With energy costs going up, year over year, the popularity of solar energy has been growing. With Federal credits that can equate to thousands of dollars in savings, many states (regulated and deregulated) have seen significant growth in solar sales.
With so many options available, it has been becoming more of a 'buyers' market. With options like a Power Purchase Agreement (PPA), which enables the homeowner to, in essence, lease the panels. They go on the roof, installation is free, and the solar company becomes your primary energy company. While this typically accounts for 80% of the average homes usage, you will still need to keep your main energy hooked up to cover the overflow. This method works well for people trying to get in the solar game, without having to worry about the substantial upfront costs. You pay a discounted per-kilowatt rate, and start savings the very first month.
But if you want to OWN a solar array, how much does it cost?
A 5kw system can range from $20,000 to $30,000. This is subject to change, state by state, as do the tax credits. Be sure to check with your county as well, some county's are able to realize specified credits on top of the state and federal credits made available.
For questions about solar, connect with Direct Home Connect today, and we can connect you with a solar provider in your area!