Solar cost depends on various factors and can cost before rebates for a typical residential system between $10k and $20k. Rebates, incentives, federal, state and local incentives bring the out of pocket expense down considerably and in some states the system payback is only a few years. We’ve written about solar leases and PPA in previous articles and that option allows homeowners and business to go solar for little or no money down.
Conclusion
With a short payback period and the opportunity to save money and reduce the variability of energy costs, solar is a great option for homeowners. With a solar lease a homeowner can save on average 10%-30% annually. Save money, reduce future energy costs and help the planet – it’s the best of both worlds.
[Editor’s Note: John Joshi is a managing director at CapitalFusion Partners LLC, an advisory firm focused on renewable energy and infrastructure projects. He also runs the Carbon Finance & Securitization group on LinkedIn. Mr. Joshi can be reached at: jjoshi@capitalfusionpartners.com.]
