How Solar Panels Impact Home Value Installing solar
Installing solar battery storage has a lot of benefits for Colorado homeowners, but it’s not an insignificant investment. If you’ve had your eye on a battery storage system like the Tesla Powerwall for a while now but aren’t sure whether solar batteries are really worth the cost, keep reading.
Solar Power Pros has been installing residential solar panel systems in Colorado since 2013. We are a locally owned and operated solar company and have spent over a decade figuring out what works best for Colorado homeowners who want to save money with solar.
The results we’ve seen from real solar owners in Colorado prove the value of solar battery storage. With battery storage, you’ll save more money, use less fossil fuel, and have invaluable backup power during a grid outage.
With solar plus battery backup, you will never have to deal with a power outage again. Solar batteries provide emergency backup power during a grid outage so you can keep your essentials running and your family safe. Without a battery, your solar panels will automatically shut down during a power outage.
Solar battery storage is invaluable if you’re on a time-of-use rate (TOU) plan with your utility. Under a TOU agreement, electricity costs more when it’s in high demand, which is generally in the late afternoon and early evening—around the same time your solar panels stop producing electricity for the day. So even though you’re saving money during the day with solar panels, you will have to pay for the electricity you buy from the grid at night, and that electricity is going to be more expensive than it would be any other time.
If you have a battery, however, you can store the excess electricity your home solar panels generate during the day and use it to power your home at night. With battery storage, you will avoid TOU rates and save even more money on your electric bills.
Most electricity is produced by burning fossil fuels, which means the less you buy from the grid, the less you contribute to carbon emissions. Solar batteries allow you to use more of the solar energy you produce so you can get the most out of your investment in solar power while simultaneously reducing your fossil fuel consumption.
Solar battery costs can vary significantly depending on the type and number of batteries you install. The average cost of a solar battery installation is usually somewhere between $10,000 and $20,000 but it’s almost impossible to provide an accurate estimate without learning more about your home and backup power needs. Solar Power Pros offers free, virtual assessments to get you the answers you need fast. We use satellite imagery and your past electric bills to get all the information we need about your home and electricity consumption to provide an accurate solar and battery installation cost estimate.
Right now, you can save 30% on your solar battery installation with the federal solar tax credit. The solar tax credit reduces what you owe when you file your federal tax return by 30% of your solar installation costs for the year you install your system. Almost all expenses related to a solar installation are eligible for the tax credit, including solar battery storage systems like the Tesla Powerwall. Learn more about solar tax credits and incentives.