Is a home solar energy system a good option?

A home solar energy system is one of the most popular and efficient alternatives to traditional power sources. Solar panels have many environmental benefits and can save homeowners money over the long term. While costs have decreased over the past years, installing and maintaining solar panels can still be expensive.

Do solar panels increase home value?

In many cases, solar panels can increase your home’s value. While they require substantial upfront costs, solar panels can increase your home’s value by about 4%, according to Zillow. Some research has also shown that homes that have solar panels tend to sell faster than those without them.

Are solar panels worth it?

Solar panels are worth it if you already own your property, are dealing with high energy bills and can get solar panels installed that don’t come with a huge price tag. It’s even more worth it when you can take advantage of tax credits, incentives and rebates.

How much does a solar system cost?

If you just need a few panels for a small do-it-yourself solar project, expect to pay around $200 to $350 per panel (between $0.80 and $1.40 per watt). Note: The table below doesn’t include the cost of a solar storage battery, which can add anywhere from $7,000 to $18,000 to your total solar system costs.

Will installing solar panels save you money on your energy bill?

Ultimately, the amount you could save on your energy bill after installing solar panels depends on the following:

How much does a solar system save on energy costs?

On average, homeowners with a complete solar system save $41,000 to $62,000 on total avoided energy costs over 25 years. It all depends on what your local utility charges for electricity, according to Robert Flores, a solar expert at The University of California, Irvine’s Clean Energy Institute.