Will solar work for me? Top 10 Solar Questions Answered
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Top 10 Solar Questions Answered: Will solar work for me?
Solar works everywhere the sun is shining. So if you want to go solar you can. The question as to whether it is economically viable for your home depends on a few factors.
1. Do you have a clear view of the south-facing sun? Roof or Ground mount for your property can both work fine. Roof mounts tend to be less expensive since they do not require trenching of electrical lines and multiple permits and inspections.
2. What is the price you pay for electricity? Right now if you pay $.10 or more per Kwh (Killowatt Hour) you can finance the project on a monthly basis for less than the cost of not doing it. Assuming clear south facing panels.
3. Does your utility offer Net Metering? (See my other video: Net Metering explained)
4. Any rebates or incentives to combine?
5. Do I have the cash to do this or can I finance? Right now you can finance up to a $70,000 (really big system!) if you have a 660 or higher FICO.
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