The cost of installing solar panels on a home has dropped dramatically over the past decade. Is it time for your home to run on sunshine? Here are some pros and cons to consider.
1. Pro: Demolish your electric bills
Obviously by capturing free energy from the sun, you’ll pay less in your utility bill.
2. Con: Upfront cost
While installation and materials are more affordable than ever, it might take up to seven years for the system to pay for itself through the money you save. Fortunately, there are considerable tax breaks, rebates and solar-specific loans available to help homeowners get started.
3. Pro: Save the planet
Generating energy from fossil fuels emits harmful carbon dioxide and methane that contributes to global warming – using solar panels for power does not. And unlike other energy sources, solar power doesn’t require water to process.
4. Con: Doesn’t work for every roof
Some roofing materials used in older homes, like slate or cedar tiles, make it difficult for installing panels.
5. Pro: May increase your home’s value
Solar panels can increase the value of your home, according to research from the Lawrence Berkeley National Laboratory, part of the Department of Energy.
6. Con: Maintenance costs
Insurance, cleaning, repairs. As with anything, solar panels come with their own additional costs.
If you’re looking to relocate to a state with a sunnier disposition, an experienced real estate agent can help. Find one on www.remax-kenya.co.ke