Thinking of installing solar panels on your roof to cut your energy bill?
You’re not alone. In 2019 alone, there were 2 million solar panel installations in the U.S., according to PV Magazine.
But is it a good idea to install solar panels on YOUR home in Bradenton or Sarasota?
We’ve been in the real estate business in Bradenton for quite some time and have seen many trends come and go. Solar panels and the use of renewable energy to power homes are trends likely to increase in popularity as technology becomes more efficient and affordable.
However, there are some important factors to consider:
- Cost — Solar panels and installation are not cheap. The average homeowner can expect to spend about $15,000 to $20,000 to get solar panels installed.
- Sun Exposure — Your location, roof angle, and roof material will all impact the efficiency of your solar panels. Visit solarreviews.com/solar-calculator to enter your address and get a better idea of how many solar panels you need and how much you can save on your electric bill.
- Consider Your Electric Bill — Solar panels don’t pay for themselves overnight. They save you money on your electric bill every month, gradually recouping the initial investment. Review your electric bill and consider how long you plan to stay in your house. Solar panels are a long-term investment, not a short-term one.
Hope that helps!
And if you or someone you know wants to sell a property fast for cash, give us a call at 941-300-6090. We can make a fair cash offer, close in as little as two weeks, and pay all closing costs!