Solar Panel Cost
How much will it cost me to go solar?
Solar panel cost is the main obstacle most have to overcome when making the decision to change the way they use and produce energy.
Does a solar power system make sense?
This is the question we are confronted with most often when inquiring about solar panel cost. YES – solar makes sense if you are able to reap the benefits by sizing and installing the solar system correctly. What does that mean? It means that if you have a roof that has good sun exposure and can fit a solar system that is well-sized for your consumption, there is virtually no reason why you should not go solar.
Is solar power a good investment?
Without going into specifics, the simple answer is “YES,” In fact, solar is one of the best investments you can make. You are currently renting electricity! Imagine owning the energy you produce rather than “renting” it from your utility. That alone justifies the investment. Besides the financial benefit of owning your energy-producing equipment, there are many other aspects to consider. An important one is the added value a solar system brings to your home. A recent study conducted by NREL (National Renewable Energy Laboratory) shows a home with an installed solar system appreciates 20% more and sells 17% faster than a home without installed solar.
Is there a federal tax credit to install solar?
Yes! There is a Federal Tax Credit you can benefit from when you install a solar power system. The end of 2019 also marked the end of the 30% federal tax credit for solar. To make things simple, please see below for federal tax credit steps by year:
2019 – 30%, | 2020 – 26%, | 2021 – 22%, | 2022 – 10%, | 2023 – 0%
A tax credit significantly reduces your solar panel cost. It might not be too late to benefit from a solar federal tax credit. Please keep in mind, solar systems must be installed and operational by December 31st of the year in question in order to take advantage of the tax credit for that year. We suggest consulting a tax professional for tax information specific to you.
What’s another reason why solar power is a great idea?
Another great reason to go solar is to protect yourself from rising utility rates. Without going into specifics or historic rate increases, going solar means you are now generating your own power, therefore, the steady growing percentage of utility rates no longer impact your finances as they did prior to having solar installed.
What sort of maintenance is required for a solar system?
Most residential solar systems do not have any moving parts, therefore, do not require any maintenance. Keeping your solar panels clean means higher energy generation. We work with numerous solar panel cleaning companies that are able to come out periodically and clean your installed solar panel system. Feel free to ask us for a recommendation and we will put you in touch with a solar panel cleaning professional.
How do I know what size system to purchase?
When choosing to make the transition from renting your energy to owning it, an important aspect to consider is the size of the solar system. The size of the solar system impacts the price, the production, the offset of your electric bill and, of course, the ROI you will receive on your investment. This is why it is important to size your system correctly. An oversized solar system reduces your ROI. An undersized solar system leaves money on the table. The energy advisor will carefully study your electricity consumption history and properly size a solar system for you.
How do I choose the right solar company?
Congratulations! Sounds like you’ve made the decision to go solar and now it’s time to figure out who is going to install it for you. When choosing a solar company, here are a few aspects to keep in mind:
- longevity – how long the company has been in business?
- company standing – what their existing customers are saying about the company?
- financial options – not everyone pays cash for a solar system. Can the company assist you in securing financing for your project?
- structure – does the company have a predefined timeline and adequate project management experience?
- warranty – what sort of warranty do they offer on the materials, installation, and production?
- experience – more systems installed means more experience.
- no pressure -no pressure should be applied to purchase from a certain company. It’s important to take your time and be comfortable with your decision prior to moving forward.
- staff – choose a company that has dedicated staff handling each step of the process. This ensures your solar system will be installed as fast and correctly as possible.
We covered the basics of solar system cost, tax benefits, maintenance, and what you should look for when choosing a solar contractor. Now that you’re ready to move forward, please feel free to contact us at 951-696-9669 for more information or fill out THIS form and we will be in touch with you. We value your time and privacy. If you prefer an online consultation rather than an in-person one, we are happy to provide one to you. For examples of solar systems we have built, click – solar system examples.
For more information about our company, visit our about us page.
To learn more about the solar post-sale process, click HERE.
We look forward to building your solar system!