What rebates and incentives are currently available? What's going to happen with solar incentives in the future?
The U.S. federal government offers a 30 percent tax credit, and many states offer their own incentives such as rebates, tax credits, performance payments, and tax exemptions. However, these incentives will slowly but surely go away as more and more consumers make the switch to solar. Talk to solar power companies in your area to find out which incentives and tax credits are currently available to you.
Are solar panels viable in cold climates? Will they still work when it's cloudy/rainy/snowy?
Yes, solar photovoltaic panels will work in all climates provided that there’s adequate space and minimal to no shading. In fact, like any electrical device, solar panels are actually more efficient in cooler temperatures. While solar panels will still produce a measurable output in cloudy/rainy/snowy weather, they will not be as effective as they are when the sun is shining directly on them.
How long will a solar energy system last?
Most solar energy systems are warrantied for 25 years, but it’s likely that a system will continue to generate power for 30 to 40 years.
What effect will solar panels have on my home's value?
Solar panels raise the value, as the running costs of the house are significantly reduced and the system may even provide a long-term income stream. Nationwide, the average home value is 15 percent higher if it has a solar energy system. However, it's important to note that an increase in home value typically only comes with solar systems that have been purchased with cash or a loan; leased solar power systems generally do not add value to a home, as they are someone else's property attached to the house.
