Solar power is more affordable and accessible than ever. But some homeowners find all the solar options available to them confusing or overwhelming. Don’t fret. We have solid answers for you.
Affordable Savings—Better Investment
While solar power used to be a luxury only the rich could afford, research and solar tax incentives have made solar available for the average, middle-class American family.
Thanks to solar tax incentives and rebates, you can completely cut down the costs of installing a home solar power system. And if you can’t use all your rebates in one year, the credits roll over into your next tax year.
Furthermore, these incentives and rebates make it possible for solar businesses to contract with you for more affordable solar options.
If you’re interested, these rebates won’t last much longer. So contact your solar professionals today to see how you can access and utilize your tax incentives.
What Financing Options Are There For Home Solar Power?
There are the PPA (Power Purchase Agreement), the lease, and the purchase options for solar power contracts.
The PPA is awesome if you don’t really have any savings, and you don’t want to invest a ton of money into solar. You contract with the solar company for about 20 years.
Now, that might sound like a lot, but you don’t typically switch power companies often. You get free solar installation, you don’t need to pay for the solar panels, and you essentially “rent” electricity from the solar company for a fraction of your current energy bill.
The lease option is basically the same thing except you’re paying a little bit on the panels each month. Usually this option is good for people with some savings and who want to spend a bit more to own the panels one day.
Then of course, you can purchase the panels. This option is best for families who can foot the steep up-front costs. And it’s totally worth it if you can. You pretty much cut your power bill down to nothing with this version. No more power bills? Yes, please.
How Does Solar Power Work Anyways?
Most people are aware of how solar power works because of the popularity of solar panels. Especially since solar panels are now so affordable for families.
Getting solar panels installed on your roof can save you thousands of dollars over the years.
Solar panels collect the sunlight through semiconductor materials called solar cells. The electrons are loosened from their atoms and they travel through the cell and create energy.
These cells are about 22-23% energy efficient. It may not sound like much, but it’s actually a good conversion rate.
The solar panels, or the photovoltaic cells, convert the sunlight into electricity. This electricity has a DC current, but it needs to be AC because that’s what all our appliances run on. So inverters actually convert that current from DC to AC. Then the electrical panel supplies energy to your appliances.
Typically, there is also a battery of some sort that holds the excess energy until it is needed, such as at night. A utility meter will also measure the energy you use and what the power company is gathering from you.This results in cuts on your power bills or even your energy company owing you for the energy you supply back to the grid.
Solar Power Is Multi-Functional
Solar power is versatile, clean, and renewable.
The future of solar energy is vast and full of hope.
Is A Solar Power System Worth It?
Solar power has so many functions, and it is an ever-expanding industry.
Home solar power systems are going to cut down your energy bill no matter which type of contract you get. Home solar power systems can potentially save you thousands of dollars over the years. And there are so many options to choose from in order to finance your own home solar power system—whatever your finances may be right now.
In fact, if you just go here you can get a free solar quote for your area from local solar experts. Or you can get connected with your local solar professional team by filling out the quote form below.