Installing solar panels is worth it if you’re frustrated with paying high utility bills, live in a sunny location, and qualify for tax credits and incentives. Most homeowners cut between $650 and $1,500 from their utility bills each year by installing solar panels. Over the course of your panel’s warranty, you could save anywhere from $16,300 to $37,500, though those in sunny areas with high energy costs could save more than $100,000.

On average, a typical fridge uses 115 kWh per month. With eight hours of sunlight per day, a 100-watt solar panel can produce 30 kWh per month. This means you’ll need at least four dedicated panels to power the refrigerator with solar energy. Consult with a solar power specialist to get a more accurate estimate.

The actual time it takes to construct the solar farm is relatively short, taking between 2 and 4 months on average. That timeline is dependent on site conditions, crew size, and the overall size of the solar farm.

However, the time it takes to get the ball rolling is significantly longer, ranging from 3 to 5 years. With a project of this scale, you’ll need to obtain all of the proper permits and approvals to start breaking ground, and depending on your location, that could be an extended process.

In most cases, solar panels are covered by homeowners insurance because they are considered a permanently attached part of the home, and you may not need additional coverage. However, it is essential to read the fine print of your specific policy to understand the extent of the coverage, as some policies might only cover certain types of damage, such as hail. Always check with your insurance provider before installing solar panels to ensure your policy provides adequate coverage for your investment.