Deciding If Solar Energy Is Right For You And Your Home Solar energy panels outfitted on your home can provide you and your family with many benefits. Aside from savings on monthly energy expenses, using solar energy provides a sense of worth and responsibility in the positive effect it has on the environment. There are, unfortunately, some drawbacks to solar energy as well. The most notable drawback, of course, is the initial expense to have your home outfitted with solar energy. In some cases, solar panels can be very expensive. Given these pluses and minuses, you should do a thoughtful analysis to decide whether solar energy is right for you.
The first step towards calculating a thoughtful analysis is to calculate your home's energy consumption. You can accomplish this by looking over your electricity bills for the last year. Add up the number of kilowatt hours you used for the entire year and then divide by 12. This will give you your monthly electricity consumption. The reason that you do it by kilowatt hour instead of money spent is that the charge for electricity changes from year to year. You will want to apply the rate for the coming year to your analysis.
Once you have determined the consumption of your home, you can begin researching the incentives, grants and tax credits that you may qualify for. There are several helpful resources for this endeavor. First, check with your local utility company. Their web site usually has information about possible grants available from them and tax credits from state and federal authorities. You can also call your local utility company and speak to a representative that can help you through the process. Also, ask your contractor if they would be able to help you with the process.
There are further considerations to the decision than the financial. The impact you have on the environment is very important to many people. You have to decide how important reducing your carbon footprint is to you. If this is important, it may sway you to engage in an expense justified by the positive impact on the environment.
Before you engage in installing the solar panels, you need to ensure that you have sufficient funds to complete the project. A half installed solar panel is of little or no use to you. Also, keep in mind that many tax credits do not get to you until you complete your tax return, so you may have to fund you entire investment until you receive payment.
Once you have completed your analysis, talk the decision over with your family. Have an open discussion about the benefits and pitfalls, and about the sacrifices the family may have to make to install solar panels.
Installing solar panels on your home not only will pay off over the long term, it will drastically reduce your carbon footprint for years to come. By considering the factors from this article, you can decide whether you can afford solar panels and if the cost is justified by the benefits. Click here for more information