Are Solar Panels Expensive?

Are Solar Panels Expensive?

It’s best to think of a solar panel system as an investment for your home. As with any investment, the cost can be high upfront, but it pays off in the end. The initial cost of the equipment and installation depends on the size and location of your home. According to Consumer Affairs, the average cost for a home solar panel system is $12,000, after federal tax incentives. But with Purelight Power’s solar savings program, you can get your solar panel system installed for $0 down and save up to 94% on your energy bill! Plus, installing solar panels increases the value of your home. 

Making the switch to solar energy may seem like a large investment, but consider the savings that come from reduced energy use. The average American home spends about $1,450 per year on energy, according to Energy Sage. Climate change will likely cause those costs to increase year after year, but a solar panel system will actually lock in the energy costs at a constant rate, so you don’t have to worry about drastic fluctuations. 

A simple way to see the cost savings is to use a solar calculator. This provides several different factors, including the net savings over a 25 year period and the potential property value increase. The average 20-year net savings for a home in Iowa is between $11,345 and $15,350. However, these should be understood as estimates only. 

Solar panels are a great option for homeowners who want to save energy costs long term and invest in their property value. The environmental benefits are also worth considering, and solar energy users can feel a sense of accomplishment at their contribution to a cleaner planet. Air and water quality are both improved with the use of solar energy, and this type of renewable source of energy can even help reverse the effects of climate change. 
Purelight Power has a team of experienced professionals who can help you decide whether a solar panel system is right for you. Contact us today for a free quote!

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