How Much Should Homeowners Spend on a Solar Power System?

How Much Should Homeowners Spend on a Solar Power System?

What is the ideal budget if you are considering solar panel installation for your home? Most people want to understand the financial details in advance so that they can prepare for the investment of this new system. But, it can be a challenge to pin down the numbers without an inspection of your home and a personal consultation.

Cost of Solar Installation

The cost of the materials and installation services varies depending on several factors:

  • The type of system that you choose.
  • Installation fees from the company that you hire.
  • Size of your home.
  • The amount of electricity that you use each month.
  • The cost of the permit from your county or city building department.

The best way to learn more about the cost of installation is to schedule an appointment with an experienced solar team. We can come to your home to complete an inspection. During this meeting, we will evaluate the amount of electricity that you use annually and will offer recommendations and design a solar system that will meet your energy needs.

The Cost of Procrastinating the Installation

Even though it is a sizable investment to install a solar system, you shouldn’t overlook the costs that will be incurred if you procrastinate this decision. Every month that you live without solar panels means that you could be paying expensive electric bills.  Instead of paying that money to the utility company, why not put the money towards a payment for your investment in solar panels? Normally, you pay 0 down  with payments for 12 years, which are less expensive than your current electric bills. Also, the solar panels and inverters, both come with a 25 years warranty, plus there is a 30% Federal Tax Credit available.  

Additionally, you also need to consider the way a solar system can impact the value of your home. Starting in 2020, all new homes in the state of California will be required to have solar panels installed. This new law will increase home value when solar panels are present. You can take advantage of the demand for solar installation with these materials on your home, helping to boost your property value.

Can you afford to install solar panels? The real question is whether you can afford to NOT install solar panels! For a no-obligation quote and honest answers to your solar questions, please call our team at: New Day Solar: (855) 444-6329, or you can visit us at  Find out if installing a solar system is the right decision for your family.

New Day Solar

Posted by New Day Solar
6 years ago / July 24, 2018

At New Day Solar, we are committed to improving the world we live in, as well as helping our community create brighter tomorrows!

With the expertise that New Day Solar provides, as well as the federal tax credits and rebates available, solar electricity is beneficial to everyone. Not only will you help conserve our environment, but you can save some money too! Solar electricity is not just a luxury, but also an investment for your home and country. Electricity is only going to get more expensive, but with help from New Day Solar, you can harness the sun’s energy and use it to your advantage.

Filed Under: Solar Energy System

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