Save On the Cost of Solar This Year
We all know that solar panels can save you money; this is why many people are making the switch to solar power. Furthermore as an eco-friendly power source it is hard to come up with a reason to avoid the change. However, solar panel installation cost can be expensive so here is some advice to save you money on the cost of solar power.
- Feed-in Tariffs
- Payment Plan
Rebates – When looking at the cost of solar panels the numbers can seem intimidating, but a large portion of the costs can be mitigated through a solar power rebate program. These are offered to people making the switch to solar energy. There are a number of solar power rebate programs out there, one of which is funded by the Australian government to help persuade people to make the switch to solar power. Depending on the solar panel company you choose they may offer specialized rebates catered specifically to you, or at least be able to show you where to sign up for them. For instance there are programs specifically for businesses as well as for installing solar panels during a building’s construction.
Feed-in Tariffs – Another way you can make up our cost of solar power is through feed-in tariffs. Feed-in tariffs are earned when you send our excess electricity from your solar panels into the local power grid. The power company will actually pay you to have solar power. Over time this will help you to earn back the cost of solar panels, especially when combined with the money you save by not having a power bill anymore. Eventually the solar panels will finish paying for themselves and actually start making you money. But solar rebates and feed-in tariffs aren’t the only way you can reduce the cost of solar panels.
Payment Plans – There also payment plans you can arrange to split up the cost of solar panels over time. By doing this you can easily pay for the solar panels with the money you save by not paying for electricity. Not to mention the fact that many solar panel companies offer plans that have no interest on the payment plans they offer so that there is no added cost for splitting up the cost. This makes the cost of solar panels significantly easier to handle, as opposed to if you had to pay for it all at once. With the removal of that electric bill it becomes simple to budget in the solar panel payment, with the advantage being that eventually the payments for the solar panels will end unlike the power bills you are used to.
With all the discounts and rebates out there these days the average cost of solar panels is the lowest it has ever been. Combined with the benefits from using feed-in tariffs and payment plans home solar systems are quickly able to pay for themselves instead of putting a dent in your wallet. With how easy it is to install solar panels right now, it isn’t hard to see why so many people have made the switch to this renewable energy source.