How Solar Panel Systems Can Lower Your Electric Bill
Are solar panel systems popping up on more rooftops in your area?
Maybe you're getting a little curious about why more people are investing in solar power.
Are they die-hard environmentalists who drive a car that runs on lettuce?
Are they just hopping on the bandwagon to be part of the latest fad?
Do they have more money than sense?
Well, any of those options are a possibility.
But what if it's something else?
What if your neighbors have done their homework and discovered that they can take advantage of a renewable energy source that is good for the environment and also saves them money?
Hmmmmmmm, that would be interesting wouldn't it?
Well, with the government incentives and financing options available for solar electric systems today it is also a distinct possibility.
First off, solar panels aren't cheap. You could be looking at tens of thousands of dollars for a major solar installation if no government rebates or grants are available.
The good news is that many areas do have incentives available to lower your upfront cost when going solar. If you live in the U.S., you can check out the DSIRE Web Page to learn about what government money you may have coming your way.
When you factor in incentives from municipal, state, and federal governments and the rebates offered by many utility companies, you may be able to cut the cost of your system in half.
Well, that's a good start. But you could still be looking at having to spend thousands of dollars to get those amazing solar panels on your roof. What if you don't have that money or you would rather invest it in something else?
That might not be a problem.
Solar power financing has come a long way in the past few years and there are now more options than ever when it comes to paying for your solar panels.
Companies like SolarCity offer leasing programs that allow you to install solar panels for as little as $0 down.
Here's a simple breakdown of the SolarLease program and how it works:
Instead of paying for solar panels up front, you make a monthly lease payment to a company (like SolarCity) that installs and maintains your solar panels.
You can arrange things so that:
Your solar lease payment
Your new electric bill
(which has been lowered due to the solar panels)
A smaller amount than your old electric bill
Now you can see that I wasn't kidding when I said that a solar electric system could start saving you money today.
If a solar lease doesn't suit you, there are also energy efficient mortgages or local government loans available in many areas.
The bottom line is that solar panel systems have arrived and there is a good chance that you could find a way to start saving money with one today.