The Cost of Solar Panels: The Basics, The Incentives, And How You Can Afford Solar Energy Savings

What is the cost of solar panels? Residential solar panels are a lot more cost-effective and affordable than you may think. Home Professionals breaks down some of the basics, so you can feel comfortable making the best solar decision for you.

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

A simple google search of “cost of solar panels” can give you a lot of different results. It’s most important to now the basic cost of the solar panels, what kind of tax incentives you can take advantage of, and then how to finance it.

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).

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

The cost of solar panels has gone down significantly over the years.

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Many homeowners are now leaving the outdated methods of fossil-fuels and trading them in for residential solar panels.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.

Get Your Free Quote: 888-653-4924 

Cost of Solar Panels: Financing Your Own Solar Power

There are a few options when it comes to financing your solar panels. We’ll help you find the one that’s right for you.

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.

Get Your Free Quote: 888-653-4924 

Find Out If You Qualify For Solar Funding!


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They will need to verify your information over the phone before they will know if you are a good candidate for solar.

Frequently Asked Questions about Solar:

Q: What is the ITC?

A: The Federal Government in the year 2019 will pay for 30% of your solar cost. That's like the Federal Government paying 30% of your electric bill for the next 30 years.

Q: Is there a solar program that is 100% free?

A: No. There are programs without any enrollment, install, or maintenance costs. However, you still have to pay the lower power bill that comes accompanied with your electricity use.

Q: What energy efficient program offers the most savings?

A: Solar offers massive savings to the homeowner. Especially as electric rates tend to rise year after year, and homeowners are using more power as they are adding in home automation, tvs, speakers, etc.

Scale of Solar Prices Over Time

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