If you're tired of relying on fossil fuels and paying high energy bills, you may want to consider using solar power. As more homeowners look into ways to live a more green and eco-friendly life, they're becoming more interested in the power of solar panels. If you're one of those people, you may want the answers to some frequently asked questions related to how solar power works for the home. Let's look at five common FAQs about solar power!

Will I Need to Pay an Electric Bill?

According to Solar Reviews, the average 6 kW solar panel system will save you $1,500 on electricity bills every year. However, just because you begin to rely on solar energy doesn't mean you won't have to pay any electric bills. Your reliance on electricity will depend on how intensive your solar installation is. There are different types of solar installations available. Even if your home only partially runs on it, you can still greatly reduce your energy bills.

Is Financing Available?

Yes, there are loans specifically for solar panel installation. Your solar contractor may also offer to finance your project. Look into incentives from your local and state governments. Even if you don't get direct financing up front, you may get tax rebates at the end of the year, thanks to federal initiatives that encourage more homes to become as eco-friendly as possible.

How Many People Are Using Solar Power?

At this moment, the whole nation hasn't converted to solar energy yet. However, more than 3% of U.S. electricity comes from solar power, according to the U.S. Office of Energy Efficiency & Renewable Energy. Its usage is expected to grow over time.

How Long Does It Last?

Solar energy is a renewable energy source that's always available as long as the sun is in the sky. However, when it comes to your solar panels themselves, they can last for about 25 years with good maintenance, according to our team's several years of experience. The good news is that solar panels are very low maintenance and only require an annual inspection and occasional removal of snow if you live in a cold environment.

Can Solar Installation Increase Home Value?

Yes, you can make a profit with solar installation. According to a National Renewable Energy Laboratory study, homes with solar panels sold for $16,995 more on average. It pays to be eco-friendly!

If you're considering solar panels for your home, it comes with many advantages to consider. You'll have a renewable and clean energy source that's low maintenance. Plus, your home maintenance budget will shrink thanks to fewer or no electric bills. If you're ready for this eco-friendly upgrade, contact our solar energy team at NV Energy, LLC today for a consultation.