FAQ
Frequently Asked Questions
Everything You Need to Know About Solar Energy
With solar panels, unlike many Investments, you can be assured you will see a return. In 2019, the average American family spent $1,400 on electricity. Using solar panels to produce your energy, you can lower your electric bill, or possibly eliminate it. While income may be more or less set, most expenses are not. The costs of electricity increased by 30% between 2010 and 2020, according to the U.S. Energy Administration. And the prices are likely to continue rising. With most solar systems, it takes 8-12 years to recover the initial money spent. For the remaining 15 or more years; you’re putting the majority of your electric costs back into your pocket.
Homes with solar energy systems can help increase both ease of resale and property value.
- Reference: https://www.reenergizeco.com/blog/solar-panels-increase-home-value/
- Reference: https://www.reenergizeco.com/blog/benefits-of-solar-power-colorado/
Net metering is how your Utility Company keeps track of your electricity usage, and if/when your System solar produces more electricity than you use. The credit will then be applied back to you, at times when you use more electricity than your Solar Panels produce. Net metering policies may be different between cities, states or even utility companies. Some companies may offer the option of paying you a check at years end. And some companies, if they are very small, may not support net metering. So be sure to check.
The chances of hail damaging solar panels is very slim. Chances are you roof will receive damage before the panels do. In the remote chance that hail does damage your solar panels, most home insurance policies cover that damage and also the cost to remove and replace your panels if roof damage has occurred.
Solar panels do not damage your roof when installed properly by a licensed and qualified professional and your roof is in good condition.
Solar panel warranty is typically 25 to 30 years. This commonly guarantees that the production of the panels will not drop below a specified percentage of degradation. The warranty protects you from any material or workmanship defects. Installation warranty may vary based on the installer.
Solar Energy Systems save money on your electric bill and protect against rising electricity rates in the future. Savings can vary, depending on utility rates, local policies and various Incentives; however, going solar is a great investment regardless where you live.