Should I invest in solar panels for my home?
You’ve seen all the hype about saving saving money (and the planet) with solar energy, but before you sign that contract to purchase and install solar panels, here are some things to consider: How much does it cost? The cost of a solar panel system varies, based on where you live and how many panels are installed. If your electrical panel is outdated, there may be additional costs to update it before installation of solar panels. There are tax incentives, so if you have a big enough tax bill to take advantage of the solar tax credit, the tax benefits will help offset the cost of your solar investment. Most solar companies have financing available for equipment and installation, and some also have lease options. Do solar panels add value to my home? This is a subject of much debate. Spending $30,000 on solar panel installation (or on an inground swimming pool) does not necessarily add $30,000 to the value of your home. It does, h...