Get matched with top solar panel pros in Crouse, NC

Insurance companies aren’t against solar panels, but they may have concerns about the risks and costs of insuring solar. The type of policy, where you live, and the insurance company itself matter. Extreme weather can damage solar panels, and faulty installation or electrical malfunctions pose a fire risk—this, in turn, can increase insurance company liability and payouts. However, you’re likely to keep coverage as long as you have a pro install the solar system, keep it maintained, can pass a solar panel inspection, and update your homeowners policy to include solar.

For most U.S. homeowners, switching to solar energy is an excellent investment. A properly sized solar array can significantly reduce your electric bill, saving money on utilities every month. Most homeowners enjoy savings that cover the cost of their solar systems within 12 years and then turn a profit. Additionally, federal and state tax incentives are available that help make solar an even better and more profitable investment.

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.

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.