There are plenty of reasons why people make the switch to installing solar panels in Arkansas. The positive contribution to the environment is high on the list, but you have to also consider how it impacts your budget.
How can such a large investment be worth the money? Many people want to know how long it will take for solar panels to pay for themselves via energy savings, and we’ve discussed some of the various factors to help you figure it out for your situation.
Consider How Much Electricity You Use Every Year
The first step in estimating the payback period is to figure out how much electricity you use every year. A customer service representative with a trustworthy solar panel installation company can then figure out exactly how many solar panels you will need to power your home the same way you’re used to. Be aware of any companies that guarantee a certain dollar amount in cost savings before doing these calculations, because they simply won’t be accurate without them.
Determine Price and How Much Electricity Your Solar Panels Will Generate
Your solar installation professional can help you understand how much electricity your solar panels will generate in any given year based on weather patterns, shading, roof pitch, and more. Once they determine these factors, they will build a system based on that information. Your solar array will be sized to produce the same amount of electricity your home uses now, and price is determined based on system size.
Monitor Traditional Electricity Rates And Net Metering
Electricity rates consistently increase, which is something you won’t have to worry about when installing solar panels in Arkansas. By monitoring current and projected future electricity rates and comparing them with your energy consumption, you can see how much money you’re saving every month. When you take advantage of net metering by getting credits for excess energy production, your cost savings will stack up even more.
Seal Solar is here to help you make sense of everything related to solar in Arkansas. Don’t hesitate to contact us and our friendly team will be ready to assist in any way we can.