Solar power is an attractive solution, especially because it helps save costs. While advances in modern technology have seen the initial cost of obtaining a system go down drastically, it may still be a dream for you. Fortunately, you do not have to save for the rest of your life just to get renewable energy for your home. You can still enjoy great savings without having to dig deep into your pocket.
That said, it is important to note that the initial investment you make getting solar power systems for your home is paid back in drastically high savings you make to your power bill. With the right application, you can even have no electric bill to pay at the end of the month. The following are ways that you can get solar energy for your home at an affordable cost.
Do piecemeal installations
You do not have to get all solar power solutions at the same time. Solar power solutions are applicable in different aspects of the home. You do not have to take up all the applications at once. You can start with one application and add on as you go. For example, you can start with solar powered outdoor solutions which are not expensive to buy and install. You can then focus of internal lighting solutions or even to meet your heating needs. Eventually, you would have installed the whole system affordably.
Take advantage of grants
The government offers grants that allow the purchase of solar panels and corresponding systems. Taking advantage of such grants can save you considerable cost. For example, if a system costs $12,000 a grant can make it as low as $5,000. Find out if there are such programs in your area and apply. With such grants, you do not have to fund the installation of the system from your pocket.
Lease the equipment
You can also sign up for leasing of the solar equipment. The leasing option is great if you do not have the ability to purchase the system. You can also opt for this if you live in a rented house but still want to enjoy the benefits of solar power use. The leasing option allows you to either pay a monthly fee for the equipment or a fee calculated on the kWh generated. Most companies offer a chance for you to buy the equipment after a certain period, which could be as early as the 5th year. The good thing with this option is that the cost you pay per month is significantly lower than if you were using electricity.
Most solar solution companies offer financing options. Depending on your needs, you can get financing that can go as high as $ 55,000. To get such financing, you must meet the set requirements based on your monthly energy bill among others. This is an ideal option as the payments are spread out over a long period. You therefore get to own equipment and comfortably pay for it thus still enjoying the financial benefits of this solution.
Robert Kim is an avid conservationist and advocates for renewable energy use through affordable purchase of solar panels. Get an option that works for you.