You’re tired of paying too much for power, and you’re ready to save money by switching to solar. But just how much do solar panels cost in 2020? Is it more expensive now to switch to solar, due to its rising popularity? Is there a way to save on solar energy costs when you switch? With Aurora Energy, we want to help you save money on your power bill every month. Forever. We assure you, 2020 is the year to switch to solar.
Act Now, While the Solar Tax Credit is Still High!
This year, homeowners can get 26% of the cost of their new solar power system deducted from their income taxes. Next year, that goes down to 22%. Starting in 2022, that tax credit is gone! That’s a lot of money left on the table for waiting a year or two. Maximize your solar tax savings potential by investing in solar panels this year.
The Average Cost of Solar Panels
The solar energy market is always changing, and so do the costs. For consumers, this is a good thing! Solar panel design and production have become even more efficient. Do you know what that means? The cost of going solar has significantly gone down in the past decade.
According to the Solar Energy Industries Association’s industry research data, “The cost to install solar has dropped by more than 70% over the last decade, leading the industry to expand into new markets and deploy thousands of systems nationwide.” The SEIA followed that up by adding, “An average-sized residential system has dropped from a pre-incentive price of $45,000 in 2010 to roughly $24,000 today, while recent utility-scale prices range from $18/MWh – $35/MWh, competitive with all other forms of generation.”
Of course, costs vary by energy needs and the area you live in. Through our experience, we’ve found that small solar packages cost $15,000 to $25,000, while larger packages cost $26,000 to $90,000.
Tips to Lower Your Solar Energy Costs Even Further
Tip #1: One of the best ways to save even more when you switch to solar is to comparison shop. That’s easy to do with Aurora Energy! Since we aren’t beholden to a single solar manufacturer, we can help find the solar panels from the right company, with the best price. That way you don’t have to get separate quotes single-handedly. We do that for you, so you can keep your solar energy costs down.
Tip #2: With a 26% tax credit for 2020, you’ll save even more. So if your system is $15,000, it will be $11,100 if you choose to roll your tax credit into your cost. Remember: by 2022, this tax incentive will end! Now is the time to switch to solar! The larger your system, the larger your tax credit!
Tip #3: Have we mentioned that with a Power Purchase Agreement (PPA), your solar panels are essentially free? There’s no upfront cost to sign up for one. Aurora Energy will cover the installation and maintenance thereafter. You just buy power back from us, probably for less than what you pay now with your current utility company.
Tip #4: Did you know you can include the cost of a new roof, HVAC system, battery wall or generator in the cost of your solar and take the 26% tax credit on that item as well? There is no time like the present for these critical, power saving home improvements — especially with a huge discount like the tax credit provides.
Solar panels cost less in 2020 than you think. If you’re ready to switch to solar and save money on energy every month, forever, contact Aurora Energy today.
