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Determining The Cost Of Solar
What Goes Into The Cost Of A Solar Panel System?
Our premium solar panel systems are tailored to your home’s needs based on a variety of factors, including:
- The location of your home
- Your home’s current electricity consumption
- The direction your home faces
- How much access your roof has to direct sunlight
- How much you’re hoping to offset monthly power bills with solar
After a free, in-home assessment, our experts will calculate the cost of your system based on the amount of solar electricity you want your solar panels to produce.
Tax Incentives
Through the Investment Tax Credit (ITC), also known as tax credit , homeowners interested in adding solar can deduct 30% of the cost of installing a solar electricity system from their federal taxes through 2032.
Net Metering
Depending on your utility provider, solar customers may be able to send power back to the grid in exchange for credit on future electricity bills through a process called net metering.
Financing Packages
We offer solar financing package through our partners designed to help homeowners reduce their carbon footprints and contribute to a healthier planet through a financial structure that meets their needs.
How Does Net Metering Work?
Net metering works to send any extra energy that your solar panel system produces back to the power grid, and you are credited for that energy at a 1 to 1 ratio (you get to sell it at the same price you buy it). Those credits can be used on future electric bills. Note that some utility companies do not offer net metering. Overall, this is a great incentive for solar energy use.
What Happens to Excess Energy?
To manage the excess energy, you can either store excess energy in a solar battery or use net metering to sell the energy back to the utility companies. During peak sunlight hours, your solar energy system can potentially produce more renewable energy than you need. Storing the remaining energy in a solar battery can help you have access to power during outages or allow you to power portions of your home during the night.
Battery Cost
You can make the most of your solar investment with our Gold Package, which includes premium solar panels, a battery backup and our SMARTHOME package of smart home upgrades. To learn more about costs, request a free quote today.
Receive a quote from SolarAmerica today
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