You might be considering a home renovation project for a number of reasons. Perhaps, you want to sell it? Or you’re interested in just changing the outlook of your home? Yet, you might just want to save cost on certain things. At Elite Home Remodeling Group, we have what it takes to provide you with solar installation services that achieve all your heart desire.
Elite Remodeling Group can help you actualize your energy-efficiency dreams. We just want you to have everything set up properly to avoid any form of issues in the future. Before we take up a solar installation project, we consider the following factors.
Why Should You Switch to Solar Power?
One of the widely-circulated reports is that of Lawrence Berkeley National Laboratory, affiliated with the US. Department of Energy, which analyzed the sales of solar PV homes in 8 different states. On the average, it was observed that homebuyers are willing to pay premiums of $4 per watt of capacity. This translates to $24,000 for a 6 kW home with PV.
It's a Great Return on Investment
EnergySage released a data and it was shown that the average cost of installation is $3.70 per Watt. Meaning that $24,000 is needed to install a 6-kilowatt system. But considering the rebates and other subsidies, this amount can come down to $15,000. But then, the resale value being $24,000 will cause you to enjoy a 154.4% ROI.
Can Your Roof Support the Solar Panel?
We have to assess the irradiation of the roof. How much solar energy does it receive? This is a very important factor to assess, especially when you want to calculate the ROI. There’s no point installing a solar panel when there’s no sun to power it.
Are You Leasing or Buying the Solar Panels?
If you buy the components, it means that you own it for life and then you can even connect it to the grid and sell electricity, using the profits to offset the exorbitant installation cost. The process of selling back electricity to the grid is known as inet metering. This, as well as the rebates, tax breaks, and subsidies you get, are incentives for getting sustainable home renovation services.