Many people are interested in going solar, but are unsure if it will be affordable for them. Some solar companies offer a free calculator; however, these tools are often oversimplified and may not be a true reflection of how much a solar panel system will cost you. At RevoluSun, we prefer to talk with you so we can design a system tailored to your needs and provide an accurate estimate of costs. There are many factors that affect the cost of a system that we will discuss, as well as the payment options we offer.
Ways You Can Pay for Solar Panels
Cash
Some homeowners have money saved up to go solar and prefer to make a one-time payment towards their system. Though this is an option, it is the less common choice for our customers.
Financing
At RevoluSun, we understand that most people don’t have thousands of dollars lying around to spend on solar panels. That is why we offer a Solar Savings program that homeowners can take advantage of. Instead of paying a monthly utility bill for your power, you can install a solar panel system and put that money towards a monthly solar payment. Once your system is paid off, you’ll be producing all of your energy for free! Our financing options are among the most competitive offered by commercial solar installers and residential providers alike in the region.
Third-Party Ownership – Prepaid Power Purchase Agreement
A prepaid PPA is designed for homeowners who want the financial benefits of solar at a lower cost than traditional ownership. Because the system is owned by a third-party investor, that owner can take advantage of commercial tax credits and incentives that are not available in the same way to most homeowners. Those savings are then passed on to the homeowner through a lower prepaid cost. In many cases, prepaid PPAs also come with a longer warranty term, giving homeowners added long-term value along with lower energy costs.
Factors that Affect the Cost of a Solar Panel System
Current Electricity Usage
The amount of electricity you currently use will determine what size system you need, which will affect the cost. Upon meeting together, we would ask that you provide a copy of your most recent power bill so we can size your system correctly.
Current Utility Rate
The rate you pay for your electricity will affect how much the difference in a utility bill vs. a solar payment will be.
Panel Type
The type of solar panel you choose will determine the number of panels you need to reach your desired energy offset.
At RevoluSun, we offer two panel types based on efficiency, so you can decide what works best for you!
Energy Storage
Home batteries are an optional part of your system installation. The upfront cost of your system will be more, but being able to store the energy your panels produce will increase your efficiency and can save you money in the long run.
RevoluSun offers two home battery options, so you can decide what best suits your needs!
EV Charger Installation
Many homeowners pair their solar panel system with EV charger installation to charge their electric vehicle using clean, solar-generated power. Adding an EV charger to your project can affect total system sizing and cost, so it is worth discussing during your consultation. We also offer generator installation for homeowners who want a backup power option alongside their solar system.
Solar Panel Cleaning
While not a direct installation cost, solar panel cleaning is part of the long-term investment picture. Keeping your solar panels clean maximizes their output and extends their lifespan. We can advise you on maintenance expectations so you can factor this into your overall cost planning.
Incentives
Depending on your location and the purpose of your system you may qualify for federal incentives. Take advantage of the Solar Investment Tax Credit. If you are installing for agricultural purposes or on rural land you may qualify for further incentives.
Contact us today to find out what you may qualify for.
Get a Free Estimate of Solar Panel Cost
Due to all of these factors and more, it is important for us to talk with you face to face (or virtually!) in order to design a system tailored to your needs and provide you with an accurate estimate of costs.
If you are interested in getting a free quote from RevoluSun, fill out our contact form or book an appointment to meet with one of our project developers!
Price Protection Guarantee
At RevoluSun, we are so confident in our products, warranties, and installations that we offer a price protection guarantee! Have the confidence to sign today, knowing that tomorrow if someone comes with a lower price, we will not only match that price, but give you an additional $150 off. To learn more about our price protection guarantee, visit our about us page.
