What is the cost of solar panels anyways?
There seems to be so many different answers to this (as we’re sure you’ve found in your searches).
Gone are the days of unaffordable solar energy and sky-high energy bills….but how? and why?….
Home Professionals breaks it down to the very basics today, and we’ll help you go from there!
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Cost of Solar Panels: The Basics
Yet, 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.
Don’t stop reading there–you’ll miss the more important parts. (If you really can’t wait, sign up below to get more info fast).
Cost of Solar Panels: Why You Need to Know More Than the Basics
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 you might think.
Many homeowners are now leaving the outdated methods of fossil-fuels and trading them in for residential solar panels.
Why? Because it’s better for the environment, yes. But mostly, it’s about those green energy savings.
This cost of solar panels has gone down significantly over the years, and it’s even more affordable now with tax incentives, gov. rebates, and solar programs.
The Alternative Energy Solar Project (a solar program of the sort we just mentioned) is using the 30% incentive as well as private funding from investors to lower energy bills and the cost of solar panel installation for American families.
Using those tax incentives and investments, 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 here.
Alternative Energy Solar estimates that they will save individual homeowners up to $2,400 a year. And using solar energy vs. fossil-fuel energy actually saves homeowners thousands of dollars over the years just in energy bill cuts.
That’s not a small amount of money. That’s why it’s so important you understand your options when it comes to solar energy.
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Cost of Solar Panels: Financing Your Own Solar Power
There are also 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 powerstation 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 involves buying the solar panels 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 which program will work best for you, simply use the form below and we’ll help you out.
Cost of Solar Panels: Why You May Want Your Own Solar Power System
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 panel 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.
The cost of solar panels are falling every year as research and funding makes it more cost-effective and affordable.
Between government rebates, the federal solar tax credit, 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.
So why waste any more time? Learn today which solar program is going to save you the most money and get you the most savings by using the form below.