Started as a 20% project, Google’s Project Sunroof is a program that allows its employees to work on side projects one day per week. Today, it is a valuable marketing platform for solar rooftop, both as a lead generator for solar providers and as a customer education tool. This country wide project estimates cost savings for solar energy based on the shape and direction of a house’s roof.
With flexible financing options, solar rooftop system is no longer just a solution for tech experts, but it has become a tool for saving money for many families. Here is a little break down before you plan to switch your home to 100% renewable power.
Is Solar Rooftop Expensive?
The first thing that you need to know about solar rooftop is that it is becoming the cheapest form of energy in the world. In 42 of the 50 largest cities in US, a fully financed solar rooftop system costs less than the power purchased by a local utility company.
There are different ways to go solar. You can either buy a solar system, or can lease it from a service provider. A personalized estimate from a solar provider can help you understand the savings and payback period for your home. This may depend on many factors like how to finance the system, how many panels can be installed on the roof, current rates paid to the utility company.
On an average, solar panels return 2 – 4 times their cost in saved electricity bills and pay for themselves completely within 7 - 15 years. Additionally, if you are living in a state with good incentives, the payback period will be as short as 2 – 4 years.
Does the Savings on Your Monthly Energy Bill Will Cover the Cost of Installation?
The cost of solar rooftop has dropped 80% in the past five years. In addition to this, the pay-off system allows the homeowner to cover the cost of the system itself over 20 years. Most of the installation companies do not provide a lease or a long-term contract, unless they are sure that they can guarantee savings on the monthly energy bill.
Are Their Any Government Incentives?
Most solar companies handle the rebates & incentives and pass the savings along to the homeowner. There is a 30% federal investment tax credit, which takes place at current levels through 2019 and will decreases over time.
An installer can provide the most up-to-date information on solar incentives, but there is a database with state incentives for renewable energy that has a comprehensive list of solar incentives by state, and more information on solar policies across U.S. A homeowner can actually go to a website, enter the zip code, and check for the rebates and incentives available depending on where he lives.
A solar rooftop system has the answer to all your questions and is surely a green way to save money.
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Solar Revolution provides Commercial and Residential Solar Panel Installation in Melbourne.
Call us today and speak to our staff about our Solar Energy Solutions.
Undoubtedly, this is the question that every one of us asks when installing solar in Colorado but regrettably, get no right answer.
This curiosity takes us on web browsing and the verbal reviews of the other customers and at the end get no solution but at the same time acquires the deep understanding too.
If you want to know the right answer then you need to research its factors as every home is different in the terms of the space availability and electrical needs.
In this write-up, we have mentioned the list of factors that influences the solar panel installation cost:Household electrical demand- Before going for the installation of the solar panel just take a look at your home’ electricity usage and how much you’re paying per month to your utility company.How much of your electricity bill can you offset?If the conclusion is that you have the potential to save money with a renewable source like solar, continue your research.Rooftop Space- Another major factor that affects the solar panel installation cost is the rooftop space where it will be installed.
The layout of your roof and the strategic placement of solar panels determines the productivity of your system.
A steep or shallow rooftop or one that’s not south or west facingmay impact the efficiency and productivity of the solar panels.
