Have you already installed Solar Panels on your roof? If not, you might NOT want to wait.

For years I’ve heard friends tell me that they are waiting for solar to get cheaper before they lease or purchase them. Even as prices have dropped to a small fraction of their prior cost, there is an assumption that they will get only cheaper over time. The reality is that the panels are now only a small fraction of the total cost of having them installed. For example, panels can be as cheap as $ .50/watt (wholesale) and (as of 2014) cost an average of $4.72 installed. The price of solar panels may continue to fall but the cost of labor likely won’t. Even more important is the fact that the current 30% federal tax credit expires next year. What does that mean? Well, for starters it means that the cost of Solar is actually going to increase significantly!
For those who have an electric bill of around $100/month (annualized average) you will save money by installing solar. If your usage is lower than that and you think you are likely to purchase an electric car in the next few years or to switch some appliances to electric that now run on gas (e.g. we switched from a gas water heater to a heat pump one) then the solar will definitely make economic sense. Most likely the price will be a lot higher at the end of next year than it is now and paying 30% more for solar (assuming you qualified for the tax credit) is no small amount.
The good news is that our solar provider, @Sungevity is offering $1,000 off using a referral code and you can use ours with this link: http://www.sungevity.com/get-your-iquote…. They offer this discount a couple of times or so a year and it’s the biggest discount they offer! We do benefit from the referral — so if you do get a quote from Sungevity we would very much appreciate your using it. The most important thing is getting solar so if you prefer another vendor by all means get a quote from them too! If you have any questions about monthly leases vs pre-paid leases vs purchasing I’d be happy to address them, I’m very knowledgable about them after doing our research!

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