When it comes to figuring out the cost of going solar, there are a number of factors to consider. One of the most important is the size of the system. Larger systems can produce more power while lowering overall costs. In addition, the cost of panels has declined in recent years.
What are the 2 major drawbacks to solar power?
The cheapest panels are often the polycrystalline ones. These tend to have a blue tint to them. Using polycrystalline materials can lower the overall price of your system while increasing its efficiency.
There are also several different types of solar panels, which will have an impact on the cost of your system. Some companies are known for making high-efficiency products. Other manufacturers are known for producing cheaper panels. website
Lastly, you will want to make sure to shop around for incentives. This can significantly lower the overall cost of a solar system. Depending on your home’s location, you might even be eligible for rebates.
You may also be able to get a loan for your system. Many lenders offer no-money-down financing options. After the loan is paid off, you will enjoy free solar power for ten or more years.
Having a solar system installed can be a major investment. But it is a great way to save money on your monthly electric bill. For the average homeowner, a solar panel will pay for itself in between 8 and 11 years.
The true cost of going solar can vary widely, depending on your state and the type of panels you choose. However, if you are living in a sunny part of the country, you are likely to enjoy significant savings.