Is it worth the cost to install a residential solar power system in your home? If you are worried about climate change and you want to protect the environment for your children, then you might consider the benefits of this upgrade to decrease your carbon footprint.
But, solar power isn’t right for every family. So, you need to consider a few factors before deciding to invest in a solar power system. Here are a few factors that you need to study before making your decision:
How Long Will You Live in the Home?
Even though solar power can help you save money in the long-run, it requires a significant investment in the beginning. If you are only going to live in the home for a few years, then it probably isn’t worth the investment. Wait to install a solar power system when you buy the home of your dreams, where you are planning to live for a long time.
You need to weigh the benefits of installing solar power, compared with the financial benefits that will be gained. Most solar power systems are built to last between 20 and 25 years. So, it won’t be worth the investment if you are only going to use it for 3 or 4 years.
Financial Benefits of Solar Power
The most obvious financial benefit is that you can reduce your monthly utility bills. When the sun generates your energy for free, you won’t be stressing about whether the kids turn out the lights when they leave the room. Once your solar system is installed and running, you will be able to reduce your energy costs or completely get rid of that bill.
Another benefit is that a solar system can help to boost the value of your home. This property value increase is only available if the system is paid off. If you lease the equipment, then the new homeowner will need to take over the lease. As a result, it won’t have much of an impact on the value of the home. In fact, a leased solar power system could potentially make it harder to sell your home if the new owners don’t want to take over the monthly lease payments.
Improving Your Home
There is no doubt that a solar power system can make it easy for you to do your part in protecting our beautiful world. If you are looking for ways to improve your home, then you might consider the benefits of a solar power system.
If you want individual recommendations about how solar power will affect your property value, then we invite you to talk to our team at DUFFY Realty. Our goal is to help you maximize your property value and create a home that is perfect for your family. Contact us for more information about real estate services in Atlanta: (678) 318-1700