Real estate can directly affect the ROI of your residential solar project. So, if you’re looking to make the most out of your solar panels, here are the factors you might want to consider.
Your roof’s layout
Since rooftops are the most popular locations for installing residential solar panels, your roof’s shading, shape, and orientation all impact how much power your system can generate.
You want to optimize each panel’s exposure to the sun since the solar panel’s electricity is dependent on how much sunlight it receives. Your panels will produce less electricity if they are frequently shadowed due to where you position them or how they are slanted, and you will wind up paying increasing power from the grid than you would like to.
A possible drawback of adopting solar is also the orientation of your roof. While they may function effectively on the west and east-facing rooftops, solar panels produce the most power on south-facing roofs. Solar panels won’t generate as much energy if your roof faces north, so installing them might not be worthwhile.
In this case, your roof’s pitch may also be important. The best angle to place solar panels will vary depending on the location of the equator and how much sunlight they will get. Although the pitch of most roofs is adequate, if it doesn’t match the ideal angle for your location, it won’t be as effective for hanging solar panels as one that does.
The neighborhood where you live
Solar panels can’t generate power without sunshine. Thus foggy and wet days are less effective for their use. Thus, solar panels perform less well in cloudy areas like Oregon and Washington. You should install more solar panels if your area experiences more overcast days than sunny ones if you want to reduce your power costs. This raises the total price of installation and can facilitate the return on your investment.
This is a relaxed regulation, though. Your state’s average power pricing and available subsidies should be compared to how sunny it is. Even if your solar panels don’t receive as much sunshine as they could elsewhere, they are still financially advantageous if grid power is very costly where you reside.
If you intend to sell your house
Solar panels may certainly boost your home’s value, but installing them on a house you want to sell after a year isn’t the best use of your time and money. There is no assurance that the panels will raise the value of your property by enough to make up for the overall cost of installation.
Additionally, placing solar panels on a house only to sell it right away would minimize your return on investment because you would need more money to profit from the funds the panels would generate over time.
It is preferable to preserve your money and put solar panels on your new home instead of installing them on a house you want to sell soon.