Tackling Common Concerns about Renewable Energy

There is no disputing that investing in solar panels is a big step in homeownership. It’s natural to have some concerns that might be weighing on your decision. Renewable energy is still a relatively new idea for many people. But, the reality is that the value of solar is clear when you take a close look at the facts.

Here are some of the most common concerns that we hear from homeowners who are considering going solar.

Solar is too expensive.

The truth of the matter is that solar continues to become more affordable. In fact, the cost of residential solar has dropped up to 70 percent in the last ten years and continues to get more affordable.
The installation process is too extensive.
After meeting with your installer for a site visit and planning, the actual installation of a home solar system is relatively quick. In fact, you can be up and running in a matter of a few days.

The tax credits are too complicated to take advantage of.

Actually, the major tax credit associated with purchasing solar panels for your home is very simple and valuable. Known as the federal investment tax credit (ITC), the credit is equal to 30 percent of the total cost of your system. You may also benefit from additional tax breaks, solar programs and rebates to make going solar even more affordable.

Solar doesn’t make sense if I’m going to move in the next decade.

Many homeowners worry about what happens to their solar panels if and when they move. It’s true that most solar panel systems last for 25 to 30 years. However, even if you don’t plan to stay in your home for that length of time, you can still profit from the panels because they increase the value of your property. Many homebuyers are thrilled to purchase a home with the added benefit of no electricity bills and will pay a premium for it.

What is the real percentage of a home that can be powered by solar?

In many cases, the answer is 100 percent. However, it’s not realistic to always expect that level of production all day, every day. Yet, with the benefits of net metering, even when your solar panels aren’t functioning at full capacity (like during cloudy days), you can benefit from solar.

Want to learn more about how renewable energy can work for you? Call Cool Blew Solar today.

FAQ's

Is Solar Energy Expensive?

The size of your panel installation and the needs of your home will affect your costs. The average net cost of a 5.69kW system is $13,838 cash after 30% rebate (according to solar-estimate.org). An average-sized system can cost up to $35,000. Larger installations will require more hardware, planning and construction time. This can further increase costs. While solar panels are expensive, they have many distinct benefits. Cool Blew Electric & Solar’s experts can assess your situation and goals and recommend a cost-effective system to meet your needs.

How Much Can I Save By Installing Solar Panels?

An average-sized system (5 kilowatts) can reduce up to 50% of your monthly electricity bill. A 5.69kW system would offset 100% of your energy usage if your typical monthly bill is $138. Over a period of 20 years, these savings can add up to $30,000, based on your location and energy usage.

How Long Would It Take to Recoup My Solar Investment by Solar Energy Savings?

With a 5.69kW Solar system you would recoup your savings in 7 years and 2 months but with continuous Utility increases every year your Return and Investment will be much sooner.

What is a Solar Lease Program?

The Solar Lease Program has been one the most popular option that homeowners have chosen over the years. Solar Lease programs gives homeowners the opportunity to take advantage and put Solar on their homes and a guaranteed savings from their Utility for little to no money out of pocket. Most Leases are 20 year power guarantee from the solar provider and includes fixed monthly payments, no repair cost, fully insured and warrantied for the life of the system.

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