For homeowners who want to conserve energy and reduce their carbon footprint, going solar is an excellent option, but is worth the cost? Ultimately, this will depend on how much energy your household consumes and the size of the solar power system installed at your residence. While solar power has been proven to help homeowners significantly lower their electricity bills, no reputable solar company can guarantee savings. Companies can, however, guarantee solar power production. By guaranteeing solar production, they can guarantee savings based on today’s rates.
To further reduce the upfront price of solar power, homeowners often lease solar instead of owning it. In a typical solar lease, a company agrees to fund the installation of panels on your roof and charge you a monthly fee for the use of the panels during the lease term. During this term, which is usually between 15 and 20 years, the company owns the panels and is typically responsible for maintenance.
In most cases, you will save a lot more money during the 25-year life of a solar power system by buying rather than leasing it. That’s because, the federal government offers a 30 percent solar tax credit on qualifying solar power systems, meaning you will get back 30 percent of the costs of your system installation. Some states and utility companies offer generous rebates on solar installation. In fact, in Arizona, most homeowners can expect to receive $1,000 back on their solar projects.
PE Solar installs solar power systems for homeowners in Arizona and Florida. We have access to major Tier 1 manufacturers, including Kyocera, Hanwha, Solar Edge, and LG, so premium quality is guaranteed. When you buy a system from PE Solar, not only will you be eligible for available state and federal tax incentives, you will effectively protect yourself against utility rate hikes for the next 25 years.
Contact PE Solar today to learn more about the price of solar power or the benefits of benefits of partnering with us for a solar panel installation. We offer flexible financing options with zero money down to help make your dream of long-term energy savings an affordable reality.