Get matched with top solar panel pros in Lead, 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.

You can install solar panels on a flat or pitched roof, but keep in mind that they will need to rest at a 30- to 50-degree tilt for optimal sun absorption. It costs more to install solar panels on a flat roof because you will need to install a framing system and likely hire a structural engineer. If your roof has a pitch of more than 40 degrees, it may not be a good candidate for solar panels.

Depending on the climate in your area, the best time to install solar panels is either winter or early spring. Summer is a fine time to install panels, too, but it tends to be the busy season, so prices may be higher and companies may have packed schedules. The installation process can take more time than expected between getting permits and finalizing a design, so start as soon as you can.

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.