According to the Solar Energy Industries Association (SEIA), the cost of solar has declined over 73% since 2006! However, solar installations still can present a sizable financial commitment. Like buying a car, there are different options to consider to best meet your needs, and a variety of incentives can help make the economics work even better.
There are three steps to evaluating your financial options for installing a solar system – calculating your expected return on investment (ROI), evaluating your payment options, and reviewing available incentives. If you are unable to finance your own solar system, consider other options like Solarize group purchasing or Community Solar.
Image Sources:
Energy Sage (Calculate Return on Investment)
EnergybySolar (Available Incentives)