5 Ways to Save Money When Installing Solar Panels

Thinking about adding solar technology to your home but worried about costs? There are several ways to save money when installing solar panels into your home.

Look for government incentives:

Many state and local governments offer incentives, such as tax credits or rebates, for homeowners who install solar panels. Check with your local energy companies, too. Some electric companies offer incentives and will sometimes co-share the cost of installation with you.

The federal government also offers a tax credit for the installation of solar panels, which can help offset the upfront cost of the system.

Research financing options:

Some solar companies offer financing options that allow you to pay for the system over time, instead of paying for it all at once. This can help make the upfront cost more manageable.

Choose the right size system:

The cost of a solar panel system depends on the size of the system. Choosing a system that is the right size for your home and energy needs can help you save money.

Consulting an expert to define exactly what you need to power your water heater, entire home, garage, shed or other areas you want to use the solar energy for. You don’t want to over or under install materials.

Compare quotes:

Get quotes from several solar companies to compare prices and services. This can help you find the best deal on a solar panel system. While it sometimes seems like a hassle to get comparative quotes, it always pays off. If anything, you’ll at least get a feel for the company and their work style. It’s sometimes worthwhile to pay a little more for a professional company you can trust.

Consider leasing:

Some solar companies offer leasing options, which allow you to use the system without buying it outright. While leasing may not save you as much money in the long run as buying a system outright, it can help reduce upfront costs.

By taking advantage of these strategies, you can help reduce the cost of installing solar panels into your home and make it a more affordable option for your household.