The cost of electricity has become a growing concern for many homeowners, with summer approaching just the thought of those summer bills is enough to make most homeowners cringe. One of the best Facts about solar energy is that California leads the nation in residential home solar installations. According to the Solar Energy Industries Association, “Solar panel costs have fallen significantly in the last 5 years and now installing solar panels can be one of the best investments you can make for your home.
There are also now a lot of products on the market utilizing sophisticated financing vehicles to make solar panels for your home affordable.” Available incentives further drive down the cost of adding solar panels to your home.
Is your home suitable for Solar if so what does it cost?
Chances are your home gets enough sun exposure to make a solar installation financially viable. Every rooftop is different, but once potential solar customers begin exploring their options, they often find that the total up-front cost of solar is less relevant than the financing terms, return-on-investment, and cash flow calculation. Solar leases and other innovative financing models mean that many people can go solar for little or no money down.
Benefits of Purchasing Your Solar System.
Own your solar panels outright and save tens of thousands over the next 30 years. Most home owners will pay themselves back within 5-7 years, after that its free electricity. Homeowner’s who purchase will also qualify for a 30% Federal Tax Credit. Solar finance companies offer consumer terms up to 20 year terms and low APR’s make owning a system affordable.
Benefits of Leasing Your Solar System.
When you lease solar panels there is typically $0 up front. What you get is solar energy at a rate lower than your current utility, the rate is fixed for the next 20 years. A lease is a good option for customers looking to immediately reduce their electric bills without any out of pocket cost.
If you have more questions about how to get your solar panel installation, contact Sunlux today and get informed with the best solar energy facts. They are here to help to make sure you make the right choice and save the most money. Consult all your options before you switch.