How Can You Keep The Cost Of Installing Solar Panels As Low As Possible?

If you've already decided that solar energy is the best way for you to reduce your energy consumption and electricity costs over the long term, your next question may be how you can make this conversion without paying the equivalent of several years' worth of utility bills up front. Are there any ways to keep your solar system purchase and installation costs low while ensuring you've purchased enough panels to reach maximum efficiency? Read on to learn more about the costs associated with the installation of a solar system, as well as some cost-saving measures you may want to employ during this process. 

How much will you typically pay to install solar panels on your roof?

The cost of solar installation is based on a price per watt—you'll generally pay between $7 and $9 per watt this system can generate. As the typical home utilizes around 1 kWh (or 1000 watts of energy each hour), this means you'll need to pay anywhere from $7,000 to $9,000 for a system that can cover your home's operating costs during the time the sun is shining. (If you're interested in completely eliminating your electricity bill, you'll need to invest in a system large enough to generate additional electricity during daylight hours.)

You'll want to work with your contractor to determine your solar energy goals and the amount you're willing to invest to achieve them. In some cases (especially if the cost of electricity in your area is fairly low), installing a system designed to supplement rather than replace your electricity usage can be the best choice. In more expensive areas or those that offer net metering, installing enough solar panels to allow you to go "off the grid" may be the most economical choice.

What are some additional ways you can keep this cost low? 

If you find yourself taken aback by the initial estimate of installation costs, there's no need to worry—several quick actions on your part can help slash this bill significantly.

First, you'll want to investigate the existence of federal and state income tax rebates for the installation of an alternative energy system. In many cases, you'll be able to have a sizable portion of this cost covered by deducting the purchase price on your federal income tax return.

You may also want to consider having this system installed "off season." During the spring, summer, and autumn, contractors are often at their busiest—and in areas where contractors are in high demand, you could find yourself paying premium rates or even being put on a waiting list if you're seeking a peak season installation. By having your solar panels installed in late fall, winter, or early spring, you'll usually be able to enjoy a more flexible schedule and lower prices.

For more information contact companies like USA Solar Electric.