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Are Solar Panels Worth the Investment - Chino Hills, CA

There are numerous benefits that homeowners with solar panels can gain. For instance, lower household carbon footprint, higher home values, and lower electric bills. Not to mention the tax incentives and rebates that come with it. Some may argue that the installation process is too costly and isn’t worth the investment. However, the long-term investment of solar panels is what really matters and can help save thousands of dollars overall.

To really know if solar panels are for you, it is important to understand what they are.

What’s a solar panel?

It’s a device that absorbs solar energy and converts it to heat or electric form for consumption. Nowadays, these devices are popping up all over the neighborhoods. Even people you would least expect to get now own solar panels. Due to a burst of interest and attractive federal incentives many people want to install it.

How does a solar panel work?

Solar panels have been around for quite some time. It’s only that they were not a popular trend before like they are now. But even so, many people still find them mysterious, especially in how they work. Which is why it is necessary to gain a good perspective and understanding.

Solar panels comprise photovoltaic cells. These cells absorb the sun’s rays and then convert them to electrical energy. The chemical process is very simple. The light particles or photons from sunrays dislodge electrons thus generating the flow of current.

The power gets generated by this means is referred to as DC or direct current. While some devices can use it in this form, our home systems cannot. That’s because most of them are tuned for AC or alternating current.

To make it consumable, solar panels come with an inverter. The inverter serves as the link between the solar panel and your house’s electrical system. It actively converts the DC from the solar panel to usable AC for household consumption.

It’s worth noting that solar panels rely on sun rays to generate power. Therefore, overnight, you are bound to receive no power from it. And this is where storage batteries come in handy. Some set up involves the use of storage batteries that stores energy for overnight consumption. Not to mention, they will be resourceful during cloudy days when the panels cannot get enough sunshine.

If you are generating massive electrical energy, you can supply some to the grid. Thanks to this, you will be generating income or profit. Depending on the size of your system, the panels can generate enough electricity that can upset your electric bills. At this level, you can disconnect from the main grid and solely rely on your solar panel. But to achieve this state, you can account for several factors. And they are the same factors that can help you determine whether the solar panel is worth installing or not.

However, some will enjoy having the power over their own electricity.

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Homes that Solar Panels Installation Can Benefit

Let’s face it, not all homes will benefit from solar panels in equal measure. And since the panels are a huge investment, it’s important to determine whether your home will benefit from them or not. Most importantly, you should know whether you will maximally leverage the potential of this system.

And it all starts with the alignment of your roof with the sky. Does it get maximum exposure to sunshine throughout the day? If your home roof is facing the sun and gets optimum exposure, then it makes a great candidate for solar panel installation.

Also, it must be free from obstructions. Areas with tall buildings and tree shades are not great for solar panel installation. That’s because they can block the sunshine and cast a shadow over your panel. In this case, you’ll not be maximizing the potential of this device.

Further, if your roof is not facing the true south, then your panel will not receive optimal sunlight. Remember, the true south and magnetic south are not the same. Therefore, ensure your rooftop or home is free from these obstructions before installing the solar panels. Those living within the forest must reconsider their plans and an expert can assist.

When is it worth it to invest in solar panels?

Well, there are occasions when installing the panels is a worthy investment. That means you will get a return on your investment without sacrificing much.

Thus, to ensure your home fits such situations, here are several factors to consider.

Tax Incentives

Some tax incentives offer makes solar panel installation worth the investment. That’s because you’ll be getting a significant percentage of what you are investing back. For example, if you install your panels between now and 2023, you can leverage the tax credit. The tax credit can be worth nearly 30% of your investment. Also, depending on your tax finances and the cost of your setup, this is an opportunity you shouldn’t miss.

Also, many counties and states are offering tax incentives, exemptions, rebates, or credits. Therefore, you might benefit from one of them. For instance, New York, which has the highest power rates offers a maximum rebate of $5000. You can access this benefit through credits, tax exemptions, and tax deductions. Also, you can generate more credits if your system is diverting the excess power back to the grid.

Location

Location plays a critical factor. It determines your home’s exposure to sunlight. Not to mention, it determines the hours of sunshine your home gets. Additionally, geographic location influences the intensity of the sun. Homes that are closer to the equator receive high degrees of sunshine.

As such, installing panels on such homes guarantees greater amounts of energy. Your panel will generate more power for your home. Homes on the northern latitude on the other hand are poor candidates for solar panels. That’s because the sunshine intensity is less.

Additionally, consider the rates of the utility company. If you are in a state where the power rates are lower. Then you don’t need to invest in solar panels. If anything, your investment might be more costly than relying on the power from the national grid. However, if you are from states like California, New York, and Connecticut, you can benefit from solar panel installation. Those from North Carolina, Oregon, Washington, and Louisiana can do without solar panels.

Consumption and Energy Bills

The primary reason for installing a solar system in your home is to reduce energy bills. Not to mention, you’ll be free from dependence on the power grid. When you have a solar panel, it will fulfill part of your household power needs. And if you install a bigger system, you can cut completely your dependence on the power grid. That means you won’t be receiving any energy bill. And that’s a win situation.

Further, your system can even generate more income. When the system produces electricity, you can sell the excess wattage and generate income. It’s that simple. Thus, instead of paying the utility company monthly for their power, you will be getting paid for your power. In occasions where you can’t upset your bills entirely, you’ll still benefit from lower energy bills.

Solar Panel Potential Benefits

The solar panel comes with a few potential benefits worth noting if you are planning to install this system. These benefits can make your choice easier. Let’s start:

Boost Home Value

Solar panels enhance the value of a property. Therefore, if you are planning to resale your home, you can get better deals when it has a solar panel system. Not to mention, the system size determines how much your home will be worth after installing it.

Reduce Price Fluctuation

Utility companies are very notorious when it comes to adjusting the cost of power. But when you have a solar system, your dependence on their system is much lower. As a result, the price fluctuations will not affect your significantly.

Preparedness

Unfortunately, you can never predict when a power outage is bound to occur. But you can prepare in advance in case it occurs. Regardless of the cause, the solar system will ensure you have power in your home when there’s an outage.

Drawbacks

Appearance

Unless it’s customized to blend in as a roof, many people dislike the looks of solar panels on top of their roof. Some of them consider it an eyesore.

Upfront Cost

Undoubtedly, installing the solar system earns you tax incentives or deductions. Unfortunately, you still have to incur the expensive upfront cost of installation.

Solar Panels in Chino Hills, CA

Let’s face it, California ranks among the state in the entire country with the highest rates of electricity charges. In other words, electricity from utility companies is very expensive. On average, the rate can reach 20.45 cents/kWh. Luckily, the state ranks among those in the country that is highly friendly to solar panel installation.

In particular, residents in Chino Hills can benefit from solar panel installation for the following reasons:

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  • ​Location - Chino Hills locations favor the installation of solar panels. That’s because it receives enough sunshine intensity that can power these devices.
  • ​Hours of Sunshine - Found in California and borders Los Angeles, it receives a significant amount of sunshine annually. On average, California receives over 260 days of sunshine, while Los Angeles gets around 292 days of sunshine annually. That makes Chino Hills a strategic location for solar panel installation.
  • Cost of Power - Chino Hills, found in California, is among the cities in the country that ranks top for expensive electricity. That means you have an opportunity to lower your burden by installing these panels. You can even make more money from it.
  • ​Stable Power Prices - Utility companies tend to have fluctuating power rates depending on various factors. Oftentimes, the increase in power rates can get you off-guard. As such, you may end up struggling due to limited finances. But when you have a solar panel, you can enjoy stable power rates. Once you install it, you don’t have to worry about energy bills. If you are still using power from the utility company, the cost will be less.
  • Power Outages - Due to extreme strain on the system and natural factors, among others, power outages are common in California. And Chino Hills is not an exception. To protect your home and perishable goods from destruction, installing these panels can help.
  • Incentives - Chino Hills is among the cities that have access to a 30% tax incentive for installing power panels. That’s enough reason to install this device in your home.

Finally, deciding whether to install solar panels isn’t that hard. Of course, it can be overwhelming at first. However, if you have a specific goal, it’s easy to decide whether it’s fit for your home. Since we are not all experts in solar power systems, this text will assist you. Consider the benefits and drawbacks, and then determine which one outdoes the other.

Customer Reviews

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Our electric bill was out of control and we had few options to keep our bills down. Literally, we were recommended Go Solar by a helpful friend and they gave us the news about solar installation options. The solar-grid system works great and our bank account is beautiful because we are saving so much money now with our electric bill. We wish we would have switched to solar power sooner. Call Go Solar out to your home today!

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My family had a spectacular experience with this company. They installed a total of 10 solar panels. I have been saving a tremendous amount of money on my electricity bill since they have been finished, so I had to say thank you again and again. I will absolutely recommend them to my family and friends. Go Solar is professional and inexpensive!

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They showed us some of their options for systems homes in our area. Go Solar was professional and went straight to the most important points about solar panels which gave us a great advantage with our electricity output. I can highly recommend these guys! We saved a bundle on our electric bill which I was so proud of. The solar panel cost was affordable and the solar system works wonderfully. I highly recommend them!

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