If you are like most people, buying a home is likely to be the most important investment in your life. Such an investment requires careful research and planning. If you have already made the purchase of a home, you may be considering ways to maximize and protect your investment. One of the more popular and lucrative ways to maximize your investment is the installation of a solar panel system. The addition of a solar panel system to a home can add as much as $15,000 to the value of that property. Residents of the property will continue to enjoy the rewards of a reduced electricity bill, with the potential of a net-zero bill, or possibly even a check from the local power company for electricity generated being returned to the grid.
Before You Choose- How do Solar Systems Work?
A solar energy system operates by collecting available sunlight through photovoltaic cells in panels usually installed on the roof of a house or building. These panels convert sunlight to electricity and transfer it to batteries that store it either for use on premises or transfer it to a conversion box which returns it to the local power grid, often for a check from the power company.
How high are your utility bills?
If you live in a part of the country with lower-than-average utility bills, the investment in a solar power system may not make sense for you. The initial startup cost may not be offset by a significant enough savings in power bills over time.
Where do you live?
If your home is located in an area of the country with limited sunlight, or if your home is situated in an area of heavy shadows from tall buildings or trees, solar may not be the best solution. Warm weather is not a prerequisite- solar systems often function well in cooler weather.
Do you qualify for incentive programs?
One of the primary advantages of installing a solar panel system on your property is a 26% federal tax credit on the cost of materials and labor. Property owners can subtract the credited amount from their federal income tax statement. This could result in a tax savings of 26%.
Does the surface of your roof face South or West?
Roof surfaces with southerly or western exposure are ideal for solar installation. This prolonged exposure to sunlight helps to maximize the efficiency of your solar system.
What is the square footage of your roof?
Solar systems require the highest amount of panel coverage possible to operate at top efficiency. Roofs that are interrupted by chimneys, vents, and skylights prevent the optimum concentration of solar panels.
Determine Your Savings by Going Solar
You may be surprised to learn that based on data from the Solar Industry Industries Association https://seia.org/us-solar-market-insight Virginia is in the Top Ten states for solar with over 3,400 megawatts of electricity generated by the third quarter of 2021.
If you are considering installing a solar electric system on your home or property, or wish to install a solar panel system in Norfolk VA, a home solar panel system in Virginia Beach, or are considering residential solar financing in Chesapeake, VA, now is the time to contact Expert Solar Pros for a professional evaluation and estimate for your property.
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Looking for solar installation services in Virginia Beach, Chesapeake, and Norfolk? Give us a call at 757-988-7777 today! Our experienced team is ready to help you with the Federal Tax Credit and guide you through our low-interest financing option.