It depends on your system size and your energy usage.

Solar installation costs range from $10,000 ro $45,000 before tax credits. Solar panel installations will depend on various factors such as:

• Where you reside
• The type of solar panels
• Number of solar panels
• Incentives available

Homeowners are eligible for the Residential Renewable Energy Tax Credit

Tax credit is available for 30% of qualified expenditures for a solar PV system” the system needs to be installed by December 31, 2032. Please see Energy.gov for more details.

The federal tax credit is a reduction in the amount of taxes that is owed, and is based on the percentage of the cost of your solar energy panel system. This includes inverters, mounting equipment, panels permit fees and installation. Homeowners can claim tax credit on a solar PV system they purchased whether it was paid in full or through financing options.

For a system that was installed in 2022-2032, the federal tax credit is 30% of the cost of the system if all requirements are met. The tax credit will decrease in 2033 to 26%.

Solar panels really do save you money on your energy bills. For those homeowners that install solar panels in 2021 the average savings is about $1,492 per year. This means you can save almost $30,000 in over 20 years. The savings might be higher if the energy costs go up. Through net metering you can save even more since you can sell the extra energy you produce to your power company.

The average US home needs about 20 to 30 solar panels to cover 100% of it’s energy bills. The exact number will depend on a few things such as:

• Type of panels you purchase
• Solar exposure
• Electricity usage

Most people choose to go with monocrystalline silicon solar panels, they are more efficient for residential solar. Once you know how much solar power you want to generate, our solar consultant will provide you with the best solar panels that will work best for your situation.

Newer solar panels last about 20-30 years before there’s a noticeable difference in output. Solar panels usually only come with a 10 year warranty but Sunline Energy offers a 25 year warranty.

If you have an older roof you might want to think about doing a full or partial re-roof. A solar consultant can inspect your roof to make sure it’s in good condition. However, if your roof is good enough, the panels are installed on a racking system, which runs horizontally underneath roof rafters. They help distribute the weight of the panels over your roof.

Solar warranties: are designed to protect the equipment you purchased. However, they will not cover expenses that are considered “acts of God”, extreme weather or accidents. Solar warranties cover performance issues and components.

Service warranty: Also known as workmanship warranty, this warranty will cover any labor-related defects.

Quality solar panels are certified to withstand heavy rains and hail. Many panels can withstand hurricane-force winds up to 140 miles per hour. If any extreme weather causes damage to your solar PV panels, it might be covered by your homeowner insurance policy.

Yes, a solar PV system will increase property value. On average you will see a 3% to 4% increase. Most homeowners will recuperate the cost of the solar power system when their home is sold.

Read our previous blog here