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Is Solar Right for You?

By
Real Estate Agent with Thrive Homes and Estates

Installing home solar panels can cut your electric bill and shrink your carbon footprint. But the upfront costs of buying and installing a system can be considerable, even with government rebates.  the cost and return from adding solar panels, and whether the home's roof is positioned to benefit from them, are some key factors to examine before making the move.

Those who have a section of roof that faces south with few obstructions, such as tall buildings or trees will benefit the most from installing solar panels.

Once the estimate for how big of a system is needed, an online calculator can be used at to help determine costs and how long it will take to make back the investment. The calculator takes into consideration equipment costs, loan interest rates, tax savings and more.  One example of a calculator.

Government programs can provide significant financial breaks on the system, but these offers frequently change. Read More...

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Comments (3)

Lindsey Hasford
Edina Realty - Elk River, MN
Bringing you home...

I would love to have solar panels. It's something I will one day pursue.

Jan 18, 2012 02:58 PM
Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

That is a great idea and I hope that it saves a lot of money over time. I have looked into them but the cost was too high.

Jan 18, 2012 02:59 PM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

The initial cost can be very high. It might not hurt to search for used equipment, but always do this with an expert to help you. With all the technology that people use today, sometimes you need to have special invertors to run computers and printers. I like using a hybrid system with wind and solar power. This way it's possible to charge power even when the sun isn't shining.

Jan 18, 2012 03:02 PM