The costs for electricity and other forms of energy are on the rise as of 2018 while the price of Solar power and panels is dropping, making many homeowners to consider this switch. However many homeowners wonder if the savings, in the long run, are worth it or not.
Consider the following information in regards to the cost, efficiency, incentives and more that are associated with installing home solar power systems to help anyone decide if it’s the right choice for them.
- Life Span
The first and the foremost reason for investing in home Solar Systems is its lifespan. Due to the big lifespan, the total cost of the home solar system gets divided. Rooftop home solar systems last up to 30 years at least and are usually guaranteed to run at almost full efficiency for 10 years, and around 80 % for 25 years.
- Overall Costs
The costs associated with the rooftop home solar system have gone down drastically due to the decline in the price of photovoltaic panels. Furthermore, the labour costs and the costs associated with inspections have also gone down.
- Installation
The cost of installation has dropped by over 50% since 2008, making it much more affordable for homeowners. However, it still remains to be seen if a home solar system is practical for all. Some of the considerations include:
- Hours of direct sunlight each day
- The size of the home solar system
- Local permit requirements
- Cost to Operate and maintain
A home solar system does not require much maintenance aside from the yearly inspections and cleaning of solar panels every week, depending upon the density of dust and the area. This can be accomplished using a garden hose also.
- Incentive and subsidy
Tax incentives and subsidies greatly reduce the expense of switching to a rooftop home solar system. Currently, MNRE has a 30% subsidy on the cost of the system. This might change in the future but chances are, there will always be a credit of some kind as the country continues to encourage the growth of solar power. Many states also give tax incentives, grants, rebates and a variety of other programs to promote solar. It seems as though since the cost of the home solar system is lowering, so are the associated incentives.
- Increase a home’s value
Solar power has become a great asset for homeowners. Studies continue to show that rooftop home solar systems add on an average about 15-20% to a home’s sale price.
Is solar a good choice?
The question remains if installing a home solar system would be worth the cost or not. There are many factors that come into play with this decision. There are environmental and social values that come along with these systems that help those who are pursuing the use of green energy.
Ujaas Home has been offering solar solutions, installation and advice to Indian residents. Let them show you the value and quality of their home solar system, by which they will help you go green, and save money too! They are dedicated to providing the best service possible at all times, which is why the company continues to grow and thrive.
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This post first appeared on Indian Energy Scenario – A Solar Future, please read the originial post: here
