Do Not Pay Upfront To Install Solar Panels

High installation costs keep many homeowners from buying and installing solar panels that they own.

Do not pay upfront to install solar panels.

The annual billing cycle starts the same date your system turns on not necessarily the date it was installed and ends a year later. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. 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. The rising cost of electricity from traditional sources makes solar installation seem like a no brainer for many homeowners.

What s the return on investment for 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. A solar company installs and services the panels. Leasing means low or no up front costs.

Zero upfront cost best price guaranteed. But the true cost of solar panels and whether they ll help you save. However if you can t pay for a solar panel setup up front you may be eligible for affordable financing options. Average lease costs are between 50 250 per month based on the size and overall production of your system.

But how much do solar panels save on electricity bills. 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. Here s how it works. 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. When you first install your solar panel system your local utility company will provide you with an option to pay yearly.