An Inside Look At The Cost of Residential Solar Panels
More and more homeowners are making the switch to solar these days, and it’s easy to see why. We all want to do our part to help the environment, and solar power is a big part of that. In addition to feeling environmentally conscious, we have practical reasons for installing solar panels at home: saving money! Our clients typically see savings of 40% to 70% compared to their traditional utility providers – right from day one.
This Isn’t Your Parents’ Solar Power
In the past, installing a home solar system was somewhat burdensome, with a variety of up-front expenses and long-term risks. Homeowners were asked to spend $30,000 – $40,000 to purchase and install the solar system and bear the responsibility of maintaining and insuring the solar panels.
Homeowners probably even incurred a lien on their home, which meant residential solar panels cost more than anticipated, paying them off for years before they reached a break-even point.
More Money in Your Pocket
Most traditional energy providers use coal to generate power, which needs to be shipped around the country and then transported to you through hundreds of miles of power lines and transformers.
That’s extremely unruly, inefficient – and expensive. Electric companies often make billions of dollars off of consumers every year, no matter what the season or state of the economy.
With solar power, you escape the traditional utility trap and act as your own provider with the panels on your own roof.
Not only is the fuel source (the sun!) abundant and free, but solar allows you to stop paying the utility company’s delivery fees, taxes, regulatory charges, and a laundry list of other costs.
Solar Purchase
System Owner
- No monthly payment
- Maintenance options available
- Product & workmanship warranty
- Benefits from tax credits and incentives
Solar Loan
System Owner
- Lower than utility monthly payment
- Maintenance options available
- Product & workmanship warranty
- Benefits from tax credits and incentives
Solar Lease
System Owner
- No Monthly payment to CSB
- Maintenance options available
- Product & workmanship warranty
- Benefits from tax credits and incentives
Solar PPA
System Owner
- No Monthly payment to CSB
- Maintenance options available
- Product & workmanship warranty
- Benefits from tax credits and incentives
- Locked in rate. Lower than utility monthly payment.
- Maintenance, monitoring and insurance.
- Product & workmanship warranty
- Benefits from tax credits and incentives