- Posted by adminsolar
- On February 11, 2019
- 0 Comments
The rise of solar power is becoming undeniable as more and more homes each year decide to turn to the alternative power source in order to power their home. What you might have noticed about this increase though is that the solar panels are typically found on bigger and nicer homes. This is mainly because solar energy is not cheap, although it is becoming more affordable every year. That is not to say that lower middle class households can’t afford solar, it is just that they often prefer to spend any extra money they have on other items.
The good news is that if you happen to be one of these households who does not believe you are in a position to afford solar panels for your home in Frederick, you might actually be surprised. It turns out that there are actually several methods that you can use to turn your house into a eco-friendly power generator without having to spend a ton of money.
Getting Your Money’s Worth
Before you do invest your hard earned money in solar energy, you should make sure that your home and surrounding area provides you with the proper circumstances to ensure that you will have enough sunlight access to get your money’s worth from the panels. You can often check online to see the “solar resource” of your area which is the official unit of measurement for how much sun is generally available for absorption. Once you are satisfied that you will get sufficient sunlight you can move on to affordable solar sources.
One of the best financial options of solar energy actually comes after you have purchased and installed panels. This is because the tax benefits that become available to you once you have started using solar energy can be quite beneficial. Depending on what state you live in there can be a few different benefits that you might be applicable for, so be sure to go online and know exactly what you are entitled to.
No Money Down
It might shock you to learn that there are actually methods you can use to get panels installed on your home without you needing to pay a dime. This is through the use of power purchase agreements (PPA) which allows a solar company to install a system onto your house, and then sell the energy collected from it back to you.
The benefits of this are that you do not have to pay anything upfront and the price you pay to buy back the solar energy is almost always cheaper than what you currently pay for standard electricity. Of course with this option you do not actually own the system, so many of the long term benefits will not apply to you.