Are you thinking of going solar but you’re afraid of the up-front costs?
There’s no denying that purchasing solar panels for your home can be pricey, especially if you want to get a system that’s big enough to eliminate your energy costs. They can run well into the tens of thousands of dollars, but there’s more than meets the eye when it comes to installing solar.
Yes, there are ways to get cheap solar panels. In this post, we’re going to go over how you can do this and tell you why going solar is the best thing for you, your finance, and the planet.
Solar Panel Cost…
The cost of your solar panels depends on a few key factors. One is actually where in the country you reside, as the price of solar differs based on various factors, namely latitude, and climate. The other main consideration you need to make is how many solar panels you need to power your home.
Obviously, buying more solar panels costs more money, so finding the right balance is important. If you go for a cheaper solar panel system and it doesn’t quite cover your energy costs, then you still have to factor monthly bills in. A larger system might cost more initially, but you do save money on bills in the long run.
The average solar panel installation costs somewhere around $25-30,000.
Can You Buy Used Solar Panels?
People often wonder how to get cheap solar panels and the truth is, the best way to go is new. That being said, you can scour local listings for used solar panels, which people are always selling.
These are usually best when you’re using solar for a smaller project. Since panels degrade over long periods of time, if you don’t know how old they are or what condition they’re in, you don’t want used ones on your house.
Lowering the Up-Front Cost
There are ways to lower the up-front cost of solar panel installation. One of the most interesting is zero down solar, which requires you to pay none of the panel or installation cost at the time of installation. Instead, you pay it off in monthly installments, which are usually going to be offset by your energy savings.
The other thing to consider with solar installation is how much money you get back through rebates and tax breaks. The federal investment tax credit for solar panels alone cuts the cost of solar installation by 26%. There are various state and local rebates available as well.
If you produce excess energy, you’ll get renewable energy certificates. You can, in turn, sell these to local power companies, which are required by law to produce a percentage of its energy through solar. This is just another way to make back a bit of money to offset installation.
Cheap Solar Panels Are Possible
As you can see, through various means, it is possible to get cheap solar panels. Whether you decide to go with the riskier option and buy used or you decide to finance your panels with zero down, there’s no reason that a lack of finances should prevent you from lowering your carbon footprint and helping the planet.
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