How to Go Solar When You Have a Tight Budget

While you already know that you definitely want to go solar and install solar panels on your home, you might have looked up how much it costs and have no clue how you can possibly afford it. If you’re fully invested in solar, and the only thing holding you back is your budget, going solar isn’t as impossible as it may currently seem. You just need to consider some money-saving factors and cost cutting techniques you can take advantage of when you make the switch over to solar energy. Solar is becoming increasingly cost-effective, and it’s becoming everyone’s best interest to switch over to as much renewable energy as possible. Because of this, more and more ways to save you money on your solar costs are cropping up every single day. Keep reading this article to learn exactly what you can do in order to switch over to solar despite your budget.

There are multiple design options that can help you save money.

There are some innovative companies out there, and one of the top innovative companies is Tesla. Tesla is looking to start installations of their glass solar roof tiles shortly, which is how they plan to revolutionize solar technology. With these glass roof tiles, solar will be easier to access for people on a budget because of how much cheaper glass solar roof tiles are. Not only are they much cheaper to install, but they also look better than traditional roof panels because they blend in with your roof.

Another innovation is thin film panels. Though they are much less efficient, they are the cheapest solar panels currently available on the market. If you don’t mind sacrificing some of your efficiency for cheaper solar panels, these may be the right choice for you.

Take advantages of incentives and consider dipping into your savings.

When it comes to solar, there are various rebates, credits, and incentives that can help you pay for your panels and make your money back in order to help you lead the way towards a green future. While banks are becoming more conscious of climate change and vow to do their part with green loans and other initiatives, they aren’t the only ones. Things like rebates from utility companies, tax credits, and solar loans are all ways you can get help paying for your solar panels.

An excellent way to avoid the route where you have to get help is through consistent savings. It’s solid advice that you should put 10% of each paycheck into your savings, and while you may be waiting to use that for an emergency, solar panels are an excellent reason to dip in, as they are an investment.

More about tax incentives and rebates.

A 30 percent federal tax credit is currently available for anyone who installs solar on their home. But you have to act fast. This tax credit is lowering each year, and it will be completely gone by 2022. This is a great way to get your money back, but you’ll want to make sure you get it before it’s gone.

Most people are able to pay back their solar system within seven years, making it an excellent return on investment. Even though it might seem like a huge financial burden when you’re on a budget, consider the overall savings and various routes you can go in order to get your solar energy for cheaper.

Want to learn more about the economic advantages of going solar? Check out the HahaSmart blog for more information!

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