Information On Solar Panel Potential Expenses

Solar Balance of System

Balance of System (BoS) is a title that originally refers to all the extraneous “equipment” that is needed outside of the solar panels themselves. This involves all types of wiring and electrical components required to keep your system functioning. These components make up about 20% of the total expenses of your system installation.

Solar Inverters

These are vital components of your residential solar system as they are directly responsible for converting direct current (DC) to alternating current (AC) which is what powers your household appliances and allows you to get energy from the grid. Inverters will fetch you about 10% of the total price of installation.

Solar Installation

Installation costs, like with anything you install in your home (that you don’t do yourself), will cost you some money. As far as private solar system installations go, this will contribute to about 15% of your overall costs. And these expenses include everything from the work to the permits you’ll need to obtain from roofers (to make sure your roof can bear the weight of the solar panels you are planning on installing) and your utility firm to enable you to connect your solar system into the grid.

Solar Maintainance

Finally, once everything is installed, you’ll need to take into account the operational costs to keep your system well-oiled and managed. These sorts of maintenance costs will make up about 20% of your overall prices.

Solar Financial Incentives

Based on the federal solar tax credit, you’ll receive a 30% rebate off the top of your residential solar system installation. This solely is a considerable incentive. On top of this though, your state might offer additional discounts and incentives for installing a home solar system. Some homeowners might even be able to shave off 50% off the top of their costs because of the rebates and incentives they are eligible for. Just as utility expenses change state by state, these incentives can also alter state by state.

Solar Incentives

One wonderful resource to use to determine what your state allows is the State Incentives for Renewables and Efficiency (DSIRE).

Bothered that you don’t have the money to spend? Some solar installers are extending great financing options, with $0 money down. In essence, the growth of the solar market is now significant enough to reach almost everyone.

Solar Ready to Bite the Bullet?

Once you’ve done your research, talk to as many people as you can who have solar systems installed in their homes. Determine what the pros and cons are of domestic solar system ownership. Identify what you’d save. Figure out the steps you’ll need to go through to get one installed. And get various quotes. As a recap, here are all the items that might potentially impact the expense of your system:

Solar Equipment

What types of solar panels will you install? How is your home set up for panel placement? What kind of roof do you have? Is the angle and attitude of your roof optimal to attract sunlight? Do you know if you will be connected to the grid? How large of a system will you need?

Solar Permits and Labor

What categories of permits will you need? What types of experts will you need to call? What will you need to do if a roofer assures you your current roof will not bear the weight of solar panels? What baskets will you have to jump into with your local utility supplier?

Now that you know what might be required, take the next step and reach out to HahaSmart today!

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