In just 2019, there were 2 million solar panel installations in the U.S., according to PV Magazine.
But is it a good idea to install solar panels on YOUR home in Knoxville?
We’ve worked in real estate for quite some time in Knoxville and over that time, we’ve seen a lot of trends come and go. Solar panels — and the use of renewable energy to power homes — is probably a trend that’s only going to increase in popularity as the technology becomes more efficient and more affordable.
Still, there are some things to consider.
Cost — Solar panels aren’t cheap… and neither is the installation. The average homeowner can expect to spend about $15,000 to $20,000 to get solar panels installed.
Sun Exposure — Your location, the angle of your roof, and even your roof material will all have an impact on the efficiency of your solar panels. Go to solarreviews.com/solar-calculator to enter your address and get a better idea of how many solar panels you need and how much you stand to save on your electric bill.
Consider Your Electric Bill — Solar panels don’t pay for themselves overnight. Instead, they save you money on your electric bill every month, slowly recouping the initial investment. So look at your electric bill and think about how long you want to live in your house. Solar panels are a long-term investment, not a short-term one.
Hope that helps!
And if you or someone you know wants to sell a property fast for cash, give us a call at 865-686-5494. We can make a fair cash offer, close in as little as two weeks, and pay all closing costs!