What is the cost of going solar?

Understanding the Financial Benefits of Switching to Solar Power

The Cost Savings of Residential Solar Panels

Residential solar panels have gained popularity in the United States with installations taking place every 100 seconds. The declining cost of going solar is a significant reason for this popularity, with residential solar costs currently at their lowest in over three decades. Additionally, modern solar panels have advanced technology that maximizes their power production, making them an efficient and cost-effective option for homeowners who want to save money on their energy bills while also reducing their carbon footprint. Investing in solar panels can offer long-term benefits to homeowners in Texas by decreasing their reliance on the power grid and providing clean, renewable energy.

Top 3 Cost Factors to Consider

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Factors That Affect the Cost of Going Solar

When considering the cost of going solar, key factors to consider include your energy consumption, the cost of electricity in your area, the equipment you choose, and the solar installer you select. While the most reliable way to determine the cost of solar panels for your home is to schedule a free solar consultation, we can provide you with some basic information here to help you understand the factors that impact the cost of going solar. By evaluating these factors, you can accurately determine the cost of solar panels for your home and make an informed decision about whether to invest in solar energy.

Solar Equipment

When it comes to solar equipment, it’s important to understand that not all panels and inverters are created equal. The quality of the equipment can have a significant impact on the performance of your solar energy system, affecting everything from energy production to maintenance costs. Investing in higher efficiency panels and inverters may cost more upfront, but can yield significant long-term benefits in terms of energy savings and overall system performance.

At Solergy, we take pride in offering top-of-the-line equipment from leading brands in the industry. We carefully select our equipment partners based on their reputation for quality and reliability, ensuring that our customers receive the best possible products for their solar energy systems. Our experienced technicians are trained to install and maintain these systems, ensuring that they operate at peak efficiency and deliver optimal results.

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Your Location

Your location can play a significant role in determining the cost of your solar installation. Various factors, such as labor costs, installation fees, and building permit requirements, can vary depending on where you live. Additionally, different states and cities offer various incentives and tax credits to homeowners who install solar panels, which can lower the overall cost of installation.

It’s important to evaluate your current energy consumption and energy prices in your area when considering the cost of going solar. Your energy consumption will determine the size of the solar system you need, which can impact the overall cost of installation. If you consume a lot of energy, a larger solar system may be required, resulting in a higher upfront cost. Solergy offers $0-down financing options to make the cost of solar energy more affordable for homeowners. 

Solar Installer

When it comes to the cost of going solar, choosing the right solar installer is essential. Factors such as the installer’s track record, years in business, reviews, and quality of installations should be taken into account when conducting research and comparing different installers. Additionally, it’s important to inquire about warranties, certifications, and accreditations to ensure that you get the best possible installation for your home or business.

Solergy is a highly reputable solar installer in the Rio Grande Valley, with an A+ rating on both BBB and Google. We are a fully licensed, insured, and bonded team of experts providing customized high-quality solar installations that meet each customer’s unique needs. With Solergy’s $0-down financing options, the cost of going solar becomes more affordable for homeowners. By choosing Solergy, you can trust that you’re getting a reliable and affordable solar installation that meets your specific requirements.

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Solar Payback Period

The payback period for residential solar is an important factor to consider when deciding whether or not to invest in a solar system. A typical solar system payback period for residential solar is 7-10 years, although this can vary depending on the size and type of system, local electricity rates, and other factors. Solar panels have a lifespan of 25-30 years, so after this time frame it will be free energy for many years to come. When you take into account your current electricity costs and future rate increases, going solar becomes a wise investment.

Additionally, there are a number of incentives available from local and federal governments that can help reduce the cost of installation and increase solar savings even further.

Calculate the Cost of Going Solar

Solar energy is becoming increasingly popular as an alternative to traditional energy sources. The cost of solar has decreased significantly in recent years, making it more affordable than ever before. In fact, when all factors are taken into consideration, solar is often cheaper than traditional energy sources. This includes the cost of installation and maintenance as well as the long-term savings on electricity bills. When looking for a sustainable and cost-effective energy source, solar should be at the top of the list.

Cost to Go Solar FAQs

The number of solar panels your home needs depends on your energy usage and the size of your roof. Solergy can assess your energy usage and determine the number of panels needed to meet your energy needs.

Many states offer incentives for homeowners  and businesses who switch to solar energy. The most common solar incentives in Texas are the Federal 30% Tax Credit, Net metering and local utility solar rebates. Utility companies like AEP and Oncor offer solar rebates for customers who go solar. 

Yes, solar panels can increase the value of your home. According to studies, homes with solar panel systems have sold for higher prices than homes without solar. This is due to the long-term cost savings and environmental benefits of solar energy.

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