Are solar panel installations actually worth it?

Solar panel installation companies make it sound so straightforward, but the revelation is, whether solar is a smart long-term investment for you depends on a few major factors. So before you buy into the hype, we recommend you use this simple guide to cut through the sales jargon and determine if solar panels are actually worth the money. Every solar panel installation company has a variety of the same sales delivery, “did you know going solar can save thousands of dollars?”

As you start traveling your solar panel installation options, there are a few questions you can ask to help circumscribe whether solar makes sense, including:

How much do you currently pay for electricity without a solar-powered home?

In other parts of the world, you can pay as small as 8 cents per kWh; in others, you’ll pay 20 cents or extra. Your contemporary electricity bill is the largest factor in determining how much you’ll save by installing solar. You pay your utility company for every kilowatt-hour (kWh) of electricity you use, and your rate varies significantly depending on where you live.

When you go solar, you definitely install a mini power plant on your roof to replace the power plant where your utility gets its electricity. That means homeowners with high electricity rates from their utility are the ones who save the most when they switch to home solar power.

If you’re just learning and aren’t sure how much solar can save you, start out by using an online Solar Calculator. Hahasmart’s calculator includes local electricity rate data to give you a customized appraisal of what you can expect to save, and just how quickly your investment will pay off.

How much does the typical solar panel installation cost?

Solar panel Installation prices will vary significantly depending on the solar company you choose and the equipment you install. While cheap solar panels might feel like the easiest way to save some cash, your total 20-year savings will often be higher if you invest in high-quality equipment. It’s worth taking some time to review all of your equipment options and find the right combination of price and essence for your home. You can use an online solar marketplace likeHahasmart to easily compare all of your offers in one place, the same way you’d shop for a flight online.

Don’t forget to investigate the solar considerations and rebates available where you live: they can reduce your net cost by 50 percent or even more. The federal government offers a 30 percent solar tax credit, and many states and municipalities have additional financial reasons for their residents. Some utilities even offer cash rebates to their consumers to encourage them to go solar.

If you want to move into the future and join the solar revolution, or if you want to find out what solar panels are right for you, go to HahaSmart.com and try our price checker tool. You can see how much a system will cost, and how much you can save over the next 
20 years. 

For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles.