Cost of Solar Panels - Tips to Finance Your Home Solar Power System

A lot of people are genuinely interested to go "green" when it comes to their power needs. Solar power is in fact, one of the most promising forms of "green" energy available today. However, the up-front cost of installation and equipment is usually what stops people from adopting home solar power.

These days though the cost of solar panel components (photovoltaic panels or PV) are at an all time low. Also, there are now plenty of ways to offset the cost of home solar technology, making PV systems more economical in the long run.

If you are interested in saving money on a PV system, here are some tips:

Shop Around

Using the Internet, you can find a lot of solar companies that offer wide-variety of PV components at very good prices. Comparing your options can lead to a lot of savings when buying and installing a home PV system.

Take Advantage of State-Level Incentives

The Database of State Incentives for Renewables and Efficiency or DSIRE provides a list of state incentives that supports renewable energy alternatives. This can help you find local incentives to help minimize the cost of solar panel systems.

Federal Government Tax Breaks

The government also awards a 30% tax credit to people who install renewable energy systems in their homes, such as a solar or PV system. This can further assist you in recouping your initial solar power costs and expenses.

Private-Sector Financing

There are now many commercial solar companies and banks that offer financing options to cover the cost of solar panel system installations. Some banks even allow you to put the cost of PV systems on your mortgage. More and more companies are now seeing the advantages of supporting the solar energy industry.

Solar Power Rebates and Net Metering

Always make sure you buy from state or government-accredited solar equipment suppliers. This guarantees your eligibility for solar rebates to help mitigate expenses. Also, if your PV system generates surplus power your utility company might actually agree on a "net metering" setup. This means that they can buy the surplus power from you, therefore lowering your costs even further.

The above tips are great ways to minimize the immediate cost of solar panel devices and equipments. Also, an excellent DIY home solar power guide can help you build good PV systems at an affordable price. Solar technology is a great way to save your money and the environment as well.

Article Source: Cost of Solar Panels - Tips to Finance Your Home Solar Power System

DIY Solar Panels and Windmills Building Guides

Earth 4 Energy - Make your own solar panels or wind turbine. More info here

Home Made Power Plant - There are some other guides for DIY wind and solar generators, but all of those that I've read don't get into the same details. More info here