Solar panels are the talk of the town right it seems. But what does a 5kw solar system installed price really bite? Like this: So, you have finally decided to get into solar energy. Maybe the green initiative or the lure of reduced bills. Regardless of the push, on to some shocking monetary matters for the stuff that makes the world go round.
Cost is a mixed bag of colors like an artist’s palette. Where you live really matters. Prices shift, breaks look different across state and country lines. A guesstimate then. Generally without any perks, sticker is floating somewhere between $15,000 and $25,000. What a range, right. Just like comparing apples vs… kumquats.
Don’t let those numbers scare you into staying up with a flashlight! Federal tax credits can erase a good bit of that and you’re happy like you found a lost twenty in your parka. Even more, a number of regions further reduce those costs by adding incentives.
Now let’s chow down on install. Leave this one to a pro that has experience in it. A sorry install could turn your run for money dreams into a living nightmare of power. So done that? Not a beautiful sight. A good installer dodges a constant game of whack-a-mole with issues.
Thinking about financing options? Think of it as dairy cones. So much to choose from! One might consider a lease, power purchase agreement, some variation of loan. If those up front payments are more of a turn off than a moldy sandwich, leasing could be right in your wheelhouse.
Keep in mind that component names and quality uncovered balance sheet. Think of it more like you’re choosing between a standard hatchback and a high end sedan. Reading material, talking with people who have bitten the bullet, and truly understanding what is out here is what will bring it to life.
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