Friday, November 8, 2019

What's The Cost Of Going Solar?

today we're going to talk about the cost of going solar

we get that question all the time, how much does it cost to get solar?

I think there's no simple answer to that, it's a little bit like asking

how much does a vehicle cost?

so do you need....

a pickup truck? do you need a car? what are you trying to accomplish?

so I would say worn a really simple rule of thumb is the average home solar project is going to cost roughly thirty thousand

okay and you know a small business could be looking pretty quickly at a hundred thousand dollars, that is before incentives that is the top-line cost of solar.... sure sure and of course the larger projects like this would cost me.

so why couldn't I as a homeowner go out online or a store or buy some panels and put them on my roof myself?

yeah because there's much more that goes into a solar project than just the panel itself.

okay so there's behind-the-scenes things such as engineering permitting you would have the interconnection so you need approval from the local utility that you're gonna be a tie-in to so there's

there's that aspect of it so that's the soft cost then you have other hard costs conduit wiring inverters racking then your labor so there's a lot of pieces that go into a solar project just more than just the panels so when I buy a solar system from a solar contractor

such as paradise I'm giving a turnkey solution that's right you're getting a turnkey solution so if you're looking strictly at just the cost and you're researching cost per one panel and taking that times a number of panels you need you're missing a a large majority of additional costs and that could directly into the installation of a solar project so if I was a homeowner and I put a thirty thousand dollar system on my house what would I expect to save you're gonna save the world warrant okay no but you're gonna save about a hundred and fifty dollars a month on average on a thirty thousand dollar project so there's a federal tax credit today

yes it's 2019 and it's going to step down next year so that's why I say that but today you would save $9,000 which would be 30% of your initial total project cost. excellentand now as a small business owner if I was installing that hundred thousand dollar system what type of tax savings would I see there so

you're gonna save on top of that 30% tax credit which would be thirty thousand in this scenario you're gonna save taxes on depreciation just like buying any other piece of equipment in your business you're gonna save you're going to depreciate that so lower your taxable

income and therefore save money on taxes as well as the tax credit great so if
you're like me and you just want to get the job done and not have to do any work yourself then you would want to turnkey solution like paradise provides and from that I'm gonna realize tax savings and monthly savings from using this type of resolution.

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