Going solar one panel at a time
Many people are scared off from installing solar panels due to the cost. However, there are several important things to keep in mind when budgeting the actual cost.
First, there are a number of different ways that you can use to finance solar panels. Whether you enter into a solar power lease, or use a property tax assessment loan (your local government “pays” for the solar panels and the cost is included on your annual property tax bill), the upfront cost can be reduced. In addition, keep in mind that solar panel prices have dropped 50% in recent years, while tax incentives and rebates have grown significantly.
Perhaps most importantly is the fact that for every $1 you save in electricity costs each year, your property value increases by $20.
Solar panels saving you money
If you still have concerns about the cost of solar panels, consider this unique approach. Instead of considering how to take your home completely off-grid with an entire solar panel array, you can literally self-finance solar power at your house by installing panels one at a time.
By purchasing a PV solar panel kit at your local hardware store (or Costco), start defraying your overall energy costs month by month. If your monthly electricity bill drops from $100 to $60, then take that $40 and set it aside. You can use that money after a few months to purchase additional solar panels. Over a few years, you’ll probably have enough savings to cover your roof with enough panels to power all your needs.
Yes, you can truly save money installing solar panels!
Tags: cost solar panels, home solar panels, install solar panels, save money, solar panels home
