Solar Panel Pros and Cons – Are Solar Panels Worth the Cost?

If you are one of the many homeowners considering the installation of solar panels on your home’s rooftop, then undoubtedly one of the burning questions on your mind is whether the pros of solar energy outweigh the cons when it comes to residential solar powers systems for homes.

A new asphalt shingle roof with PV solar panels

Let’s examine the main benefits and drawbacks of solar energy systems to help you make a well-informed decision:

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Federal Solar Investment Tax Credits – All You Need to Know in 2021!

Federal tax credits for the installation of solar power equipment remain in effect, and there is significant money to be saved.

This guide to the Federal solar investment tax credits gives you what, how, and how much can be saved when you install solar electric panels or BiPV solar tiles aka solar photovoltaics or a solar hot water system on your residence. Saving money at tax time has never been easier – and this is a very good time to consider going solar.

What is the Federal Solar Investment Tax Credit?

Since Congress passed the Energy Policy Act of 2005, the Residential Renewable Energy Tax Credit has allowed homeowners to deduct a percentage of the installed cost of a solar PV system for their home. It was originally set to expire after 2007 but has since been extended several times. The current expiration date is December 31, 2023. Will it be extended again? Probably, but it’s a risk to wait.

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Top 15 Green Home Improvements: Costs in 2021 – Home Energy Efficiency

All major home remodeling efforts demand careful consideration and planning. When tackling an energy efficient home upgrade, that task can truly expand exponentially. It is imperative that you utilize a whole-house system approach to the project to wring the most value from your efforts.

Did you know? Home Energy savings realized in one segment of your property can easily be gobbled up by neglecting to pay attention to other energy-sapping culprits — With that in mind, let’s look at some of the popular energy-saving home improvement projects and take a stab at evaluating their value…

1. Smart Home Energy Audit

energy-audit-thermal-image via Henges Insulation

Your first step is to engage a professional energy audit of your house ($300-$500 by a trained energy expert although you may be able to wrangle one for less – or even free – from your local utility eager to reduce its power burden). This will factor into your home remodel plans such vital actors as site conditions, your local climate, your home’s micro-climate, the state of your current heating and cooling environment versus your required needs and so on.

Hey, this is already the middle of 2021, so much of this work can be accomplished by a computer simulation! 😉 Once the energy audit is complete, you will not only have specific goals for the reduced utility and home maintenance costs, but also ideas for a healthier and safer interior living environment that will increase the physical comfort, energy efficiency, and dampen noise levels.

A professional home energy audit should also include any local state incentives and tax breaks you are in line to receive for embarking on energy-saving projects.

A typical home energy audit will uncover opportunities to improve energy efficiency and comfort of your home by sealing the air leaks and drafts and upgrading the level of insulation in critical areas such as crawl spaces, wall cavities, and attic where there might be thermal energy loss due to inadequate insulation.

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