Solar remains one of the fastest growing renewable energy sources, with over 514,000 new PV systems installed in the U.S. alone in 2021. But does that mean that solar panels are a good option for your home? Although they are increasing in popularity as the technology becomes more efficient and affordable, there are still some things to think about before jumping on the solar energy trend. So, here are 3 things to consider before installing solar panels so you can make the best-informed decision for your property.

1. Cost
Even though solar panels have become more affordable and accessible over the past few years, they are still quite an investment. Not only do you need to purchase the panels themselves, but you’ll also need to pay for professional installation to ensure they are optimally placed and secured. This means that the average homeowner can expect to spend about $15,000 to $20,000 to get solar panels installed. For some, this might be a worthwhile investment since electricity bills are on the rise, but for others, they might decide that the investment is not worth the return at this time.

2. Sun Exposure
Something else to consider before installing solar panels is how much sun exposure your property has to be able to utilize the solar energy effectively. Your location, the angle of your roof, and even your roof material will all impact your solar panels’ efficiency. Therefore, before you jump into this investment, you need to ensure that you’ll be able to harness enough energy based on your property’s configuration. There’s a helpful calculation tool on the website solarreviews.com/solar-calculator where you can enter your address and get more information on how many solar panels you may need as well as how much you stand to save on your monthly electricity bill.

3. Consider Your Electricity Bill
As we’ve mentioned above, you’ll need to decide if this investment is worth it for your property or not before going ahead with the installation. Solar panels don’t pay for themselves overnight; rather, you can look at them as a long-term investment since they will save you money on your electricity bill every month and slowly recoup the initial investment. So, look at your electricity bill and consider how long you want to live in your house. If you envision your family living there for many years to come, investing in solar panel installation can save you money down the road on your electricity bill.

Final Thoughts
Ultimately, before committing to solar panel installation in your home, you’ll want to review this list of potential pain points we’ve identified and see if it’s the right choice. You can also consult with an expert to help you make your decision based on the factors we’ve identified above – cost, sun exposure, and your current electricity bill.

However, if you’re not living in your forever home and are looking to sell your property fast for cash, call us at (904) 342-3216. We can make a fair cash offer, close in as little as two weeks, and pay all closing costs!