Homes are worth more with a residential solar system

Most times when you improve the interior of your home you help retain or increase its value. If you add solar panels on your home, it will increase the home's value, plus solar panels save you money each month as your electric bill drops.

Installing solar panels is like a long-term investment to modernize and increase the value of a home, and not just a way to get free power, although eventually, the free power does come.
 

Many factors to consider in the cost of solar panels 

There are many factors to think about when figuring the cost of solar panels in your home, but the three things we know for sure is that installing solar panels will increase its value, those solar panels will pay for themselves in a few years, and they save you hundreds of dollars a month on your electric bill.
 

Over time, solar savings increase year after year

It is hard to say exactly how fast the return happens because there are so many factors to think about when installing solar panels beyond the size of the home and how many people are using the electricity, but for most people in the US, the payback is between four and a half years and seven years. 
 

Factors that influence the solar panel payoff

Some of the factors that affect solar panel efficiency include the amount of direct sunlight the home receives, cloud cover, temperature, and weather. Someone who lives in a cloudy climate with snow in the winter is going to get a different output with the same solar panels than a person in a warm sunny climate. Someone in a colder cloudy climate is going to need more panels than the person in the sunny climate to get the same energy output.

On the other side, if it is 100 degrees out and the homeowner uses the air conditioning all day, while heating a pool, and leaving the television and lights on all the time, they are going to need more solar panels than people who use less energy.

Other factors like whether your state participates in net-metering and the rate at which they buy back power will influence how fast your solar panels pay themselves off, as well as how you paid for them. If you received a home improvement loan to pay for the panels, then you have to add the interest rate, and how long it will take with the added interest.

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.