How much do residential solar panels cost anyways?
The national average cost of solar arrays are around $3.75 per watt.
And the average pv solar system is about 5000 watts, which amounts to $12,500 just to go solar (after the ITC discount).
Does that sound like way too much?
Though this still seems expensive, a solar power system costs about 12% lower than they did in 2015, and the costs just continue to fall.
While these steep up-front costs can often make a homeowner reserved about the investment, a closer look into solar options show that residential solar systems are actually much more affordable than one would think.
Gone are the days of unaffordable solar energy and sky-high energy bills.
Many homeowners are leaving the outdated methods of fossil-fuels and trading them in for residential solar panels.
The Alternative Energy Solar Project (the promotional manager over S.A.V.E., a solar panel repayment system for middle-class families) is using around 30% of tax incentives and federal rebates, as well as private investors, to lower energy bills and the costs of solar panel installation for middle-class families.
Using those tax incentives and rebates, Alternative Energy Solar provides no-cost residential solar panels to middle-class homeowners around the U.S.
If you’re interested, you can get a free quote and information from using the form below.
Alternative Energy Solar estimates that they will save individual homeowners up to $2,400 a year.
There are 3 different ways to finance your solar investment.
The good thing is, you don’t have to pay for everything yourself.
Yes, solar is more affordable now, but it’s even more affordable when you add in state and federal tax incentives as well as solar programs.
There are three main models to choose from–the PPA (Power Purchase Agreement), lease, and purchase models–when selecting the best option for your home.
The PPA model allows for homeowners who want the energy savings but don’t want to invest all that money into their own solar power system.
The solar company essentially puts up a mini power-station on the roof, and the homeowner pays for their energy from that solar company at a drastically reduced price.
The lease model is much the same except the homeowner pays a little more each month until they own the solar system over time.
The purchase model is buying the solar arrays outright. This is great for homeowners that can foot the bill (not a bad bill when you consider the ITC and how much costs are falling), and it generally offers the most savings–usually reducing their energy bill to zero.
Each model has its benefits and will fit different homeowners best. To find out more use the form below!
How to access your tax incentives.
Another important thing to consider when looking at the cost of solar panels, are tax incentives for those who own their own pv solar panel systems.
The federal solar tax credit (or the investment tax credit) allows solar power system owners to deduct 30% of installation costs for their solar arrays.
This tax incentive applies to both residential and commercials systems, so if you own a business it could be very profitable as well.
In fact, this tax break saved homeowners around $9000 on the costs of switching to solar energy in the year 2015 alone.
Why you should act today
The cost of residential solar power panels are falling every year–and it’s cheaper now then it ever has been.
Between government rebates, the federal solar rebate, solar repayment programs, and different solar energy purchase models, homeowners have more luxury and freedom than ever to receive the benefits of solar energy today.
Get free quotes and access to your local solar professionals without all the work. Fill out the pro-finder form below and Home Professionals will do the work for you.