Solar savings for homeowners

The financial benefits of switching to solar

Making the move to home solar means saving money and making the right choice for a greener planet. Once you’ve made the transition, your investment will pay off for decades to come.

Reduce your
energy bills

Any power produced by your solar panels is power you don’t need to purchase - it’s that simple.

Increase the value
of your home

Solar panels boost your home’s value, just like a new kitchen, bathroom, or remodel.

Benefit from
tax incentives

Many governments encourage investment in solar energy by offering tax incentives.

Solar economics

Key advantages

With the sun as an abundant energy source, solar offers a clean and dependable energy solution. Let’s explore together the key advantages of solar energy for homeowners.

Lower
electricity bills

As soon as your solar panels are installed and your system is turned on, you start generating electricity from the sun. This means you buy less electricity from your utility company, which in turn lowers your electricity bill.

Securing
your power supply

Imagine having uninterrupted electricity, even when the grid faces disruptions. With your self-generated solar energy, and the addition of battery storage, you can secure a consistent power source, no matter the weather or the hour.

Contributing
to a greener world

Every watt your home's solar panels produce decreases your reliance on energy from polluting fossil fuels. Installing solar panels won't single-handedly solve the problem, but it's a meaningful step you can take today to support a larger cause and to adopt a more sustainable lifestyle. Zero effort required.

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Finance options

Did you know that almost 80% of people that switch to solar energy do so with their own capital? This is where local incentives can help. Financing options are available to fit any budget, including tax incentives, solar loans, leases, or power purchase agreements (often called PPAs).

Tax incentives

Getting solar panels for your home is becoming more affordable, thanks to various governmental tax incentives.

Solar loans

While paying for your solar panels up front is great for saving and quick energy bill reductions, it might not be possible for everyone. That's why some homeowners choose to get a loan to help pay for their solar panels.

Leases and PPA

Homeowners can lease solar panels or enter into a Power Purchase Agreement (PPA), where you pay for the electricity generated by the solar panels

Finance FAQs

What's the average payback time for a home solar panel installation?

The average payback period for a solar panel installation can vary based on factors such as location, system size, energy consumption, panel technology and available incentives. On average, payback periods range from 5 to 10 years. This means that after this period, the cumulative savings on energy bills typically offset the initial investment.

How much can I expect to save on my energy bills after installing solar panels?

The amount you can save on energy bills depends on your energy consumption, the number of solar panels you have, and local electricity rates. On average, homeowners can save anywhere from 20% to 70% on their electricity bills with solar panels.

What financing options are available for solar panel installations?

There are several financing options for solar installations, including solar loans, solar leases, and Power Purchase Agreements (PPAs).

Are there any government incentives or tax breaks available for installing solar panels?

Many governments offer incentives, tax credits, and rebates to promote solar energy adoption. These incentives can significantly reduce the upfront cost of installation. Common incentives include tax credits, rebates, and net metering programs.

Do solar panels add value to my house when I sell it?

Studies have shown that homes with solar panels tend to have higher re-sale values compared to non-solar homes. The exact increase in value varies, but it's generally observed that solar-equipped homes have an edge due to the potential for lower energy costs and environmental benefits.

Connect with your local Maxeon Partner installer

Take the worry out of your solar decision

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