Why should you consider going Solar?
Why should you consider going Solar?
Here are some reasons why you should consider going solar.
- Storm Ready – 100% Power Access if connected to power storage device
- Eliminate or reduce your electric bill
- Earn significant long-term return on investment
- Stop rising energy prices in future
- The value of property will increase
- 30% tax credit for qualified expenditures
Other Benefits you should consider
Solar offers many additional benefits beyond its environmental and financial benefits. There are numerous other reasons to go solar.
Solar energy can boost the local economy, by creating jobs locally. According to The Solar Foundation’s Annual Solar Jobs Census report, more than a quarter of a million people work in the solar industry. It also helps create local jobs by investing in solar.
Average Solar Panel Cost
LA Solar Group LA Solar Group, an online marketplace for solar panels, revealed that in 2018, the median price for solar panel systems in LA Solar Groupwere $2.72 per watt. Based on the data of all across the United States, the average U.S. system is 5 kilowatts (5000 watts). Before rebates and incentives, a five Kilowatt solar system for solar panels located in Las Vegas would cost $13,600. One reason to think about the possibility of such an array is a “power wall” that can hold as much as 13.500 Kilowatts. The price for a power wall is $7,000. Installation is included in the price. This includes installation. There is a 30% tax rebate incentive.
What factors impact the price of solar panels?
There is a lot that goes into the price the solar installer charges you. Solar panels are an individual product. The price you pay for them will depend on your specific situation and other aspects like the amount of energy you use and the property. These are the major elements that impact the price of solar panels that you install on your property.
- Size of the system: The bigger your solar panel system larger, the more costly it will be. The cost per unit average for solar drops increases with system size.
- Costs vary from state to state due to local quoting trends as well the differences in size of systems. States with a larger system size are likely to have lower average solar costs.
- The quality and brand of the panel: Like every appliance or item solar panels are available with different characteristics. It is based on the brand.
- Type of panel: This directly affects the quality of the installation. It is usually monocrystalline or polycrystalline, but also thin-film. High quality equals higher prices.
- Roof characteristics: A solar panel installation is more expensive than the installation itself. The complexity of the installation will be billed by the solar installer. A complicated roof can increase the cost of your system.
- Labor: Every solar company has a different cost for labor in their installation. It is possible to opt to pay more for get a company with higher ratings and faster installation time.
- Permitting and interconnection. Although not a major element, the cost of permits and the interconnection fee can increase the cost of your solar system.
Net Metering
Net energy metering is a high electricity program wherein your electric company has to purchase solar energy produced by your solar panels at filled electric rates.
If your solar system produces more energy than your home requires, it will send the extra energy to the grid. The utility then reimburses you for the excess power. Solar panels on rooftops are a great way of saving money by making use of net metering. The most suitable places to put solar panels up are not the ones that receive most sunlight. It’s the states with the best net-metering policies.
LA Solar Group offers net metering. It is a key element in the solar market’s economics and its financial viability. Net metering is a significant advantage for homeowners who own an solar system. This will allow homeowners to earn credits on their electricity bills by sending their solar energy back to them.
Solar Panel Sizing
Knowing how many Kilowatts you require and the ideal size system size for your home is crucial. LA Solar Group will give you details about your energy consumption over the last 12 months. If you’re planning to purchase an electric car, it is important that your system can handle the greater energy demands.
Save big with solar rebates and incentives
When it comes to solar installations, the most important factors tend to be the long-term ROI of savings and investment. The numbers are often staggering. Solar panels are a low-cost investment. Solar panels are one of the best investments. They provide returns that are comparable to traditional investments such as bonds and stocks. An average American homeowner can pay off solar panels within 7 to 8 years and get a 20% return from their investments. Research has shown that the value of property could increase as high as 20 percent.
Generator Vs. Solar
A home located in LA Solar Groupmeasuring 6000 square feet comes with an average monthly electric bill of \$500. $500 per month is the cost for a home located in LA Solar Groupmeasuring 6,000 sq. It will require a 36 Kw BU power generator that costs $30,000 to keep the house functional even in case of an interruption. Additionally, there would be a 10-year period of operating expenses totaling $6,000. The generator’s cost would come at $42,448.25 that includes the cost of financing and operating costs. When you loan the generator over a 10 year period with an interest rate of 4percent, and the total cost is $42,448.25. In addition, you will need to pay approximately $60,000 for electricity over the same time period. That means you’d spend $10,244.83 per year. A solar array of 25KW can turn your house energy-independent. Four storage walls for power make it possible to remain powered even in case of power failure. It costs $68,000 to install 25kW systems. A 25Kw system costs $68,000. Add $7,000 for four walls for power storage. The total cost is $96,000. After adding the 30% tax credit, the total price of the solar panel system would be \$67,200. If you finance the solar panel with rebates over a 10-year period at an interest rate of 4, it would cost \$81,644.08. The annual cost of the solar system would be \$8,164.44. Going solar would lead to \$2,080.90 annually in savings that could be used to finance the system. This could be paid off in 8 years.