Why Solar Power is a Good Investment for Your Home

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Solar power is a popular investment for homeowners in North and South Carolina that saves money on energy bills, protects the environment, and offers tax credits to offset the cost of installation. With so many benefits of solar panels, it’s hard to find a reason why you wouldn’t want to make the switch to clean energy!

What Other Purchase Pays You Back?

Solar panels pay for themselves over time. You will not only save money on energy costs for years to come, but you will also increase your home’s value. There are also solar tax credits and incentives that help reduce the initial cost of the system design and installation. This reduces the overall cost of the system, meaning you’ll see those savings in your pocket even sooner! We’ll talk about one such tax incentive near the end of this post.

How much you save on your annual household energy bills can vary. It will be based on how much power your system is able to generate, how much you currently pay for electricity, and how much your utility will pay you for power that you generate with your new solar system.

Start With a Properly Designed Residential Solar Power System

Of course, the efficiency of your solar power system will only be as strong as the installation itself. There are a number of considerations when it comes to installing your system:

Sizing to Physical Space

If you are thinking about installing a solar power system at your home, one of the first things you must consider is how much physical space your system will take up. The size of a solar panel, among other factors, influences the amount of electricity that is generated, and the amount of space that you have available influences the number of panels you can install. This is true for both roof-mounted solar panels as well as ground-mounted solar panels.

Designing for Optimal Tilt, Shading, and Orientation

Tilt and shading are two of the factors that greatly affect the amount of electricity generated by your solar panels. Tilt refers to the angle of the solar panels which impacts how much direct sunlight the panel has access to on a daily basis. For optimal production, the tilt of panels is tied to their degrees of latitude. Shading is what happens when trees or structures obstruct direct exposure of the solar panels to sunlight.

Orientation also plays an important role in the efficiency of your solar panels. For the best results, solar panels should be oriented towards the south. This is because the sun is always in the southern half of the sky in the northern hemisphere.

Utilizing High-Quality Components

Not all solar power systems are created equal. Solar panels vary in terms of efficiency, quality, and durability. Solar panel manufacturers utilize different production methods which can affect the performance of your solar system. At Renewable Energy Design Group, we use only high-quality, professionally installed solar power systems to maximize energy production and, in turn, maximize our clients’ investments. 

Contracting Installation with a Licensed, Insured, NABCEP-certified Tteam

We strive for clients who are 100% confident in our work. With this in mind, all of our team members are trained and fully insured so you don’t need to worry about a thing! In addition to our electrical and general contractor licenses in NC and SC, we are also proud to have NABCEP certifications (North American Board of Certified Energy Practitioners). NABCEP Certification is the ultimate validation of experience and knowledge in the growing solar industry.

Ensuring that your system is properly designed for your business or residence, built from the highest grade of materials, and installed by trusted local experts is crucial to getting the most of your investment.

Investing with Confidence

We often get asked about the payback period, or how long it takes to “break-even” on a solar energy investment.

While our customers in North Carolina and South Carolina can expect to recoup their solar system investment within 8-10 years, what’s more impressive is the 8-10% return on investment (ROI). Going solar isn’t just a purchase; it is an investment that actually pays you back with time. After the break-even point, solar energy systems continue to generate savings for decades to come!

Trusting 25-Year Warranties

Our panels typically carry 25-year manufacturers’ production warranties. This means that the efficiency with which the panels generate energy is warrantied over the course of two-and-a-half decades! It’s important to note that many solar systems outlast their warranties, with many solar systems installed more than 30 years ago still going strong. Our company utilizes only the highest quality solar components available and works with financially sound manufacturers so you can have confidence in these guarantees.

Taking Advantage of Available Tax Credits

Residential renewable energy tax credits are available. Taxpaying home and business owners may claim up to a 26% credit for their solar panel systems. The maximum allowable credit is 26% for systems placed in service after 12/31/2019 and before 01/01/2023. Learn more about the tax credits.

Making a Wise Investment with Solar

Now is an excellent time to consider a system for your home or business. As the leading solar contractor in North Carolina and South Carolina, Renewable Energy Design Group is dedicated to promoting renewable energy and exceeding our clients’ expectations. We can help you evaluate all the variables to determine the best system for you and your residence. Request a free consultation online or call 877-520-SOLAR to speak with one of our experts.