Residential Solar Homeowner Questions
Do solar panels void your roof warranty?
A properly installed solar system will still alter your roof warranty for the portion of the roof that is affected, but most systems come with their own penetration warranty to make up for any loss in coverage. In addition, solar panels help protect your roof from natural wear and tear.
Do solar panels increase home insurance?
It depends on your insurance provider. Most home insurance policies don’t cause an increase, but it’s not unheard of.
Do solar panels increase property tax?
It depends on your state. Some states do provide a property tax exemption that allows homeowners to invest in solar without adding to the valuation of their homes.
Is solar panels tax deductible?
Yes, the ITC federal solar tax credit allows you to deduct 26% of the cost of installing a home solar system.
Do solar panels affect the mortgage?
They can only affect your ability to get a mortgage if you are using a solar financing option since it counts in your debt-to-income ratio. It won’t affect your current mortgage, though.
Does California have a solar property tax exemption?
Yes, California has a 100% solar property tax exemption.
Do solar panels increase the value of your home?
Yes. The actual value involves a variety of factors, but the average 5kW home solar system adds about $29,000 in retail value.
Does solar make sense if I don’t plan on being in my home for 25 years?
Yes, purchasing solar panels adds value to your home and can make it easier to sell.
Are solar panels worth the investment has given 2020 solar prices and tax credits?
They are according to millions of homeowners across the country that have already chosen to go solar. The benefits of installing solar panels can far outweigh any negatives.
Do solar panel companies own your roof?
If you lease your solar panels, then essentially the solar company has created a mini power plant that they own on your roof, and they sell you the electricity at a discount. This isn’t the case if you buy your panels outright.
Can you cancel a solar panel lease?
Every solar financing company is different, but getting out of a solar lease often involves remitting the remaining payments of the lease.
Hopefully, all of the questions you have about getting a home solar system are answered. If you have any questions not mentioned here, put them in the comment box below and we will be happy to answer them. Schedule a home solar consultation with us if you’re ready to come up with a customized solar solution for your home.