Residential Roof Repair: Do Solar Panels Save Homeowners Money?

Roof-based solar panels have exploded in popularity over recent years as solar technology continues to improve. In addition to our residential roof repair and other services, the team here at MEIS Roofing works with clients to put together an ideal solar panel plan for their home. Our solar panel installation and repair services give us a chance to monitor the benefits they offer for our customers.

The Financial Costs Associated with Using Solar Panels

Roof Solar Panels

It is not uncommon for those who are considering solar panels to experience a bit of sticker shock when they see the prices that are associated with some solar panels. Solar panels do require an upfront investment that may seem prohibitive to some, but the long term savings they provide more than make up for the initial expenses. The price per watt involved with purchasing solar panels has fallen by 20% since 2010; consumers can likely expect upfront costs to get cheaper as solar technology improves.

How Solar Panels Save Homeowners Money

The exact amount of money that solar panels save homeowners is difficult to determine; most estimates suggest savings in the area of $30-$60 a month. In addition to lower utility bills, solar panel owners are sometimes eligible for state or federal tax credits, rebates, and some utility companies will purchase any excess energy that is produced by the panels. The average solar panel owner can expect to recoup their initial investment after 3-5 years, depending on geographical location and other factors.

If you are interested in solar panels or need a Dallas roofer for any number of services, the dedicated MEIS Roofing team is eager to help. For more information on our services please give us a call at 866-211-111.