The Benefits of Rooftop Solar and How to Make the Most of Your Installation

The Benefits of Rooftop Solar and How to Make the Most of Your Installation


The world is changing, and so should our energy sources. Rooftop solar is one of the best and most sustainable renewable energies today. It's a way to harness the sun's natural energy and create electricity from it. Installing solar panels on your roof has a ton of benefits, from reducing energy costs to decreasing the carbon footprint. If you’re interested in making the switch to solar energy but don't know where to start, this guide will help you weigh the benefits, understand the costs, and make informed decisions.

Savings on Rooftop Solar Installation:

One of the best benefits of installing rooftop solar is the savings on installation. You can save on both upfront installation costs and monthly energy bills. Net billing is an initiative that allows you to earn credits for electricity generated by your solar panels that's not used immediately. Those credits can be rolled over to your next bill to reduce your energy costs. You can also take advantage of the federal tax credit, which will offset a portion of the installation cost. According to EnergySage, "The federal solar investment tax credit (ITC) allows you to deduct 26 percent of the cost of your solar energy system from your federal taxes."

Financing and Power Purchase Agreements:

If you're not able to pay for your system upfront or get a loan from your bank, you can opt to finance your system through the solar company or work with a Power Purchase Agreement (PPA). A PPA allows you to pay for the electricity produced by your solar system, rather than paying for the installation upfront. The monthly payment amounts can be flexible and usually lower than your previous monthly energy bill.

Battery Energy Storage as an Option:

Battery energy storage is an increasingly popular option for many homeowners installing solar panels. It allows you to store the excess energy that your solar panels produce during the day for use in the evenings or during power outages. They can act as a backup power supply when the grid goes down or when electricity prices surge during peak hours. Battery energy storage is an additional investment, but it's worth considering for homeowners who want to diversify their energy options.

Important Factors to Consider Before Signing a Contract:

Before signing any agreement, it's crucial to review the solar installer's credentials and warranties. Check if their license and insurance are valid and sufficient for your system's size. Check if they offer a warranty for the solar equipment and the system's installation. Determine the size of the system necessary for your energy needs, and ensure that the agreements are in writing and transparent.

Watch Out for False Promises of "Free" Money with Solar Installation:

Some companies may advertise "free" or "no-cost" solar installation, but that's not exactly true. Most likely, they'll add the costs to your monthly energy bills or use a PPA system. Always read the fine print and do the math for the possible monthly payments before committing. Remember, the benefits of installing solar panels outweigh the potential expenses with power bills and installation costs.

California's Three-Day Rescission Period After Signing Contracts:

California law states that a customer must have three business days to change their mind after signing a contract with any solar installer. Take advantage of this rescission period to review the agreement, ask questions, and consult lawyers if necessary. Read the agreement carefully, and if you're not comfortable, cancel the contract in writing within the stated period.

Conclusion:

Installing rooftop solar is a smart investment in the long term. It provides savings on energy bills, reduces your carbon footprint, and increases home values. With the federal tax credit, net billing, and PPA and financing options, rooftop solar has become more affordable for many homeowners. It's essential to determine your energy needs, review the solar company's credentials and warranties, and read the agreement's fine print before signing a contract. Don't fall for companies that promise "free" solar installation; those costs may end up being added to your monthly energy bills or use a PPA system. Take advantage of California's three-day rescission period to review the agreement, ask questions, and consult professionals if necessary. Rooftop solar is the way to go!