More Homeowners Considering Residential Solar Panels

Solar panels.

According to a Dec. 17 report from the Pew Research Center, an increasing number of U.S. homeowners are contemplating the installation of residential solar panels. The report is based on a survey conducted in October of over 3,600 U.S. adults.

Just 6% of U.S. homeowners say they have already installed solar panels at home, but interest appears to be growing.

In the South Atlantic region, 51% of homeowners report considering residential solar panels, which is an increase of 20% from 2016.

The weather in southern states make them ideal contenders for solar power. North Carolina, Florida and Georgia are three leaders in large-scale solar projects. However, only 3% of homeowners in Southern states report installing residential solar panels. One barrier is some southern states only allow the primary utility to complete the installation of rooftop panels. This makes the cost higher for the homeowner.

The number of homeowners in the Pacific and Mountain regions who report already having installed residential solar panels is much higher: 14% in the Pacific and 17% in the Mountain regions.

Homeowners provided various reasons for considering residential solar panels. 87% report they want to help the environment, 96% say they want to save money on their utility bills and 67% are motivated by receiving a solar investment tax credit. Available since 2005, homeowners can still obtain the tax credit through 2021 for residential projects.

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