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Solar well pumps range from needing 200 watts of power to as much as 12,000 watts for heavy-duty pumps. Since the most common and cost-friendly solar panels are 100-watt panels, you’ll need between two and 12 panels. The average is between two and eight panels for standard pumps. Based on the average cost of solar panels ($1 to $1.50 per watt), you’d pay between $200 and $1,800 for your well pump solar panels—not including installation.

The best way to save money on solar panels is to take advantage of federal and state solar incentives. For example, the solar investment tax credit (ITC) offered by the federal government can save 30% of your total—if you can take the entire credit, which is based on income taxes owed—or an average of around $9,000. You can check the Database of State Incentives for Renewables and Efficiency (DSIRE) for state and local incentives that could save you even more.

Yes, installing solar panels or a solar roof can increase your home's value by approximately 4% to 6%. For a home with a median value of $429,000, this could translate to an increase of around $17,000. A well-maintained solar installation appeals to environmentally-conscious buyers and those looking to lower their utility bills, often helping homes sell faster and at a premium in areas with high electricity rates. However, the exact increase in value depends on factors like the local real estate market, energy costs, and available solar incentives. It's also important that the system is correctly installed and maintained; an older or poorly maintained system may not add significant value, particularly if it's near the end of its lifespan. Other solar features, like panels on a shed, can also boost your home's value.

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.