Switching to solar power generation is one of the most effective ways for homeowners to start saving money. Solar energy is abundant and renewable, making it a sound investment for the future. The cost of solar systems has come down significantly in recent years, making solar more accessible to homeowners across the country.
Despite this progress, many people are still hesitant to switch to solar due to misconceptions about its affordability. There are multiple ways that homeowners can save money on solar power in reality.
Here are a few tips for getting started:
Shop Via A Quote Aggregator
If you intend to purchase solar panels outright, it’s important to compare quotes from different companies. A good way to do this is by using a quote aggregator like EnergySage. By providing your property information and the size of the system you need, EnergySage will provide you with a list of qualified solar installers in your area and show you the best deals available.
You can also use the Solar Marketplace to receive competing quotes from different solar companies.
Obtain multiple bids
If you don’t want to use an aggregator, the easiest approach to save money is to research and compare prices. Obtain bids from at least three different installers. This will give you a good sense of the range in prices, as well as the quality of products and services each company offers.
Be Sure To Ask About Financing Options
Many homeowners are surprised to find out that they can finance their solar system through their mortgage or home equity line of credit. In some cases, solar companies will even offer their financing options. Be sure to ask about all the different financing options available so that you can choose the one that best fits your needs.
Pay Attention To System Size And Style
When sizing a solar system, it’s important to ensure you’re not overestimating or underestimating your needs. A system that’s too small won’t be able to meet all of your energy needs and will end up costing more in the long run. Conversely, a system that’s too large will result in higher installation costs and might not be necessary for your needs.
The style of solar panels also plays a role in cost. Solar photovoltaic (PV) panels are the most common type of solar panel, but thin-film and concentrator solar PV systems are also available. Each has its advantages and disadvantages, so be sure to do your research before deciding.
Choose Smart Financing
You may be able to save money depending on how you pay for a residential solar system. Instead of accepting the installer’s financing offer, you might go to your bank or credit union and apply for a loan. You could even seek a home equity loan and use the proceeds to pay for the installation.
Solar leasing and power purchase agreements (PPA) allow you to lease the equipment from the installer and pay for the electricity it produces over time. If you don’t have the cash available to buy a system outright or finance one, these options can be a good choice. Just make sure you understand all of the terms before signing any agreements.
Install When It’s Cool
Working on a rooftop in 100-degree temperatures is not for everyone. This means that the solar panel installation business (and cost) has a seasonality that changes based on where you live in the country. If you live in Australia, the installation cost is lower in winter. In California, it’s the opposite, and you’ll save money by installing in summer. In most cases, it’s cheaper to install solar panels when it’s cool because installers can work more quickly and efficiently.
Consider Leasing
If you don’t want to go through the hassle of owning and maintaining your solar system, you can always lease one. This option is becoming more popular as leasing companies are popping up all over the country. Leasing a solar system typically doesn’t require a down payment, and you’ll often have lower monthly payments than if you bought the system outright. Just read the lease agreement carefully and understand all of the terms and conditions before signing on the dotted line.
However, keep in mind that leasing has several disadvantages. Leases, for example, will not be eligible for any of the tax benefits offered to homeowners who purchase and install solar systems on their cash.
How To Find The Best Solar Company
When you’re ready to go solar, the most important thing you can do is choose a reputable and experienced solar company. There are a few things you should keep in mind when looking for a solar installer, such as:
Make Sure The Company Is Licensed And Insured
The first thing you should do is check if the company is licensed. You can also ask for references from past customers to get an idea of the company’s work quality. In addition, be sure that the company has insurance if something goes wrong during the installation process. Solar companies often have their insurance policies, but it’s always a good idea to ask about it before hiring anyone.
Ask For A Quote
Don’t just go with the first company that comes along. Get quotes from several companies and compare their prices, services, and warranties. Be sure to ask about any hidden fees or installation costs and determine how long the warranty is for. The best solar companies will have a no-pressure sales policy and be willing to answer all of your questions.
Do Your Research
Before you make any decisions, be sure to research the different types of solar systems and how they work. There are a lot of variables to consider, such as:
- The size of your home
- Your energy needs
- The amount of sun exposure your home gets
- The cost of installation
- The cost of electricity
By understanding the basics, you’ll be able to make an informed decision about which solar system is right for you.
Ask For Recommendations
It would be helpful if you ask for recommendations from family or friends who’ve recently gone solar. Not only can they give you an idea of what to expect, but they may also be able to put you in touch with a reputable solar company. If you don’t know anyone who’s gone solar, you can always check online forums or review sites to get unbiased opinions about different solar companies.
Frequently Asked Questions
What are the benefits of solar power?
There are several benefits to installing solar panels, including:
- Reducing your reliance on fossil fuels
- Cutting down on your electricity costs
- Helping the environment
Can I install solar panels myself?
While it is possible to install solar panels yourself, it’s not recommended unless you’re an experienced electrician. Solar panel installation is a complex process that requires specialized knowledge and skills. It’s best to leave it to the professionals.
How much does solar power cost?
The cost of solar power varies depending on many factors, including:
- The size of your home
- Your energy needs
- The amount of sun exposure your home gets
- The cost of installation
- The cost of electricity
The average cost of a Solar Panel is between $15,000 – $20,000.
What are the disadvantages of solar power?
Solar power has several advantages, but there are also a few disadvantages to consider, such as:
- The initial cost of installation can be high
- Severe weather conditions can damage solar panels
- Solar panels require regular maintenance
- Leasing solar panels can limit your tax benefitsCan I sell excess energy generated by my solar panels?
Yes, you can sell any excess energy generated by your solar panels back to the grid. In most cases, you’ll be paid for every kilowatt-hour of electricity that you generate.
What is net metering?
Net metering is a system that allows you to sell any excess energy generated by your solar panels back to the grid. In most cases, you’ll be paid for every kilowatt-hour of electricity that you generate.
What are the different types of solar panels?
There are several different types of solar panels, including:
- Monocrystalline solar cells
- Polycrystalline solar cells
- Thin-film solar cells
- Amorphous silicon solar cells
- Multijunction solar cells
What is the lifespan of a solar panel?
The lifespan of a solar panel depends on many factors, including the type of solar panel, the amount of sunlight it receives, and the quality of installation. Most solar panels have a lifespan of 25 to 30 years.
What are the different types of solar energy?
There are several different types of solar energy, including:
- Solar thermal energy
- Concentrated solar power
- Photovoltaic (PV) cells
Is solar power the right choice for me?
The best way to determine if solar power is right for you is to calculate your electricity usage and see how much it would cost to install solar panels. You can use an online calculator to help you with this process. If you’re still unsure if solar power is the right choice for you, speak to a solar expert about your options. They can provide you with more information and help you decide if solar is the right choice for your home.
Final Thoughts
Solar power is a great way to save money on your energy bill, and it’s also good for the environment. However, solar panel installation can be complex and expensive. Before you decide to install solar panels, it’s important to research and calculate your electricity needs. It will help if you also speak to a solar expert to get more information about solar power and whether or not it’s the right choice for you.
Quality Solar Panel provides a full range of solar products and services to meet your needs, including residential and commercial. Give them a call today to see how they can help you save money on your energy bill! Plus, they offer a free consultation to help you determine if solar power is the right choice for you. Search for Solar Central Coast installation near me to get started.
