Considering a solar energy system for your home or business in Doylestown? You’re not alone. Many residents have already gone solar, and the benefits are well worth it. But the question now is, how much does it cost? And how do you calculate the value of SRECs (Solar Renewable Energy Certificates)? Here’s a look at some of the key aspects of a Doylestown solar energy system.
Cost
The cost of solar panels in Doylestown, PA varies greatly. A five-kW solar system can cost around $12,750. A ten-kW system will cost approximately $25,000. Other factors that can increase the cost include the type of equipment and the amount of energy produced. Smaller systems with cheaper panels can be installed for less money. Also, remember that some utilities offer incentives for solar systems. Installing solar energy at home can lower your electric bill and increase the value of your property.
The cost of Doylestown solar energy can be prohibitive, but many homeowners can take advantage of various financing options. Almost every solar installer in Doylestown offers financing options. While a solar loan can reduce the upfront cost for many homeowners, it also means you’ll be paying more over time due to interest. Therefore, you should consider the cost of financing options before making the final decision. While a high-interest loan can increase the total cost of a system by thousands of dollars, a large down payment and low APR loans can help offset the costs.
Benefits
If you want to lower your carbon footprint, consider installing a home or commercial solar energy system. Doylestown PA residents are ideal candidates for solar energy absorption, because they live in the Sunshine State. In fact, the Doylestown solar energy tax credit is still 26% through 2022, after which it will drop to 22%. Afterwards, commercial units can only get a 10% tax credit. This tax credit is still an excellent option to reduce utility bills.
Among the benefits of installing solar panels in your Doylestown home is that they are tax-exempt and will reduce your electric bill. Plus, you will enjoy tax incentives from your state. In fact, the average Doylestown resident can expect to save over $1,000 per year in electricity costs after installing solar panels. However, you should remember that the cost of installing solar panels can be intimidating, but the benefits are worth it in the end. Using solar energy will not only benefit the environment, but your bank account too!
Installation
The costs associated with installing a solar energy system depend on the size of the system. In Doylestown, there are three solar panel installation companies. Each charges a different amount for labor and equipment. Some are larger than others and some are local. The size of a company can also affect cost. A larger national company has better pricing and customer service, while a smaller local company may offer more customization and personalized service. If you’re considering installing solar panels in your home, check out the occasional sales and promotions for even lower prices.
When choosing a solar installation professional, always look for a long-standing company with a good reputation. Long-established companies have a proven track record of customer satisfaction, so they’ll be more likely to follow through with the project. They’ll also offer ongoing support, including repair and replacement of parts if necessary. You can find the right Doylestown solar installation company by searching Thumbtack.
SRECs
Whether you’re looking to reduce your energy costs or earn SRECs, there are many benefits of installing a solar energy system. A solar energy system can pay for itself within eight to ten years, generating enough electricity to offset your energy costs. Best of all, it will never go up in price. With a solar energy system, you’ll be doing your part to save the environment. If you want to get more information about solar energy systems in Doylestown, contact Exact Solar.
Conclusion
If you’re looking to install a solar panel system in Doylestown, PA, SRECs may be one of your best bets. They’re an excellent way to offset your payments for the solar system, while helping you earn a regular income. In addition to helping the environment, SRECs also increase your home solar investment’s ROI. So, if you’re in Doylestown, Pennsylvania, you’re ready to invest in a solar energy system.
