Whether you’ve just purchased a new home or are looking for a notable home improvement, you may be wondering if solar panels are a worthy investment. Over the last few years, more and more households have installed solar panels on their roofs, generating energy, reducing the cost of their bills, and in some cases, earning money from additional excess energy.
Despite the obvious benefits, there are some downsides, too. So, to help you decide whether or not to invest in solar panels for your property, we’ve got all the info – the good, the bad, and the ugly.
Solar panels reduce the cost of your bills
With your very own source of energy, you can reduce the cost of your bills. While the panels themselves are expensive, you will eventually make your money back, in the long run, paying little to nothing for electricity each month.
Although, if you use more energy than your solar panels can produce, then you’ll still need to pay electricity costs from another supplier.
It likely comes as no surprise that solar panels are expensive, with a singular small panel costing upwards of $500. For multiple, you’re looking at thousands of dollars, an expensive investment for your property. Therefore, if you don’t plan on staying in your property long-term, then perhaps solar panels are not the best investment right now, limiting the amount of use you are able to get out of them.
Solar panels increase the value of your home
While they are expensive, they do also increase the value of your home. To get the biggest bang for your buck, you would ideally install these panels years in advance, making use of these and receiving your full return on investment before selling your home with the asset of a self-sufficient energy system.
To be effective, it depends on your location
Finally, for solar panels to be fully effective, this massively depends on your location. While solar energy is generated from the daytime, the location of your house, e.g. if it is south facing may generate you more energy as opposed to another location.
This is something you should consider before making a purchase, enabling you to see the actual potential of these panels beforehand.
for Lexington, KY
Hargis - Lexington, KY 40517
Jacob's Ladder did a roof replacement job for a shed in my Backyard. I am very much satisfied with their work and definitely recommend them for all of your roofing needs.
Greg - Lexington, KY 40503
Great Company to Work with Very Professional did a really nice job on our House and our Barn.
Tom - Lexington, KY 40505
Everyone was wonderful from start to finish!
Their work is so good it withstood the 100 mph plus winds!
Richard - Lexington, KY 40517
In May of 2022 a very damaging hail and windstorm pretty much destroyed my entire roof in Lexington Kentucky. Due to an insurance company that did not want to pay Jacobs Ladder was able to negotiate payment for an entirely new roof, decking and all which now meets current codes. Final work was completed January of 2023. Now my roof which leaked into my kitchen from May 2022 through December of 2022 has ceased to leak onto my kitchen floor. Their work is so good it withstood the 100 mph plus winds of 3rd March 2023.
All around #1 business!!
Jennifer - Lexington, KY 40505
Easy to communicate with, professional, cleaned up after working. All around #1 business!! I recommend Jacob’s Ladder for all your related needs, they’re very friendly and treat you right!
Very pleased with the roof!
Bruce - Lexington, KY 40503
Roof Repair Completed
Erik K - Lexington, KY 40503
Easy Insurance Claim!
Justin - Lexington, KY 40504
Jacob’s Ladder did a great job for us. They where easy to contact, knowledge in handling Insurance claim did our job in a timely manner and left no mess behind. Very pleased.