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Financing

article-financing2A solar rebate and other incentives can reduce the cost of a PV system. This cost depends on a number of factors, such as whether it is a stand-alone system or is integrated into the building design, the size of the system, and the particular system manufacturer, retailer, and installer. For solar water heaters and space heaters, you also have to consider the price of the fuel used to back up the system. In most cases, you would have to add the cost of natural gas or electricity to get a more accurate estimate of how much you can expect to pay for a solar energy system.

It is also difficult to say how much you will save with a solar energy system, because savings depend on how much you pay your utility for electricity or natural gas, and how much your utility will pay you for any excess power that you generate with your solar system. You can ask your solar system provider how much your new system will produce on an annual basis and compare that number to your annual electricity or hot water demand to get an idea of how much you will save.

You can also check out the other links under this heading for more information and an estimator.