Happy Homeowners With Solar Panels

Most lenders will agree a loan on a property with leased solar panels.

Happy homeowners with solar panels. Buying a solar energy system will likely increase your home s value. A recent study found that solar panels are viewed as upgrades just like a renovated kitchen or a finished basement and home buyers across the country have been willing to pay a premium of about 15 000 for a home with an average sized solar array. The good news is solar power has become more accessible to the average consumer and more homeowners are incorporating solar panels into their homes. The happy homeowners now save 2 250 on their electricity bills every year thanks to their new solar panels and will break even on their investment in just five years.

The average cost of a solar panel system for a home in may 2020 is 3 18 per watt making an average 7 kw installed residential solar power system 22 260 before the 26 federal solar tax credit and 16 472 once the tax credit is applied. What does a real solar panel installation look like. Homeowners trapped by 25 year solar panel contracts. The government encourages people to make the switch to solar over traditional electricity because of the green movement that took the world by storm.