Solar power is, of course, worth it for the good it does for the planet. If you’re thinking about changing to a utility company that supplies solar power or installing your own solar panels, however, there are a few things you should consider.
- Do I plan to be in the property for the next 15+ years to make the installation worth it?
- Will solar powers enhance or ruin the beauty of my home? While modern homes suit solar panels, historical homes don’t.
- How much do I pay for electricity? The average cost of electricity is Rs. 9552 a month – that means that if you get the average cost of a solar installation (Rs.9,55,259), it will take you 100 months to pay off the panels before you actively start to save money on your bills. It’s also worth noting that if you use more than what your solar panel(s) produce, you’ll have to pay for that additional energy use.
- How much does the solar panel cost? Installations in different parts of the country will cost a different amount, so get a quote for how much an installation for your panel(s) would cost and use that to calculate if you’ll actually save money in the long term.
- How do I plan to finance my solar panel system? If you’ve had a windfall it may be the right decision, but if you’re paying it off for the next 10 years, you’re essentially replacing your electricity bill with another.
- Is you home positioned in a way where you’ll get the most for them? If you live in a heavily wooded part of up-state New York, you will find that you simply won’t get as much from your solar panel as someone living in Arizona or Nevada.