Tired of skyrocketing electricity bills? Going solar can be a fantastic way to reduce your energy costs and contribute to a cleaner planet. But with so many options and upfront costs, it's easy to feel like you won’t be able to get solar for your home.
The good news is, there are more ways than ever to afford solar panels. We'll explore the three primary options for installing solar panels on your home: outright purchasing, leasing, and financing. We’ll also show you the top problems the roofing and solar industry faces, and how August Roofing & Solar is changing the game.
1. Outright Purchase Solar Panels
If you have the financial means, purchasing your solar system outright is often the most cost-effective option in the long run. Here's why:
Higher Return: You'll reap the full benefits of solar panels from day one, including tax credits, a significant reduction in your electricity bills.
Ownership: You'll own your solar system outright, immediately boosting your property value and giving you complete control over its maintenance or any future upgrades.
The upfront costs can be substantial, making it a less viable option for those with limited budgets. Luckily, the next 2 options are perfect for homeowners looking for budget-friendly solar panel installation.
2. Solar Leasing
Solar leasing is a popular choice for homeowners who want to enjoy the benefits of solar without any large upfront investment. Here's how it works:
No Upfront Costs: Like leasing a car, you simply lease the solar system from a company.
Monthly Payments: You pay a fixed monthly rate for the solar energy produced, typically lower than the cost of energy from your electric company.
Maintenance: Whoever is in charge of your lease handles all maintenance and repairs.
It's important to carefully review the terms of your solar lease agreement, as there may be some considerations when selling your home or making significant changes to the solar system.
3. Financing Solar Panels
Solar financing is similar to a home mortgage, allowing you to spread the cost of your solar system over time.
The Loan: You obtain a loan to purchase the solar system you will be using and make regular monthly payments to repay the loan, rather than paying the entire upfront cost.
Tax Benefits: Just as if you paid the entire solar system upfront, you can enjoy tax credits from a financed system.
Ownership: You completely own the solar panel system once the loan is fully paid off.
Financing can be a good option for those who want to own their solar system but don't have the upfront funds. However, it's important to compare interest rates and loan terms from different lenders to find the best deal.
Why Choose a Roofing and Solar Company?
When considering solar installation, it's crucial to choose a company that specializes in both roofing and solar, like August Roofing & Solar. Here's why:
Roof Evaluation: A qualified roofing expert can assess the true condition of your roof to ensure it's suitable to support solar panels. Many solar-only companies don’t know roofs and can miss potential risks your roof carries that could lead your solar panel installation to fail.
Proper Solar Installation: A company with expertise in both roofing and solar can ensure that the panels are installed correctly to prevent leaks and damage to your roof. Poor solar panel installation is one of the top issues in the solar industry, costing families unnecessary costs and their safety.
Streamlined Process: Dealing with a single company for both roofing and solar simplifies the process. This way you can avoid potential headaches dealing with 2 separate companies playing the blame game when things go awry.
Aesthetics: A combined roofing and solar company can help you achieve a seamless and visually appealing solar system that complements your home's architecture. Some solar companies will arrange solar panels in a messy way for convenience-sake. On the contrary, a roofing company can readjust your vents so you have more freedom to get the most appealing solar panel layout.
Ready to take the next step? Our team of experts will assess your home's needs and provide personalized recommendations to help you choose the best solar solution for your budget and lifestyle. Contact August Roofing & Solar today for a no-cost-to-you consultation in Los Angeles, Ventura, or Santa Barbara counties!
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