Many people assume that Solar Panels Perth reduces their energy bill by half or more. But the reality is, it may not be as simple as that. Even with a generous 10% federal tax credit, a standard residential solar PV system would cost an average American household $2,100 per year. That’s on top of the expensive upfront costs and maintenance that must be paid for over the life of the system. To get a better idea of how much your energy bill might be reduced by going green, check out our guide to solar panel savings and see if you qualify for any help.
- Is Your Energy Bill High?
A high energy bill is often a sign that there is a large energy efficiency fail in your home, or a big energy inefficient equipment in your house. If your bill is regularly double or triple what it should be, it’s probably due to poor energy efficiency. In this case, you could either pay a contractor to correct the problem or call us to help you find the cause. Luckily, most large-scale home energy efficiency projects start at about $800. If your bill is $300 or $400 less than it should be, it may be that your energy efficiency is still below average. In this case, we’d recommend speaking to your home energy efficiency contractor to see what could be improving your bill.
- Does Your Home Have High Wind Resistance?
A solar panel system that isn’t wired to handle high winds will fail quickly and inefficiently. Fortunately, most homeowners don’t need a high wind rating for a solar system to work well. Strong, steady winds up to about 10 MPH (16 kph) are more than sufficient to push an electrician’s tape across a connection. Wind speeds around 20 MPH (32 kph) are considered strong enough to be a problem for even the most efficient solar panels. Installing a well-designed, wired system can reduce the risk of electric shock by up to 50%. Wind resistance is one of the most important factors when designing a solar panel system.
- Does Your Home Have A Solar Panels Are You Getting A Tax Credit?
If you bought a home with solar panels on the roof, you’ll likely be eligible for a federal tax credit of 30-40%. Depending on your income and other factors, you could potentially reduce your tax bill by up to 50%. The best way to choose which federal tax credits to apply for is by talking to your tax advisor. If you bought a home with solar panels, you’ll need to file a homebuyers’ report with the local government agency that regulates real estate. Once that’s finished, you can search for the “solar energy tax credit” in your state and the corresponding income limits that apply to see if you qualify for any help.
Should You Install More Solar Panels?
If you’re saving for a major renovation or want to add more solar panels to your existing system, now is the time. The approximate cost of a solar panel system is going down each year, making them increasingly attractive as a long-term investment. And with no significant upfront costs, they have little or no maintenance over the life of the panels. If you have the money saved up, we recommend installing more panels. It doesn’t make sense to skimp on safety or cost when it comes to building a solar system.
You should strongly consider investing in a properly designed and build a solar system that has been approved by a qualified professional. This will likely be more expensive upfront but will pay for itself over the long term. If you’re on a very limited budget, consider using a combination of cash and savings to pay for your panels. If you have plenty of extra cash, consider installing a direct payment system like Swiffer dividends or investing in a small business.
Conclusion:
If you’re saving for a major renovation or want to add more solar panels to your existing system, now is the time. The approximate cost of a Solar Power Perth is going down each year, making them increasingly attractive as a long-term investment. And with no significant upfront costs, they have little or no maintenance over the life of the panels. If you have the money saved up, we recommend installing more panels. It doesn’t make sense to skimp on safety or cost when it comes to building a solar system.
You should strongly consider investing in a properly designed and build a solar system that has been approved by a qualified professional. This will likely be more expensive upfront but will pay for itself over the long term. If you’re on a very limited budget, consider using a combination of cash and savings to pay for your panels.
