What is The Solar Panel Installation Cost Reduction Formula
updated at : Saturday, February 11th, 2017
The high solar panel installation cost is a deterring factor for many people. Due to this perception, many people do not entertain the idea of solar panel installation. These people are deprived of savings on their electricity bill and not doing their part to help the planet. What most people do not know is that there are many ways to reduce the solar installation cost.
Ways To Reduce Solar Installation Cost
The average cost of a 5kW system is $20,000 but the price can be significantly lower. You must account for the fact that different states offer different incentives to make homeowners go solar, incentives that drastically decrease the initial installation cost. Many states also offer solar rebates that can help to unburden the initial costs. Not to mention that the federal government offers the federal solar tax credit that can help you save 30%. After accounting for all these factors, a $20,000 project can easily turn into an $8,000 project, provided the solar rebate provided by the states matches the federal tax credits.
Solar Panel Installation Cost and Solar Panel Installation Related Posts:
How to install solar panels for FREE
How much does it cost to install solar panels
How to select a solar panel installation company
How to finance your solar panel installation cost with low cost financing options
How to make sure that your roof is ready for solar panel installation
How to secure low cost and long term solar panel financing with FHA PowerSaver
How to increase your property value and slash electricity bill by 90 percent without additional cost
How to choose solar panel size that will make your solar panel investment profitable
How to choose solar panel installer that will make your solar panel investment profitable
How to slash your electricity bills by 90 percent and increase your property value
How to slash your electricity bills by 90 percent with feed in tariff
how to slash your electricity bills by 90 percent with net metering
Was this post helpful? How can we improve?
WOULD LOVE TO HEAR FROM YOU!