What are the costs of solar energy systems?

What are the initial costs of installing a solar energy system?

The initial costs can vary widely, but on average, a residential solar energy system can range from $15,000 to $30,000 before any tax credits or incentives.

Are there any ongoing costs after installation?

Yes, ongoing costs may include maintenance, insurance, and potential repairs, which can average around $100 to $300 per year.

How do tax credits affect the overall cost?

Tax credits can significantly reduce the overall cost. For example, the federal solar tax credit allows you to deduct 26% of the installation cost from your federal taxes.

What financing options are available for solar energy systems?

Financing options include solar loans, leases, and power purchase agreements (PPAs), which can help spread out the costs over time.

Is it worth the investment in the long run?

Yes, many homeowners see a return on investment within 5 to 10 years, and solar can increase property value while reducing energy bills.