Have you ever wanted to lessen your carbon footprint but couldn’t justify the cost of installing solar panels on your home? The price of solar panels has drastically dropped within the last few years and they’ve become more popular than ever, especially since installing solar panels can save you thousands on your utility bills every year. If you want to make a difference in the world and move toward sustainability, you, too, can afford this previous luxury.
Why Are More Middle Class People Installing Solar Panels?
More and more the Average Joe is considering this alternative energy source because of the money saving advantages. According to NPR, an interview with John O’Hagan, a retired New York Police officer, revealed that the price of solar panels is dropping because of what “is written in little letters on the back of the panels going up on John’s roof.” If you look closer, you’ll notice that they say “made in China.”
What has happened is that a few years ago China ran with the solar panel business and made way too many factories. “When they all came online,” Jacob Goldstein of NPR’s Planet Money explains, “there was this massive glut in solar panels. Prices collapsed, and they’ve stayed low…” Now, you can purchase all different types of solar panels and they aren’t hard to find. From online to your local home improvement store, solar panels are ready to purchase and don’t cost too much to install.
Installing Solar Panels Is A Money-Saving Move
Now is the very best time to install solar panels. No longer do you have to wait years upon years to begin recovering the upfront cost of installing solar.
John O’Hagan looks forward to saving between $80-90 a month after installing his solar panels. And the option to lease these sustainable panels is readily available, too. A lease on a solar panel system means no upfront cost and immediate savings on your bills. Also, the lease is transferable when you sell your home so you’re not tied down. In some cases, if you’re producing extra energy, you can earn money from the electric company through net measuring programs. Not only will you be saving money on your bills, but you will have the potential to earn energy credits and money from the electric company!
Other Incentives for Solar Panels
Middle class individuals also are taking advantage of the rebates and tax breaks offered for installing solar panels. The U.S. Department of Energy has a breakdown on their website of all the tax credits, rebates, and other incentives to support energy efficiency. Depending on your state, you can save thousands of dollars on the purchase price and installation of a solar system. The price of installation has also dropped as solar panels have become more popular. Your chance of finding a professional in your area is much better, and the installation takes less time than ever before.
If saving money on your bills, making money or energy credits, and investing in the resale value of your home sounds like a good plan to you, begin your search to install solar panels today while the price is right!