Solar energy is considered a cheaper and effective natural source of energy. In case you are considering installing one, you should familiarize yourself with the options and their benefits. Installation of the panels on your roof can cost you thousands of dollars if you fall into the hands of untrustworthy dealers. In order to evade this con man, you need to familiarize yourself with the following tips on selecting the best solar panels. Another important issue to consider is if as technology advances and more models are designed, will solar energy drop in the near future?
Where to Find Cheap Solar Panels
Different companies in the world sell solar panels at varying prices. For example, solar panels from China are cheaper than solar panels from Germany and the United States. The products from companies in the U.S and Germany guarantee that their solar panels will perform for decades. This ensures that the customer is confident with the product since they will reap maximum benefit from the solar panel. Most of these companies develop brands that are rated as the best in the world in terms of performance.
Solar panels are categorized based on their efficiency and cost. For instance, Canadian solar brands are cheaper in terms of cost per watt while SunPower panels are considered to be more efficient. In order to find an effective and cheaper solar panel anywhere in the United States, you need to spend some time in doing personal research as well as conducting some consultation with your solar panel installer.
Solar energy prices per watt have decreased by 5% a year. They now cost on average $3.14/watt. Prices have continued to decrease steadily. Therefore in the future, an investment in solar energy will prove to be an economical venture with good returns. Doing your research in advance and comparing prices can help reduce the cost of installing a solar panel.
A list of the cheapest solar power systems in the market have been compiled by the EnergySage Solar Marketplace based on shoppers who compared solar quotes. Most of the quotes contain information on the system size (in kilowatts), solar module prices, the location, and the brands of the inverters and the solar panels. The best method of comparing solar panels across different companies is to consider the dollar per watt since solar panel systems come in different sizes.
Cost versus Quality of Solar Panels
Despite the desire to cashback as much money as possible, do not compromise on the quality of your solar panel. “Cheap is expensive” is a narrative used to discourage people from buying counterfeit products. This is because people end up spending more money on repairs and maintenance than the initial cost of the product. Consider the quality of the solar panel before making a purchase. This will maximize your long-term saving once you invest in solar energy.
Generally, an expensive panel might generate more electricity and have a better warranty than a cheaper one. The measure of the quality of solar panels is their ability to convert sunlight energy into available power. Buying cheap solar panels might earn you no returns as expected since the payback period may even triple.
Solar Panel Benefits
Buying a solar panel is a big investment and thus you should think about efficiency and performance. In the long-term, cheap solar panels will not save you any money. These costs will exceed the money that you have saved on cheap panels. Do not rely on quotes about the cheapest solar cells offered from online shops. Taking that approach will deny you the chance of experiencing the benefits of quality solar panels.
The finance sector has also embraced the “Go Green” movement and home improvement loads are offered for solar panels. The most interesting part is that the loan payment principles are lower than the old electricity bills. Therefore, you will realize the financial benefits of solar energy the first month you install your solar panel.
Tips for the Shoppers
- Consider having more than one quote. Homeowners who acquire multiple quotes are said to save more than 10% of the cost of the solar panel. The solar marketplace like EnergySage has a database for vetted installers who can fix your solar panel at an affordable fee.
- The cost of the solar panels and their installation varies across solar companies. The big brands tend to charge $ 2,000 more than the smaller local companies for the same service. Therefore, compare the cost of the local and the bigger installers and make your choice.