Solar Panel System Cost
The Solar Company uses SunPower panels, one of the highest efficiency solar panels available. Total gross system cost will be between $8-10 per watt to install, including sales tax, making it an affordable solar solution. The exact solar panel system cost will depend on the system size (see What Size Solar System Do I Need?), ease of installation, and state rebates or incentives. As of 2011, a 3 kW system that could power a typical California residence with good southern exposure would have an estimated net cost of about $15,000, after all solar rebates and tax credits. The same size system for a commercial project would end up with a net cost of about $9,000 after taking advantage of the larger tax incentives currently offered.
Another option you may want to consider is leasing a solar panel system. Initial costs for installation can vary and lease payments are on a monthly basis. To learn more about leasing, please see Purchasing Or Leasing a Solar Panel System.
Financing Solar Power
Solar for Residential
When purchasing, most people decide to finance a solar power system. You are welcome to pay cash, find your own financing solution, or use our lending program. We use SunPower Smart Financing because it offers five different lending options that are designed to meet your economical situation. If you do decide to finance, it is important to use a lender that understands what you are buying; this will allow you to get a better loan. The SunPower Smart Financing program uses home equity loans that allow you to get great rates, fixed or variable interest loans, and the ability to write off the interest as a tax deduction. Our in-house Financial Advisor can assist you in choosing the best method to purchase your solar power system.
Solar for Commercial
There are even more great benefits for our commercial clients. With our high-efficiency SunPower commercial modules and patented non-penetrating roof mount system, we offer state-of-the art solar systems with world-record efficiency and warranties. And there are extra incentives for most commercial businesses – including an accelerated depreciation, tax credits, and state rebates – which makes this a great time to explore solar for the long-term benefit of your company.
