The Solar Savings Playbook
Going solar has never been easier or more affordable. Learn more about why, how, and the benefits of adding solar energy to your home.
How it works
Lower costs of materials, tax incentives and rebates, and market growth have made going solar easier for homeowners.
- Tax Incentives
Federal, state, and even local municipalities* are offering special incentives for homeowners to go solar. - Cost of Material Have Dropped
Due to market efficiencies and economies-of-scale, the cost of solar materials have dropped dramatically over the last few years**. - Save $1,500 each year
After the startup costs and rebates, an average home solar system could save a homeowner $25,500-$33,000 on electricity over the life of the system.*** - Flexible Options
Most major solar companies offer financing and lease options. Both will still allow homeowners to resell excess power generated back to the grid (utility companies) where available.
Steps to Shopping for Solar.
Follow these easy steps to finding out if solar is right for you and your home.
Assess Your Shade
Homeowners that get the best bang for their buck have little to no shade over their roof. Before you shop for solar companies, get a realistic idea about how much sun your roof gets each day.
Homeownership
Residential solar systems are for homeowners only. As a homeowner, not only will you save on energy costs, but solar panels also increase home values.****
Compare Quotes
If you’re in a large metro area, then we recommend speaking to at least 3 solar companies. Knowledge, experience, and pricing can vary. Get quotes, and research online reviews.
Talk to Your Utility Co
Some electricity companies will purchase excess solar energy back from you. This can lead to even more savings. Talk to your power company to see if they offer this service.
Start Saving $1,500/yr on Your Power Bills
Take our free, no obligation quiz to calculate solar savings. Choose your monthly power bill to get started.
Solar Disclosures:
- *
– State and local incentives: https://wisemoneylife.com/solar-tax-incentives-by-state/
– Federal Tax Credits: https://wisemoneylife.com/homeowner-tax-credits/ - ** https://www.nrel.gov/solar/market-research-analysis/solar-manufacturing-cost.html
- *** https://www.forbes.com/home-improvement/solar/how-much-solar-panels-save/
- **** https://www.architecturaldigest.com/reviews/solar/do-solar-panels-increase-home-value
Wise Money Life
Privacy Policy and Terms of Use | Privacy Policy Notice – California | Ad Disclosures | Opt-out of Email
Important Disclosures: This site contains affiliate and partner links and may receive compensation for referrals or purchases made through our links. Contents of this website are copyrighted property of the owner of this site. All other trademarks, logos, and service marks (collectively the “Trademarks”) displayed are registered and/or unregistered Trademarks of their respective owners.
Additional Disclosures: WiseMoneyLife.com has partnered with CardRatings for our coverage of credit card products. WiseMoneyLife.com and CardRatings may receive a commission from card issuers.