Are Solar Panels Worth The Investment?

Your electric bill can vary throughout the year and can at times put a strain on your budget. An easy way to save on your electric bill is by installing solar panels on your home. Solar panels have the ability to convert the sunlight they absorb into electricity for your home making your electricity independent. However, you might be asking yourself: Are Solar Panels Worth The Investment? You can use this easy to follow guide to see if solar panels are a good choice for you.

1.) How much are you currently paying for your electric bill?

By reviewing what you currently spend on your electric bill you can determine if you’ll be saving enough money monthly and find installing solar panels worth it. When you take a look at your electric bill you’ll notice that you pay your utility company for every kilowatt-hour (kWh) that you use your electricity. The rate can fluctuate and is dependent on where you live. You can check our “Areas Served” to learn more about solar in your area whether you live in Coachella Valley, San Diego Metropolitan Area, and Imperial Valley. If you don’t see your area on our list lets get in touch to see the solar offers in your area.

Once you install solar panels to your home you become a source of power for your home where you get your electricity. As a result, homeowners that have high electricity rates typically save the most on their electric bill once they switch their home to solar power.

If you are looking for how much solar can save you, we recommend using a Solar Calculator from Google Project Sunroof or you can get in touch with our solar specialists to get you an exact number.

2.) How much do solar panels cost to install?

The cost of solar panels in California varies as well and can be dependent on the location you live in, the layout of your home, the size of your home, and the type of solar equipment you choose to use. Typically, a solar panel system can cost between $15,000 and $25,000.

Keep in mind, solar panels only need minimal maintenance. Some of these include ensuring there aren’t any debris, leaves, or additional materials that may be obstructing the solar panels. If the materials are being blocked by anything this can prevent them from performing at their best. In addition, at Sunlogix Energy our solar panels come with a 25-year equipment and workmanship warranty so you can rest assured that you’ll be taken care of years after you make the investment into solar.

3.) How do you plan on financing your solar panel system?

If you choose to buy or lease your solar panels this will be important on your systems value long-term. While paying for your solar panels in cash will save you the most you have other options to choose from as well. For instance, there are leases and power purchase agreements (PPAs) that require no money down in addition to a no maintenance-free option.

To conclude, the best rule to follow is to get multiple quotes from different solar companies. Purchasing solar panels involves a lot of research and evaluation to figure out what the local solar companies in your area can offer. In addition, keep in mind that the biggest solar companies are not always the best option. Get in touch with different solar companies to learn about the offers they have and the experience they come with. Lastly, understanding the type of equipment the solar installers offer is another layer you’ll want to factor in. At Sunlogix we typically use LG solar panels as they have shown the best performance and warranty.

If you are in the beginning stages of purchasing solar panels for your home. Get in touch with our solar specialists to learn about the upfront cost and long term savings based on where you live. Sunlogix Energy is headquartered in Palm Desert and we have worked with homeowners and businesses all over California to get them the best solar offers and specials.

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