Get matched with top solar panel pros in Aurora, SD

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.

While you can install solar panels by yourself, it can be a complicated process full of lots of manual labor, risky roof work, and knowledge of electrical wiring. Most solar panel installation projects should be reserved for a trained professional—especially if you plan on connecting your panels to the electrical grid rather than for off-grid use, which doesn’t require utility services.

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.

Solar panels can pay for themselves in five to 15 years, depending on the cost of your system, how much energy it generates, whether you qualify for incentives or power buybacks, and the price of energy in your area. Solar panels pay for themselves over time as they lower electricity bills, so it will take time to recoup your initial investment. However, the longer you have your system, the more money you can save and earn.