Installing solar on your custom built home or your existing home can be overwhelming and seem expensive. But installing solar panels doesn’t have to be if you work with knowledgeable staff and understand all your options.
Recently SolFarm, an Asheville based solar panel company began installing a full system on MKB owner Malcolm Morgan’s home, the project is partially finished, and Malcolm hopes to have the system fully completed in 2021. Here we will answer some basic questions many people have about solar as well as the value it adds to any new or existing home.
Why choose solar?
There are a few attractive incentives for those considering making the investment in solar. For the next two years in North Carolina, Duke Energy is offering up to $6,000 in cash to its customers that install solar via their Cash Rebate Program. This program is done on a first-come-first-served basis and is a limited program. However, if you are unable to receive that incentive, there are still benefits available to everyone. The Federal Government will offer a 26% tax credit in 2020 and a 22% tax credit in 2021 to anyone who installs solar panels on their home.
Over the last 12 years the cost of solar has fallen by over 90% and continues to decrease each year. Technology and efficiency for all components of solar electric systems are continually improving. This means it is becoming easier and cheaper to install solar on your current home or include them in any new builds.
What should I know before installing solar panels?
After making the decision to add or include solar panels on your custom built home, there are a few things to take into account. Designers should consider roof orientation, slope, and potential shade impacts when designing your home. Roof angles between 15° and 30° degrees are ideal for WNC and an east, south, or west exposure is crucial. Slopes on east and west facing roofs should be held to below 30° degrees for optimized production. It’s also important that your building contractor and the solar company chosen provide EV charging circuits as part of the basic infrastructure of the home.
When selecting roofing materials use products that can last for a minimum of 30 years to match the life of the solar panels. You’ll want to consider how the aesthetics of your home will change with the solar panels, but new designs including all black frames and silicone, provide a sleek, modern look.
There are hardly any downsides to adding solar panels to your home, other than the fact that your neighbors may become jealous.
What value will be added to my home?
On average, solar panels raise a home’s value by 4.1% across the U.S., according to a new Zillow analysis of homes across the country. This means that homeowners can typically expect to make up for the cost of the system when they choose to sell their house. That’s on top of the savings from reduced energy bills and tax incentives. Zillow’s research suggests in the same way homeowners pay thousands of dollars for renovations like a new kitchen or finished basement, they should also evaluate the return on investment of solar energy.
Interested in adding solar panels to your new MKB build or having them installed on your current home? Call SolFarm today at 828-332-3003 to discuss the value, benefits and savings from adding solar panels to your current home or home build.