The average total cost of solar installation can be $15,000 to $30,000 for the average system capacity of 4kW to 8kW. Steady falling system costs make it easier to obtain residential solar units whether lease or purchase. However, why assume the cost of owning photovoltaic panels at your home if leasing is an option for you.
Today’s fastest growing trend, for those who qualify, is residential Solar Leasing or Power Purchase Agreements (PPA). In either case there can be no initial investment on the part of the homeowner who begins saving dollars on day one.
Energy rates are locked in for a 20 year period regardless of what happens with conventional energy’s upward trends. The home using solar power is contractually guaranteed to save 20% on electricity regardless of the grid market. That guarantee comes along whether a conventional purchase or lease agreement.
The main leasing benefit is very simple; the homeowner incurs no upfront cost for installation or future maintenance and optimization. Owning your own solar panel system will generate incentives such as rebates and credits to help offset those responsibilities.
In summary: Your solar energy system will be designed specifically for your home and its usage history. This ensures that you’re not installing too much or too little capacity which will not deliver the guaranteed results. You can rest assured, solar energy equals savings! Twenty percent, minimum, guaranteed.
Cost of Solar Panels
The cost of solar panels have decreased by nearly 80 percent since 2008; influencing an upward trend in solar home systems in the United States. Homeowners are taking advantage of incentives such as net metering and “solar leasing” programs that have helped make these panels more accessible.
Despite popular thought, solar panels are not solely for the wealthy. Installation data shows that in states such as Arizona, New York, California, New Jersey and Maryland, households with $40,000 – $90,000 median household income are leading in installing top-solar panels on their homes.
Solar Tariffs Could Be Offset By Ultra-Low-Cost Solar Plans.
Solar energy is no longer an unattainable, futuristic idea, but now a solution that is being activated around the world. By reducing the global carbon footprint, emission gases and other environmental concerns, solar energy is the go-to answer for making the world greener, healthier and less taxing on non-renewable resources. Overall costs for solar panels are continuing to decline and become more affordable. Installation options include no-cost leasing to keep initial setup investments at a minimum. Solar leasing is the fastest growing segment of the marketplace for prospective homeowners. However, to receive an accurate determination, an assessment with a solar professional is highly recommended.