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Tips and Tricks to Save Money on Solar Panel Installations

If you are still debating whether you would save money on solar energy, the straight answer is yes. You might find this surprising since you would still need to spend money on solar panels and the installation charges. Typically, homeowners pay from $17,000 to $40,000 to have their residences viable for solar energy.

This amount might be unreasonable for others but when you calculate the cost against the savings in the long run (and how you are doing your part to help save our environment), you’d do any means necessary to switch to this sustainable energy now. Fortunately, there are a few tips and tricks you could do to save money on solar panel installation.

Purchase the Best Solar Panel

There are three types of solar panels, the monocrystalline silicon, polycrystalline silicon and the thin-film solar cells. These three have their advantages and disadvantages and in order for you to maximize your investment, you have to choose the best solar panel that is appropriate not only to your budget but also if you have the space for it. Monocrystalline panels are the most efficient.

They are also durable but very expensive. Thin film solar cells are affordable but they require too much space and are not practical for residential while advancements in polycrystalline silicon have made them almost as efficient as monocrystalline, but with a more affordable price tag. Search for solar panels Melbourne price and you would have an idea regarding the price difference between and which one would fit right into your budget.

Cut Costs on Installation Charges

You might not know this but there are cities, states, provinces and or countries that encourage their citizens to convert to solar energy. They are even offering incentives and or assistance to help lower the cost, especially on installation costs. Since this varies, you should inquire and do your research on the best way on how you could cut down the cost for solar panels installation.

You might be eligible for tax credit or rebates. Knowing how you can reduce your installation costs might take time since you might have to read terms and conditions and or you might have to communicate with various government authorities, but endure the bureaucracy because the savings is substantial.

Apply for A Loan

Since solar panels are designed to last for 25 years, you could apply for a loan to cover your expenses for it. Your monthly payment for your loan would be the savings you would have for your lower energy bill. The cost could easily be covered and you would not feel burdened with the loan you are paying for since you are getting the payment for it from the money you are saving from your wise investment.

Another tip you could follow but when you already have your panels installed, is to use your “power-hungry” appliances in the morning when the panels have abundant daylight to convert into energy. Some of these machines include the washing machine, dryer and dishwasher.