If you’re a homeowner who’s interested in making the switch to solar, you may be wondering when the right time to transition is. While there’s no one correct answer, there are a few things that the right time for you might depend on. Consider these four factors when deciding if it’s your time to install solar panels.
If you’re looking to capitalize on the financial incentive programs that exist for homeowners who install solar, you’ll want to install your solar system sooner rather than later. While state and local incentives are available, the main program is the investment tax credit. Unless Congress renews it once again, the solar investment tax credit (ITC) is only in effect until 2024, and the percentage that homeowners are reimbursed is decreasing each year.
Solar systems are more affordable than ever before, but they’re still a big investment. If you’re someone who’s installing solar panels with the goal of having them pay for themselves over time, be thoughtful about how long you plan to stay in your current home. You can install solar panels on the roof of your starter home, and you’ll get some money back when the system increases the home’s resale value, but keep in mind the 25-year lifespan of solar panels and make sure your timeline and your expectations are realistically aligned.
However, just because you aren’t in your forever home doesn’t mean you can’t switch to solar. With financing options, the home’s new owner can take over payments so they assume possession of the system. This way, you don’t sink money into a system that you don’t get to enjoy and you still add value to your home.
If you’re set on solar and installing solar panels is not a matter of if but when, keep the time of year in mind when scheduling your installation. The sunny summer months are when your panels will produce the most energy and when they can earn you the most in savings. If you can schedule your solar panel installation before the summer hits, or even during the summer season, you’ll get to enjoy an immediate return on your investment in solar panels.
It’s important to work with a solar company that you trust to optimize your home’s energy efficiency and offer you the best deal that they’re able to. If you haven’t yet found a trusted solar installation partner, don’t rush into installing solar. Make sure you research the options available in your area and make a measured choice.
Bright Eye Solar is the premier solar panel installation company servicing Pennsylvania, New Jersey, and Maryland. Our team of solar experts conducts energy audits, consult with homeowners to help them choose the best system for their needs, and provides solar panel installation services. If you’re interested in speaking with a member of our team to get their expert opinion on if it’s the right time for you to switch to solar, get in touch with us. We’d love to hear from you.
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Thanks to solar financing assistance programs and these three other factors, solar energy is more accessible than ever before.
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If you are ready to take care of your future energy costs and supply, contact us for a quick chat about your location to see if solar power is right for you