If your electricity prices are low, your solar savings will be as well.
The ultimate benefit of solar energy is that it reduces your use of utility-provided electricity, saving you money each month. That condition, however, requires that a household has significant electric bills, to begin with. As a result, installing a solar panel system isn’t nearly as appealing to a house in Louisiana, where the cost of power is more than 25% lower than the national average, as it is to a homeowner in Hawaii, where the cost of electricity is more than double the national average.
Up-front solar expenditures can be scary if you do not have access to solar finance.
There is a national discussion about how much homeowners must spend out of pocket for solar. The overall out-of-pocket cost of a solar panel system is determined by tax credits, rebates, and the financing option you select. Though you can easily obtain a number for the average cost of solar in your state or even a personalized estimate for your home, the short answer is that the up-front cost of solar is high if you do not qualify for a zero-down solar loan.
The downside is obvious: not everyone has the cash on hand to invest this magnitude with an upfront payment. However, there are a variety of solar financing solutions available to assist you in avoiding this solar fraud, such as state-backed credit programs, leases, and power purchase agreements.
It can be tough to find reliable, local solar installation and quickly compare rates.
Many homeowners have a preconceived notion about solar. It has to do with pushy door-to-door solar salespeople that encourage clients to accept a 20-year solar contract before explaining the entire scope of the offer or the solar company’s trustworthiness. Solar is one of the world’s fastest expanding businesses, and many companies are using aggressive sales strategies to gain a fair piece of the industry. As a result, buying solar can be a stressful and complicated experience for many people. Fortunately, there are simpler ways to shop for solar that put the homeowner in charge. The EnergySage Solar Marketplace is a completely online comparison-shopping platform where you can compare solar quotes from top pre-screened contractors in your area.