The answer to the question, how long does it take for your solar panels to pay for themselves, will also go a long way in answering the question, are solar panels worth it? The estimated time it takes to get your solar panel ROI is between five to ten years.
The Variables of Solar Panel ROI
Many variables will help to determine your solar panel ROI. In addition to natural factors such as location and amount of sun or number of panels installed, there are other variables to consider. These include grant programs, tax incentives, and rebate programs.
Grants are monies offered to residents to use for the installation of solar systems. These funds are typically offered through your local government agencies where available. Tax incentives are another potential factor in getting a quicker return on your solar panel investment.
Rebate programs are also government-sponsored programs used to encourage homeowners to install solar systems. You should check with your local energy provider or government agency to inquire about signing up.
Are Solar Panels Worth It?
Your solar panel ROI isn't the only factor to consider when deciding if solar panels are worth installing. A few of the benefits of solar systems include earning money by selling back the energy to your energy provider.
The benefits and answer to the question, are solar panels worth it, also goes beyond mere dollars and cents. In years past, solar panels may have appeared unattractive or even cumbersome. Today, solar panels are more aesthetically pleasing and often add a modern or sleek appearance to homes.
For those concerned about the environment, solar panels also provide the cleanest source of energy available. In fact, solar energy emits no greenhouse gases - as in zero.
Thinking About Going Solar?
There are many benefits and reasons to consider going solar and taking advantage of solar energy. At Transform Energy, we offer full-service solar energy storage, and we operate as an O&M provider. Serving those in the greater northern California region, we make solar available with solar solutions for everyone.
If you would like to learn more about the benefits of solar systems, then contact us at Transform Energy today. From your return on investment to the quality of the type of energy you choose, it is difficult to match the value of using solar energy.