Get matched with top solar panel pros in Utqiagvik, AK

A few disadvantages of installing solar panels on your roof include the high up-front costs and the potential for increased property taxes. Installing solar panels can increase the home’s value, which in turn can mean higher taxes. Depending on your area, you should check with your local tax offices for more information. Another potential pitfall is roof leaks from a poor installation, but this shouldn’t be an issue if you hire a reputable company.

Correctly installed solar panels will increase the value of your home by around 4%. With the median home sale set at $429,000, this means an increase of approximately $17,000. Many home buyers want to switch to solar, making homes that have this feature tempting and worth the investment compared to homes that are only tied to the grid. Other solar features, like a shed with solar panels, will also boost your home’s value.

The cost to install solar panels is around $27,000 on average, but you could pay between $4,500 and $54,000 or more, depending on a few factors. Some of the most influential cost factors for installing solar panels include the following:

• Size of the system you need to offset your energy consumption

• Amount of sunlight 

• Brand of solar panels 

• Add-on products, like solar batteries or electric vehicle (EV) chargers

• Labor costs of the company 

• Home’s geographical location

Rooftop solar panels supply energy to a single household, where a solar farm can power multiple homes at once with clean energy. Residential rooftop solar panels cost more per watt with a lower project total, and those panels only service the residence they are installed on (in most circumstances). With a solar farm, multiple households can buy into the project and share the overall cost.