4 Ways to Reduce Costs When Going Solar

Going solar generally necessitates a sizable initial expense. Even though the upfront expense would be more than compensated by years of energy bill savings, some homeowners may feel intimidated and decide not to make the investment.

Why Do Solar Panels Cost So Much?

Solar panels are expensive because of how they are made and installed. Modules are made from a variety of materials, silicon being one of them. Despite being a frequently used chemical, getting silicon in its purest form requires precise technology, which raises the cost of making solar panels.

In addition, batteries and inverters are needed for solar panels. Lithium, a scarce mineral used in these two components, raises the cost of solar panel manufacturing overall.

The price of solar panels is further warranted when you consider the glass, copper, metal, and man-made components that are required for their production.

How to Save When Going Solar

Here are four strategies to reduce your expenses.

1. Keep Installation Costs Down with DIY

In actuality, the high cost of a home solar system is largely accounted for by the cost of installation. When some third-party organizations conduct system inspections and obtain necessary permits on behalf of the homeowners this can result in somewhat expensive installation prices.

2. Verify the Service and Warranty Contracts

By using service agreements and warranties, you can reduce the total cost of your solar panels. Although pricey, high-quality solar panels and inverters can lower your costs over time. If there is a problem with your system down the road, solar panels that have warranties will cover your costs.

3. Utilize the federal ITC

A federal investment tax credit, or ITC, of 26% is now being offered by the federal government. This enables you to considerably reduce your overall cost. Since this incentive will drop to 22% in 2023 and then expire in 2024, it is imperative you take advantage of it right away.

4. Benefit from State Rebates

The tax credits listed below are available to California residence:

• Single-family solar homes (DAC – SASH)
• Self Generation Incentive Program (SGIP)
• Equity Resilience Incentives
• Solar Energy Property Tax Exclusion
• Net Energy Metering

Even area- and utility-based incentives are options you might want to think about. Make sure to research these benefits to discover which is ideal for you.

Build it Yourself, Build it for Less

At DIY Solar Power, we specialize in offering you top of the line products and the assistance required to build and install your home solar system at the most competitive price. Wipe away unnecessary installation and commission costs and get a return on your investment much faster with DIY. Each of our products feature a 25-year Manufacturer's Warranty, which will cover performance, product, and parts and DIY Solar Power experts can guide you to tax credit and rebate information.

Ready to Go Solar?

To get your home solar project started, Build Your System now and review your fast quote. For more industry updates, be sure to follow DIY Solar Power on Facebook, Twitter, and Instagram.

Photo by Kostiantyn Li on Unsplash