21 Best electrical contractors - Blog With Technicians - Find classified ads of electrical contractors in your area for light fixtures, circuit breaker, surge protection & more. That’s a significant incentive. Between the tax credit, selling energy, and the long-term promise of energy independence, there has never been a better time to get solar panels. There are federal tax credits available for people purchasing solar panels, and usually work out to the tune of 30 percent of the purchase price of the system, including converters and batteries ..More
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What Solar Panels Cost
If you’re thinking of installing solar panels for your home, you’re probably doing a lot of research to see what the costs and your options are. There is a lot to get up to speed on, so let’s start with what solar panels cost.
Solar panels have been steadily dropping in price, due to more efficient manufacturing and increased popularity. Currently, they are at an all time low, and the cost of a solar panel is around $5 per watt of output. A quick look at your monthly electric bill should help you figure out what you need, in terms of power.
That’s just part of the equation though. The main reason for installing solar panels is to save money on electricity. Depending on where you live, you may be able to make some money by selling excess electricity back to the grid. Rates vary for this, so be sure to investigate the options fully.
Buying solar panels appears to be a big investment, but most people find that they are able to pay them off in under ten years, and sometimes faster. There is a complex mix of factors that determines that timeline, including your power consumption.
There are federal tax credits available for people purchasing solar panels, and usually work out to the tune of 30 percent of the purchase price of the system, including converters and batteries. That’s a significant incentive. Between the tax credit, selling energy, and the long-term promise of energy independence, there has never been a better time to get solar panels.
Of course, it’s all a little overwhelming. What you need is someone who is familiar with the territory to walk you through all the steps. The Electric Connection has the experience and the connections to get you started on the path to energy independence. Give us a call today to get the process started.