Sep 25, 2020

4 Smart Ways to Maximize Solar Panel ROI

We talk a lot about how you can save money by switching to solar power, but did you know that there are ways that you can maximize your return on investment? Aside from the obvious government solar incentives and ability to save up to 50% on your electric bill just by switching, there are other ways you can ensure you’re maximizing your investment.

Schedule Solar System Inspections

This goes for just about any system you have, but you should have regular inspections scheduled to make sure everything is running smoothly and efficiently. Maintenance of your system will reduce any downtime caused by a breakdown, and will also enhance the performance of the system.

Not only can you reduce downtime from the system breaking down, but you can prevent a breakdown altogether through inspection. A lot of money can be spent on not only replacing or repairing parts but also the labor that goes into it. In being proactive, you save a lot of time and money that would be lost by being reactive.

Extend Solar Panel Life With Energy Efficient Appliances

Using energy-efficient appliances can help reduce the demand on your solar panels to generate more power. A lot of people don’t see the need in spending money on new appliances when they already have them, but upgrading to newer appliances does benefit your power bill. 

A great way to guarantee that your appliances are energy efficient is to check that they’re ENERGY STAR certified. This certification guarantees that the product meets energy-efficiency requirements set by the U.S. Environmental Protection Agency (EPA). The more efficient your appliances, the less work your solar system has to do, and therefore extending the life of your solar panels. 

Reduce Solar Energy Consumption

Similar to the above, being conscious of your energy usage, in general, can help extend the life of your solar system. Taking extra steps on a daily basis to reduce your energy consumption can reduce the demand on your panels and help them last longer and work more efficiently. 

Additional steps you can take to reduce your energy consumption include shutting down your computer when you’re not using it, turning off lights when you leave a room, and setting your thermostat to a comfortable temperature that doesn’t require the A/C system to run all day. 

Speaking of A/C systems, did you know cooling and heating account for 47% of energy use in your home? Not only can setting your thermostat to an energy-efficient temperature help reduce cooling and heating energy consumption, but using energy-efficient blinds and curtains, cleaning your air ducts regularly, and proactive maintenance can reduce your cooling and heating systems energy consumption.

Don’t forget to take a look at your “vampire” appliances as well, which use energy even when they are switched off. Common appliances that do this are printers, gaming consoles, TVs, and the microwave. We recommend unplugging these inactive appliances when they’re not in use to avoid sucking unnecessary energy from your home, especially if you leave the house for extended times like on vacation. 

Monitor Solar Panel Performance

Part of being proactive in the maintenance of your system includes monitoring the performance of the solar panel system. This involves using a meter data system, which manages and analyzes the data it pulls from your system. 

In having a system that monitors the performance of your system in real-time, you can make assessments and make smart decisions to maintain the health of the system. This plays into making sure those regular maintenance inspections are scheduled, and can also help you determine if the solar panel system needs attention sooner. 

Maximizing the ROI for your solar panel system can be easy, but you need to take the steps necessary to make sure that it happens. A successful system can only do so much on its own, and like any other investment, needs proper care and attention to perform its best. Call us today to make the switch!

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