Investigate Your Best Deal On Solar Panels Available

Like a detective, you like to investigate.  You consider your self the James Bond of your suburb.  You know how to dress, and you love techy toys.  When it comes to buying solar for your home, you are ready to go undercover and get the big deal.  You’ve investigated the many varieties of solar panels, answered the essential questions, prepare your home, and now you are pondering the big decision: do you lease or buy a solar panel system? There’s not one correct answer.  The answer depends on a few critical factors — including your finances, living condition, and power goals. However, we’ll help you undertake the big question by placing the pros and cons of each right before your eyes.

Buying Solar Panels

There are two opportunities for purchasing solar panels: you can pay outright with money, or you can secure a loan. With a credit-based approach, the lending company will compensate for the solar panel installation expenses, and you will repay the lending business as you would your mortgage.

Cost To You

Usually speaking, a solar panel system fetches anywhere between $15,000 and $40,000, depending on the size of your home, the variety of solar panels, the business from which you buy, and more. If you want a loan, interest rates range between three and eight percent. Keep in mind that multiple state and federal tax incentives can dramatically decrease the installation expenses, including the 30 percent Residential Renewable Energy Tax Credit. If you wanted to take advantage of this federal credit, your system must have been obtained by December 31, 2016.

Biggest Upside To Your Solar Purchase

Purchasing solar panels is significantly like an investment with a guaranteed kick back. Solar panels enhance the value of your home, and, if you live in your home for the next few decades, you can quickly gain back the costs you paid for the system in energy savings.

Biggest Downside To Your Solar Purchase

Since purchasing solar panels is an investment, you need to invest a meaningful amount of that hard earned cash you make upfront. If you’re paying outright, you’ll want to come up with at least $15,000 or however much your system is quoted. Many families, from all walks of life, and financial backgrounds don’t have this much to spend in one bulk sum. If you get a loan instead, you’ll most likely have to pay interest, ending in additional expenses for your system.

Should I purchase solar today? If you have the finances, purchasing is the better option. You’ll earn back what you pay over time, and your house's value will rise should you choose to leave.

Solar power is here to stay, and the sooner you explore how much you can save, the sooner you can enjoy the benefits of residential solar power. Go to HahaSmart.com and try our price checker tool. It tells you how much solar power you need, and how much you can save Please visit our solar blog to find out more about the benefits of going solar.