Residential Roof Repair: Do Solar Panels Save Homeowners Money?

Learn how a solar panel can help your family save over the long run.

Roof Solar PanelsYou have probably seen homes with solar panels springing up all over the area on your daily drives. If you are like most consumers, you’re probably wondering if this is a quick fad or a worthwhile investment.

At MEIS Roofing & Construction, our experience leads us to believe it’s the latter. We have monitored the use of solar panels across many homes in the area, and we can help you put together the right plan for your home. You’ll see that the benefits can far outweigh the costs!

The Financial Costs

There is no denying that the initial price of solar panels can seem very expensive, even out of reach for some families. The upfront investment is steep; however, it pays off over time. It’s also important to remember that even if solar panels are out of reach for you today, they may not be tomorrow. The cost per watt involved has dropped by 20% since 2010 alone. As time goes on and the technology becomes more common, consumers can expect even greater savings.

The Money-Saving Benefits

How much your solar panels will help you save depends on a multitude of factors, ranging from the climate to where they are installed, how much shade your home receives, and how much power you use in general. Because of this, most estimates suggest homeowners might save $30-$60 a month. Solar panel owners may also be eligible for state and federal tax credits and rebates. In addition to this, some utility companies will purchase excess energy created by the panels to distribute to other customers.

Because of this, most experts estimate that the average solar panel owner will recoup his or her costs in as little as 3-5 years. After that, all the money saved stays in your pocket.

If you are interested in learning more about solar panels and learning the difference they might make for your roof, give us a call today. We would be happy to teach you more and help you make the right decision for your home.