Cost of Solar Panel Installation
For starters the cost of solar panel installation has dropped in recent years with many areas being able to have their solar panels installed for around $18,000 to $20,000. In addition, if you shop around and get estimates from various solar panel companies, studies have shown that when potential solar panel customers get three or more estimates before selecting a company to install their solar panels they can often save up to $5,000 or a little more on the cost of that installation.
In addition, you can claim the installation of your new solar panel installation on your Federal tax credit. Under the Investment tax credit you are allowed to deduct to 30% of the cost of solar panels and installation, which can save you as much as another $5000 making that solar panel installation more affordable than ever before.
In addition, there are solar panel companies that will work for you so that you can get those solar panels with little or no money down.