As energy costs rise, solar power has been getting more press. But is it worth it for a residential homeowner to invest in solar? It depends.
There’s a high start up cost to convert your home to solar energy. Panels can be installed either on your roof or in your yard, but both locations require a large amount of space to collect sunlight. The amount of sunshine available can also be a challenge in Pittsburgh, which only gets an average of 162 days with sun each year.
If you’re ready to take the solar plunge, you can look forward to potential tax breaks after installation, and lower energy bills as your solar panels make up some (or all) of the energy you’d previously received from the grid. Solar systems generally last around 20 years, so it makes sense to calculate how much installation and maintenance will cost in comparison to your 20-year estimate of grid-based energy costs.
Image: Home Depot
There are also benefits that you can’t put a price on. Solar energy is a green energy that reduces your environmental footprint and your reliance on fossil fuels. Another benefit? Bragging rights. Your house will have its lights on while others are dealing with neighborhood power outages.
Solar energy systems may have an impact on resale of your home. If you do have a solar energy powered home, be certain to hold onto all of the documentation, paperwork, receipts, and information relating to the system.
Buyers will want (and need) as much information as possible to feel comfortable with their foray into solar energy. It benefits the seller to have these materials on hand to streamline the explanation process.
If you’re considering moving to a home with solar power or are planning to sell your solar-powered house, contact us for real estate assistance and support!