Keep an eye on trade policy for savings
Changes in government trade policy also impact prices. In January 2018, President Trump imposed a four-year tariff on imported solar cells and panels that started at 30% and drops 5% each year until February 2022. So far, the tariff has resulted in a 16 cent per watt increase for the average consumer, which translates to an overall increase of $960 for a six-kW system, according to EnergySage.
The cost of foreign-manufactured panels may still drop, lessening the tariff’s effect over time. However, as the tariff decreases, so does the federal tax credit. If you’re leaning toward going solar, you might save more if you do so sooner rather than later.
Some of the factors that will affect how much you can save by going solar have already been listed. But we figured a little bit more depth would be worth going into.
To find out if solar panels are the best option for you, the Federal Trade Commission has a lot of recommendations.
Some of their tips for savings are here:
- To see how much electricity you used last year and what it cost, check your utility bill.
- Consider how long you plan on staying in your house.
- Find out the size of a system to fit your needs.
- Calculate the total amount of direct hours of sunlight your home is exposed to.
- Calculate the pitch or angle of your roof.
- Consider weather patterns which could affect your solar energy system.
That sounds like a lot of work, Right? Yeah, it is. And, on a house-by-house basis, how much all of these factors will affect you and your home will be determined.
Fortunately, solar reps like those at Solar City STL are experts in assessing whether a solar energy system is right for you or not. They will let you know what they have learned and whether they will consider you as a solar candidate or not based on your solar savings.
Why wait longer to start obtaining the benefits of solar power?
Talk to our solar experts today learn more about the technology or to obtain a quote for a solar Panels today