As a Penny Hoarder, you’re probably privy to the fact that the measures environmentalists encourage to conserve energy can also save a lot of money.
It’s simple: Non-renewable energy costs money. Use less, and you’ll pay less.
So it’s no surprise to see the range of people jumping on board the solar panel bandwagon.
My flower child in-laws use one to power the electricity in their conversion van for road trips along the West Coast.
And folks all over my conservative Midwestern hometown have solar panels adorning their roofs to power their homes.
Regardless of motivation, the sun is a great renewable source of energy — as long as you can afford the panels, right?
How to Save Money on Solar Panels
We know the cost to install solar panels is a scary number.
Household solar photovoltaic (PV) systems cost an average of $23,000.
Sure, they’ll save you twice as much in electricity costs during their lifetime. But where does the initial investment come from?
We’re excited to learn you can actually get them at a much more affordable price — or even for no money down at all.
To start, you might be eligible for huge tax credits or solar rebates. These vary depending on where you live, so use a tool like the one over at the National Solar Program to find the rebates available in your area.
You could qualify for a solar loan or lease to finance installation and avoid the upfront cost.
States around the U.S. have a variety of programs to support solar energy — rebate amounts vary by location.
Enter your address on this website to find out how much you can save by installing solar panels and how much you can earn in rebates.
Your Turn: Have you installed solar panels at your home?
Disclosure: You wouldn’t believe how much coffee The Penny Hoarder team goes through. This post contains affiliate links so we can keep the grinds stocked!
Dana Sitar (@danasitar) is a staff writer at The Penny Hoarder. She’s written for Huffington Post, Entrepreneur.com, Writer’s Digest and more, attempting humor wherever it’s allowed (and sometimes where it’s not).
The post Some States are Paying People to Use Solar Panels. Is Yours? appeared first on The Penny Hoarder.
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