Let's Go Solar! Here Are Some Cost Considerations

What are you thinking about?  Besides solar?  Is it perhaps why denim pants are called jeans?  That's what I am thinking about, well, besides the subject of which I am ALWAYS thinking about, yes, solar.  However, do you consider yourself a ponderer of sunshine?  Well, now that you are, think about how that sunshine could help you save you money on your utility bills. But listen here right person, this sunshine fed solar panel system I am about to tell you about can save you money.  It could save you nearly $20,000 over the next 10 to 20 years, depending on your state. All you need is to buy this solar energy system.

You’ve probably heard solar panels are costly, so had we. That’s why we were shocked to discover you can genuinely to get solar panels cheaply, or even for zero money down at all.

Interested? Below, we answer all your inquiries about using solar panels.

How Much Do Solar Panels Cost?

If you’re interested in solar, both for economic or environmental reasons, you may not have made a move because you’re suspicious of the high upfront expenses. After all, household solar photovoltaic solar panel systems fetch an average of $23,000 to install. Yet, that price is before tax credits and other incentives and doesn’t take into reckoning the possibility of “no down” options through solar financing. It’s also worth contemplating that a  solar panel system is a long-term investment; it’s not a new (and constantly-changing) technology like your iPhone.

“[Solar energy] was made commercially available in 1954, so it’s been around for more than 60 years,” describes Erica Johnson, manager of community development.

“It’s a ‘set it and forget it’ technology. It’s not going to need to be replaced in five years… It will be producing solar energy for 40 years.”

Solar Tax Incentives

Thanks to an abundance of tax incentives at the federal, state and local levels, you can decrease your taxes by thousands of dollars just for installing solar panels. To determine what your state suggestions, search this database of renewable energy incentives.

It can get complex quickly, though, so we suggest enlisting some solar experts to help you operate and win the process and save the most cash. 

As for the federal tax incentive, it’s identical across the board: a credit worth 30% of the costs you incur installing a solar energy system in your house. That suggests if you buy a system that fetches $20,000, you can decrease the amount you owe the IRS by $6,000. 

Purchasing Solar Panels

If you purchase your system outright, it will possibly require you $10,000-15,000 upfront, after taking into account the tax credits and other incentives you’ll get.

Though that may seem like an enormous expense, keep in mind it’s a long-term investment. Over the next 20 years, you’ll save an approximated $20,000-30,000, recouping your initial expenses after six to 10 years. 

Just make sure, and promise us here at HahaSmart you will have a look at what we can offer you on the cost of solar panels and cost of solar installations. We will strive to find you the best prices available. Follow the solar experts. Try our price checker tool. It tells you how much solar power you need and how much you can save on your energy bills each month.