There are a lot of things to consider when you are deciding to make the switch to solar panels for your Utah home or business. You may need to have a lot of information at your fingertips, and the numbers can be intimidating. But taking it step by step to break down the cost of solar panels can make a big difference in becoming well-informed about your solar choices.
Follow these steps to determine what the cost of solar will be for you and your business or home:
- Existing Power Bill. The first thing you need to start with is your existing power bill. Take a look at your utilities bill over the past year. Be mindful of fluctuation, and add up the amount you spent in the last 12 months. It’s important to keep that number in mind.
- Power Usage. Along with your expenditures the last calendar year, you need to take a look at how much energy your home or business is using. The monthly usage should be on your bill. You will need this number to determine how many solar panels you need if you want full power coverage.
- Roof Area. If you are building or built your house, you can probably find the dimensions of your roof, minus any grates, chimneys, or other features that would preclude solar panels. You can also call Mountain States Solar & Roofing for a free consultation for your home.
- Overall Cost. Once you know roughly how many solar panels you want for your home, then you can get price quotes for the overall cost. Get the pricing from a few different solar vendors if possible.
- There is usually an additional installation cost, so be sure to ask for the itemized installation costs from each solar panel company – they can vary widely.
- Payment Plans. There are financing options available through the solar company, or even the bank or credit union you use. Ask about how you can finance, and what your monthly plan may be.
- Tax Incentives & Rebates. Solar companies should have information about local, state, and federal rebates for buying solar panel systems. It’s also a good idea to talk with your tax accountant or preparer to see what they can do to maximize your incentives for purchasing solar.
- Additional Value to Your Home. The other thing to consider is the additional value to your home. It can positively impact future refinancing, as well as get you more money in a resale. Talk to a realtor or appraiser if you’re considering a future sale.
You may find yourself gathering numbers and information from various sources, but it will be helpful in the long run for making your choice to purchase solar for your Utah home or business.