Lets See What Solar Will Cost You
Solar system quotes: How to guarantee the best price
If you’re thinking about buying a big-ticket item, you’ll probably want to shop around before making your purchase. Consider an airline ticket for example. It’s not as simple as finding the cheapest flight – there are many factors that make a particular ticket the right option for you. You’ll also want to know: What time does the flight depart? Is it a direct flight, or will there be a layover? What’s the airline’s safety record? Or what’s their record of on-time arrivals?
Door to Door: Solar Sales People
Door to door sales are the old way of selling solar and often guaranteed to have Higher pricing with Cash and Closing incentives tied to the deal as well as the high pressure sales tactics to close the deal now. Beware – Most of These incentives are thrown in the back end of the deal and you end up paying for it and financing it as well.
By using a comparison-shopping approach, you can ensure that you have all of the relevant information in front of you before making a purchase. The same is true when shopping for solar power systems for your home or business. Ikon Energy encourages every solar shopper to receive and compare multiple solar installation options rather than solely talking to a single solar installer.
Ikon Energy recommends that you engage with more than one solar installer and financing providers in your area in order to understand the trade-offs between each option, and ensure that you maximize your return on solar investment. Take the time to review all of your solar energy quotes and ask questions about the key differences between the proposals. Do not sign a contract until you are aware of all the details, costs and timelines.
How comparing solar energy quotes saves consumers money
When you receive multiple solar energy quotes from installers, you can compare equipment choices, financing options, and solar company reviews to find the installation quote that best suits your needs. By comparing multiple quotes for solar energy systems from installers you can save 10 to 25 percent on the cost of going solar as compared to your state averages. If Installers know that their information is being standardized and reviewed side-by-side alongside quotes from other solar companies this encourages them to provide a fair price and the best terms possible for your solar energy system – But Remember CHEAPEST is not always the Best. Remember take the final contract price and divide by system size to make sure that the price per watt is the price the solar rep told you would pay, this makes sure nothing is added in the back end and hidden in the price.
Solar shopping: Find the best solar quote
Installing a solar system is a major purchase with many different components, all of which can impact your financial returns. However, comparing solar quotes doesn’t have to be complicated. Ikon Energy can help make easy side-by-side comparisons between quotes from multiple installers.
Solar panel brands and models
There are more than 100 different solar panel brands and many models within each brand. Each panel has specifications related to size, design, efficiency, durability, and warranty, among others. All of these specifications impact solar panel quality. Solar installers will provide you with solar panel quotes that feature different models; by comparing your options, you will be able to find the best solar panel value for your home. We recommend only using Tier 1 Products like Solar Edge, Emphaze, Sunny Boy, Silfab, LG, Canadian Solar.
Inverter types and brands
Solar panels capture solar energy as direct current (DC), but almost all households run on alternating current (AC). Inverters convert DC electricity to AC electricity, and are included as part of every solar energy system. There are three types of inverters, and multiple inverter manufacturers; the inverter that you choose depends on the specifics of your property. Solar installers tend to have preferences for a particular type or brand of inverter. By comparing solar energy quotes, you can investigate these options yourself and identify the key differences in the technology that installers recommend.
Solar financing options
Most property owners can’t or don’t want to pay for their solar energy systems in cash, which is where solar financing comes in. These lenders often only require a minimum 650 Credit score and they can get you approved for up to $50,000.00 relatively quickly and if your credit score is above 700 a $100,000 loan is quick too.
Financing options include:
- The solar loan, which you can use to finance your purchase of a solar energy system.
- The solar lease, in which you pay a fixed monthly payment to “rent” your system from a third-party owner.
- The solar power purchase agreement (PPA), where you agree to pay a low per-kilowatt hour rate for electricity produced by a third-party owned system installed on your property.
Understanding the relative returns of each financing option is essential to finding the solar energy quote that meets your financial needs.
What Should I Pay For Solar
Solar Sales people always try to avoid this question with smoke and mirrors unless they are sitting right in front of you trying to push the Hard Sell and close the deal today. We can tell you that for Tier 1 equipment you will spend between $3.65 and $4.85 per watt. You might ask why such a difference and that is because of financing options. If You are going to pay Cash then you should be able to get solar installed for $3.65/watt but if you are going to finance the equipment then you can pay upwards of $4.75/watt. The solar finance companies want a piece of the pie for their quick approval process and risk – But if you can’t afford to pay cash and want solar quickly this is sometimes the quickest option. IKON suggests try adding the Solar costs onto your Line of credit or home equity loan, It will cost you a whole lot less in the long run and make your savings for going Solar that much greater.
System design
How your solar panels are configured on your roof can impact the amount of solar power you generate, as well as how your system will look from the ground. Each installer will design your system differently, taking into account the variations of your roof. Compare each design and ask your installers about their reasons for any differences. Make sure you are comfortable with both the amount of power your system will generate and how it will look on your property.
Solar company reviews
While comparing the relative benefits of your solar energy system’s physical components is important, every solar shopper should also consider solar company reviews when deciding which quote to choose. Having a trusted, professional installer is important to ensuring that you install the best solar power system for your home. Compare solar installers to find one with significant industry experience, good references, and robust warrantees.
