The installation of solar panels will be completely useless on a roof which does not receive adequate sunlight. If it is a large piece of land there may be other feasible places where the panels can be installed. Land mounted solar panels are just as efficient as roof mounted solar panels. Land mounted panels are actually easier to maintain and they will not damage your current roof in any way.
Calculating Electricity Costs and Viability:
Prospective clients could buy dissertation based on the number of variables which affect the price of the panels. The amount of sunlight that hits your roof, the condition of the roof and even the electric wiring within the house are just some of the factors which need to be taken in to consideration. To understand how much does solar cost for a particular house there are a lot of factors which need to be weighed in. There is a federal tax credit for solar installations throughout the US. Even with the federal discount, the average price of the panels is somewhere between 15 to 25 thousand US dollars for a single home. In certain cases it could be more than USD 25,000. The biggest solar providers are more likely to administer misleading information.
Achieving Breakeven on Installation Costs:
The main aim of any solar installation is to provide electricity for an entire residence. But there are very few systems which are completely 100% off-grid. Off-grid means that there is no electricity backup from any government utility provider. This also means that the customer must make all the required maintenance and repairs to the solar system out of their own pocket. Given the economic conditions all around the world it is not easy to be able to guarantee that a person could easily pay a fortune just on maintenance and repairs at the drop of a hat. It could take anywhere from 8 to 12 years for a customer to achieve breakeven on the main cost of the purchase. This is the best case scenario and not taking in to account any repairs which may be required along the way.
Final Verdict: Investment Worth The Benefits?
So after so much capital investment and time dedication is the buyer free from the government utility bills? In most cases the answer is no. Yes users will make significant savings on their bills. Keep in mind that the other users who are not making those savings didn’t have to pay for the solar panels in the first place. Even with the panels installed consumers will be paying utility bills to ensure access to electricity in the evening and in extraordinary circumstances. The panels are definitely not worth the investment for the buyer. Solar panels are more valuable to the electricity provider than they are to the resident who purchased them.
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