Where Can You Buy Solar Panels
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Where Can You Buy Solar Panels
Solar panel kits are best for small DIY off-grid systems and you can find many on Amazon. Most solar panels kits will not generate enough power to cover the electricity bills for a home. However, they are a great option if you are looking to generate power for limited use and/or short amounts of time, like for an RV.
Some large multi-state solar companies can still be a good option when going solar. However, here at SolarReviews, we have typically found that customer service falls as solar companies grow to multi-state size.
The most common way homeowners buy solar panels is through local solar companies. Choosing a local installation company over a large solar chain usually means you get better customer service and a lower price when going solar.
Whichever way you choose to install your solar power system, it is important that the quality of the equipment holds up. A good solar company sells you equipment that is safe and is going to last 25 years - which is the life expectancy of your solar panel system.
With years of service and experience, Unbound Solar is proud to offer the best solar panels for sale available. With so many options to choose from, you can buy solar panels that are monocrystalline, polycrystalline, off-grid, or flexible solar panels. Our available solar cells for sale ensure you get quality solar panel efficiency, reasonable pricing, and knowledgeable customer service to help you order the right kit. Check out our solar panels, find the right one for your home, and join in using renewable energy.
Disclaimer: This guide provides an overview of the federal investment tax credit for residential solar photovoltaics (PV). (See the Federal Solar Tax Credits for Businesses for information for businesses). It does not constitute professional tax advice or other professional financial guidance and may change based on additional guidance from the Treasury Department. Please see their published Fact Sheet for additional information. The below guide should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions, or when executing other binding agreements.
A tax credit is a dollar-for-dollar reduction in the amount of income tax you would otherwise owe. For example, claiming a $1,000 federal tax credit reduces your federal income taxes due by $1,000. The federal tax credit is sometimes referred to as an Investment Tax Credit, or ITC, though is different from the ITC offered to businesses that own solar systems.
The federal residential solar energy credit is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a solar PV system paid for by the taxpayer. (Other types of renewable energy are also eligible for similar credits but are beyond the scope of this guidance.)
Under most circumstances, subsidies provided by your utility to you to install a solar PV system are excluded from income taxes through an exemption in federal law. When this is the case, the utility rebate for installing solar is subtracted from your system costs before you calculate your tax credit. For example, if your solar PV system installed in 2022 cost $18,000, and your utility gave you a one-time rebate of $1,000 for installing the system, your tax credit would be calculated as follows:
When your utility, or other buyer, gives you cash or an incentive in exchange for renewable energy certificates or other environmental attributes of the electricity generated (either upfront or over time), the payment likely will be considered taxable income. If that is the case, the payment will increase your gross income, but it will not reduce the federal solar tax credit. Note: A private letter ruling may not be relied on as precedent by other taxpayers.
Unlike utility rebates, rebates from state governments generally do not reduce your federal tax credit. For example, if your solar PV system was installed in 2022, installation costs totaled $18,000, and your state government gave you a one-time rebate of $1,000 for installing the system, your federal tax credit would be calculated as follows:
Yes. You do not necessarily have to be a homeowner to claim the tax credit. A tenant-stockholder at a cooperative housing corporation and members of condominiums are still eligible for the tax credit if they contribute to the costs of an eligible solar PV system. In this case, the amount you spend contributing to the cost of the solar PV system would be the amount you would use to calculate your tax credit. However, you cannot claim a tax credit if you are a renter and your landlord installs a solar system, since you must be an owner of the system to claim the tax credit.
Yes. A solar PV system does not necessarily have to be connected to the electric grid for you to claim the residential federal solar tax credit, as long as it is generating electricity for use at your residence
Yes. If you financed the system through the seller of the system and you are contractually obligated to pay the full cost of the system, you can claim the federal solar tax credit based on the full cost of the system. Miscellaneous expenses, including interest owed on financing, origination fees, and extended warranty expenses are not eligible expenses when calculating your tax credit.
Sometimes. Traditional roof materials and structural components that serve only a roofing or structural function do not qualify for the credit. However, some solar roofing tiles and solar roofing shingles serve both the functions of solar electric generation and structural support and such items may qualify for the credit. This may change based on additional guidance from the Treasury Department.
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The average cost of a solar panel installation in 2023 ranges from $17,430 to $23,870 after taking into account the federal solar tax credit, with an average solar installation costing about $20,650. On a cost per watt ($/W) basis, solar panel prices in 2023 average $2.95/W (before incentives). This data comes from our own marketplace data from thousands of users across 37 states and Washington D.C.
On average, it takes 8.7 years to earn back the money you spend upfront on installing solar panels. In fact, it is most helpful to think about solar panels as an investment instead of a single product that you simply buy. Also known as the solar payback period, the point at which you break even on your solar investment can be calculated by dividing your combined costs (the gross cost of your solar panel system minus any incentives and rebates) by your annual financial benefits (the amount you save on electricity combined with eligible incentives and rebates).
NOTE: These ranges come from EnergySage marketplace data and are system prices BEFORE the 30 percent federal tax credit for solar. Additionally, EnergySage does not currently provide quotes in all 50 states, which limits our ability to provide solar panel cost estimates in each.
The price you pay for a solar panel brand is reflective of panel quality to a degree. For example, systems using SunPower panels see the highest average prices ($22,740 for a 6 kW system and $37,900 for a 10 kW system), and SunPower is known for producing well-made, high-efficiency products.
The characteristics of your home and roof also play a part in your total solar costs. If you have a south-facing roof that slopes at a 30-degree angle, installing solar on your home will be relatively easier for your installer, as they can probably install all of your panels on a single roof plane that has optimal sun exposure (better, more direct sun exposure = fewer panels needed to produce the same amount of energy, which will lower your costs). Conversely, if your roof has multiple levels, dormers, or skylights, the additional effort to finish the installation may include additional equipment and installation costs.
The actual installation is an exciting day for every solar homeowner who wants to rely on renewable energy as opposed to a local utility company. There are several individual steps to the actual installation day, including preparing your roof with racking, setting up wiring, placing panels and inverters, and attaching everything together. The timeline for the installation will range from one to three days, completely dependent on the size of the system you are installing.
Solar installers also bring with them years of experience which will be invaluable. Working with a reputable solar company will decrease the likelihood of damage to your roof or a faulty solar panel system (both of which would be covered under their workmanship warranty).
Depending on where you live, it is possible that the system can pay itself back and more over time. This is because you won't be spending as much money buying electricity from your utility. If net metering is in place, you could reduce your bills even further.
Prices have been coming down steadily over the years. The total cost will depend on how many kilowatts of power your array will generate. According to consumer reports, after solar tax credits are accounted for, the cost for a solar panel system on an average-sized house in the U.S. in 2021 ranges from $11,000 to $15,000.
Elizabeth Ebinger in Maplewood, N.J., bought her solar panels, while neighbor Tim Roebuck signed a 20-year lease. Both are happy with the approach they took, and both are saving money on energy bills. Jeff Brady/NPR hide caption
Ebinger says she enjoys the nitty-gritty of owning solar panels, from figuring out her eligibility for government incentives to crunching the numbers. "I have to confess that I do maintain a spreadsheet that analyzes the details of our expenses and our payback," Ebinger says. 59ce067264