Do Not Pay Upfront To Install Solar Panels

Leasing means low or no up front costs.

Do not pay upfront to install solar panels.

Department of energy s national renewable energy laboratory nrel recommended that consumers compare as many solar options as possible to avoid paying inflated prices offered by the large installers in the solar industry. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. The rising cost of electricity from traditional sources makes solar installation seem like a no brainer for many homeowners. Average lease costs are between 50 250 per month based on the size and overall production of your system.

Zero upfront cost best price guaranteed. Homeowners who would prefer the convenience of a lease but want to pay only for the power coming off the panels instead of leasing the panels so your payments can be variable while solar lease prices are at pre determined rates. Here s how it works. However if you can t pay for a solar panel setup up front you may be eligible for affordable financing options.

What s the return on investment for solar panels. High installation costs keep many homeowners from buying and installing solar panels that they own. A solar company installs and services the panels. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.

But how much do solar panels save on electricity bills. When you first install your solar panel system your local utility company will provide you with an option to pay yearly. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. But the true cost of solar panels and whether they ll help you save.

Lower electric bills with a solar power system. The annual billing cycle starts the same date your system turns on not necessarily the date it was installed and ends a year later.