Jasz
VIP Contributor
If you want to invest in solar power, there are a few things that you should know.
First, you need a good understanding of how much money you can afford to invest. How much do you have in savings? How long do you want the system to be operational? What types of investment alternatives do you have?
Second, consider whether or not your property has enough sun exposure and space for solar panels. Are there any trees around the property? Do they block sunlight from reaching your solar panels? If so, can they be cut down? If not, how will they affect the efficiency of your system?
Third, find out what kind of warranty is given by the manufacturer when purchasing their equipment. What does it mean if their equipment stops working after only three years? Is there an extension clause in their warranty? These kinds of questions will help determine whether or not it's worth buying into a certain brand's products over another one's with similar specs but less favorable terms - especially if those other brands offer better warranties.
First, you need a good understanding of how much money you can afford to invest. How much do you have in savings? How long do you want the system to be operational? What types of investment alternatives do you have?
Second, consider whether or not your property has enough sun exposure and space for solar panels. Are there any trees around the property? Do they block sunlight from reaching your solar panels? If so, can they be cut down? If not, how will they affect the efficiency of your system?
Third, find out what kind of warranty is given by the manufacturer when purchasing their equipment. What does it mean if their equipment stops working after only three years? Is there an extension clause in their warranty? These kinds of questions will help determine whether or not it's worth buying into a certain brand's products over another one's with similar specs but less favorable terms - especially if those other brands offer better warranties.