PANELS ARE CHEAPER
China boomed with solar panel manufacturing several years ago, leading to a collapse. The only options for companies were to close down or slash prices. Many chose to slash prices to stay afloat.
INSTALLATION IS MORE EFFICIENT
Where a standard installation took 2 full days a few years ago, today requires only about 4 hours.
COST HAS BEEN CREATIVELY ACCOUNTED FOR
Many of today’s deals include the homeowner essentially “leasing” the panels from the solar installation companies, paying a replacement “power bill” directly to the company. While the end cost will be higher than an outright purchase of the entire system, the monthly bill is significantly less than a typical power bill. This broadens the scope for many, allowing average-earning, middle-class Americans the opportunity to cut their power bill and take a step closer to energy independence.
FEDERAL AND STATE SUBSIDIES
Most states are still offering incentives for homeowners to switch to solar power. The federal government also has plans to help Americans make the switch.