Do Not Pay Upfront To Install Solar Panels

Department of energy s national renewable energy laboratory nrel recommended that consumers compare as many solar options as possible to avoid paying inflated prices offered by the large installers in the solar industry.

Do not pay upfront to install solar panels.

A recent report by the u s. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. The rising cost of electricity from traditional sources makes solar installation seem like a no brainer for many homeowners. When you first install your solar panel system your local utility company will provide you with an option to pay yearly.

What s the return on investment for solar panels. But how much do solar panels save on electricity bills. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. The annual billing cycle starts the same date your system turns on not necessarily the date it was installed and ends a year later.

Savings that a solar panel system will bring to your monthly electric bill will number in the tens of thousands so do not hesitate to install a solar panel system today. Average lease costs are between 50 250 per month based on the size and overall production of your system. Homeowners who would prefer the convenience of a lease but want to pay only for the power coming off the panels instead of leasing the panels so your payments can be variable while solar lease prices are at pre determined rates. Assuming you don t have the cash to buy your solar energy system upfront like the vast majority of americans there are a variety of financing options to help you hitch onto the solar bandwagon and start increasing the value of your home.

High installation costs keep many homeowners from buying and installing solar panels that they own. Here s how it works. However if you can t pay for a solar panel setup up front you may be eligible for affordable financing options. Lower electric bills with a solar power system.

Zero upfront cost best price guaranteed. A solar company installs and services the panels.