Solar Panel Cost ? How to Obtain More Affordable Solar Power Systems

When it comes to cheaply-priced sun-powered gadgets, a homeowner can take advantage of low solar panel cost by choosing affordable, yet highly-effective gadgets sold by many manufacturers, not only from the US, but all over the world.

Solar Panels Cost ? Cheap Solar Panel Systems based on Manufacturer

Finding a good and reliable manufacturer is certainly one way of making sure that you will enjoy owning a low-priced gadget. You can easily find these solar panel manufacturers via the Internet. And since the market is very competitive, one manufacturer will not let itself be outdone by another when it comes to offering cheaply-priced solar systems.

However, selling prices are not solely basely on the wattage that solar panels produce. Many manufacturers take account of the fact that they have clients who want the manufacturer?s technician to do the installation. This only means that installation fee will have to be added to the cost of solar panels. Other customers choose to do the installation of the gadget themselves; hence, the price of the unit is much less.

On the average, cost of the solar gadget is approximately from 5 to 20 dollars a watt. Another factor that the determines the cost is the brand and model of the gadget. Basically, solar panel prices range from below $100 to more than $1000.

Solar Panel Cost of Running Solar Power Systems

How much will it cost a home owner to run his house on a solar power system? In other words, how many units does he need to make sure that the lights can provide illuminations, cookers can produce dinner, or even the HVAC system fully run via solar energy system?

Well, it actually depends. If you actually intend to power just a few, small appliances, like a radio and small electric fun - or water heater, you will probably not an overwhelming amount of wattage to power them. It is certainly the opposite if you decide that you want to run your home totally via sun power.

Basically, your total cost of solar panels is dependent on your household?s overall usage of energy. Try to calculate your energy usage for the day and bring this to a dealer of solar power devices. Sure enough, he will be able to recommend to you the perfect model and number of units to appropriately meet your power requirements.

Financing ? Dealing with the High Cost of Solar Panels

There are many ways by which consumers will be able to purchase the necessary solar devices for their homes, even for those with tight budgets. There are solar panel loans and leasing schemes that homeowners will be interested in.

Needless to say, there are available efficient financial options, one of which will surely be appropriate for you to obtain your own solar device. These financing options will help you realize your solar energy goal by making sure that you are able to substantially lessen the cost of your residential sun power system.

Solar loans ? this is one of the most popular financing plans among homeowners. These are in the form of home equity and consumer loans.

Solar leasing Option ? this is another sought-after financial option many consumers, since it does not require capital upfront just to have the solar energy system installed in the roof of the owner?s home. Basically, if you decide to avail of leasing, you lease the gadget instead of buying it.

Rebates ? this scheme exists for numerous residential solar power systems. Most of such rebates are meant for PV and water heating systems. However, it also applies on other types such as cooling and lighting systems.

Tax Credit ? this is a special incentive from both the federal and state governments, and is applicable mainly as incentive for those who use solar photovoltaic and hot water systems.

By and large, more and more people take advantage of these financing options because they are extremely effective in helping consumers obtain their own sun-powered gadgets. Each and every one of this schemes is meant to encourage the usage of energy from the sun by making solar panel cost more affordable for all types of home owners.

Image Credit: Pakitt

Source: http://my-solar-panel.blogspot.com/2012/04/solar-panel-cost-how-to-obtain-more.html

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