What you should know before going solar

How do home solar systems work?

Solar photovoltaic (PV) panels are made from silicon cells that join together to form a circuit. The panel collects the sun’s energy and makes direct current (DC) electricity. An inverter changes the DC electricity into alternating current (AC) electricity, which is what most homes use. The inverter is a metal box connected to a meter, which in turn is connected to the utility’s electric grid.

How can I pay for a solar system?

You can get a solar or home improvement loan from a bank or go through a private solar financing company. The New York State Energy Research and Development Authority has low-rate loans and financing options available, some of which can be paid through your monthly utility bill. The return on investment for most home solar systems is five to seven years.

Should I lease or buy?

About a decade ago, leasing was the way to go, since the price of a home solar system was high. Now that prices have come down by 70 percent, according to the Solar Energy Industries Association, it is better to pay for something you will eventually own.

Will solar add value to your home?  Contact the appraisers at www.scappraisals.com   They have been appraising solar and energy efficient properties for over 8 years.

read more at: http://www.nytimes.com/2016/10/02/realestate/what-you-should-know-before-going-solar.html?rref=collection%2Fsectioncollection%2Frealestate&action=click&contentCollection=realestate&region=rank&module=package&version=highlights&contentPlacement=14&pgtype=sectionfront&_r=0

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