What Homeowners Must Consider Before Installing Solar Panels

What Homeowners Must Consider Before Installing Solar Panels

Solar panels are commonplace on residential properties in Michigan. While the Wolverine State isn’t exactly known for unlimited sunshine, residential photovoltaic (PV) solar panel installations have risen dramatically in recent years. If you’re interested in going solar, we’ll explain some things you must consider before installing solar panels.

The Roof

First, think about your roof’s size, slope, age, and condition. These factors will determine the viability of a solar panel installation and whether they’re worth the investment. Homeowners should ensure their roof is in good condition to support the weight of the panels. Then, they must consider the slope and size of the roof to determine how many panels the roof can hold and how much sunlight they’ll receive. Trees throwing shade on the roof is also a problem, so if you want to maximize your home’s solar energy potential, you may have to remove a bough or two.

Local Regulations

Homeowners must also get their solar panel system approved by local authorities and municipalities, which can sometimes be easier said than done. Navigating local regulations and approvals for PV systems can be confusing and difficult if you’re unfamiliar, so have the installation company handle most of the paperwork and permitting process. If you’re a Michigander within an HOA or living in an old house in a historical neighborhood, historical preservation regulations may prevent you from installing solar panels.

Energy Usage

Solar panels aren’t cheap, so get familiar with your energy usage to make sure a solar power system is a good investment for you. For one, it’ll help you determine how many solar panels you’ll need to be self-sufficient. Also, it can show you how much you’ll save on monthly and yearly energy bills. Many factors determine how much you can save with solar panels, but the average figure is $100 a month. Since solar panels last roughly 20 years, that means a lot of savings!

Financing

While PV solar panels may pay for themselves in the long run, you still have to write a check for the initial installation. Luckily, the US government offers tax incentives and rebate programs to help homeowners pay for the installation of solar panels. The federal solar tax credit allows homeowners to claim a tax credit worth 30 percent of their installation costs on their federal income taxes. Michigan also offers a residential property tax exemption, so if your home’s property value rises after installing solar panels, Michigan will exempt you from the bump in property taxes.

There’s much more that Michigan homeowners must consider before installing solar panels, but those are the most pressing factors. If your home and neighborhood check all these boxes, you can install some solar panels and start saving on your monthly energy bills in no time!

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