Buying solar panels for your roof. In his YouTube video, “How Long Does it Take to Save Money With Solar Panels,” the Electric Viking answers that question. Although switching to solar paneling is costly, it’s environmentally friendly. It’s also an investment in your home’s future.
Decreased Costs
The video explains the amount of time it takes to see a return on your investment varies by area. He further explains while solar paneling was more expensive ten years ago, solar roofs have become efficient and less costly. Currently, solar paneling costs less in Australia than in the United States.
Homeowners with solar paneling wonder how long it’ll be until they see a “payback:” (when they’re no longer paying for the paneling and seeing a lower energy bill.) The video estimates at current prices, U.S. homes see a payback in six or twelve years. This average is influenced by whether the house faces the sun, and how much energy is used.
State Incentives
Some states provide incentives to homeowners who install solar panels. There are also Federal tax benefits. These monetary gains decrease the period before a “payback.”
Before getting solar panels, ask the contractor for a quote. If you own solar panels, look at your roof at noon. If trees block the sun from your roof, trim the branches to get maximum sun exposure.
