A better way to go solar is to reduce the inflated cost of it. But the first thing you need to know is why the cost of a system is so expensive in Florida up until 2020. The good news is prices have come down as a result of more efficient solar equipment and more competition.
The reason why a solar system has been so expensive is the additional expenses that don’t include the equipment and installation. These additional expenses are a minimum of $7000 and probably closer to $9000 for most solar companies. I know this may sound crazy but it’s true. I am going to break down the cost comparisons including the equipment and Installation.
The first example demonstrates how a typical solar company is structured and the second is “Your Solar Advocate” Free consulting service. “Your Solar Advocate” works for you by getting the best deal in the market from established professionally licensed installers without all the hassle of having to meet with many different companies to get a price.
Anyhow another way to go is buying direct from GoGreenSolar and get wholesale pricing and step by step guidance through the entire process of going solar. GoGrenSolar not only has great prices but they also provide superior customer service compared to most of the fly by night solar companies.
A Typical Companies’ Cost Breakdown
| Add-Ons To Every Solar Proposal | Cost of Add-Ons |
| The Cost of Salesperson | $3000 |
| Sales Manager | $1500 |
| Proposal Builders and Permitting Department | $1000 |
| Overhead: Rent, Auto Insurance, Vehicles, and Utilities | $1000 |
| Cost of Leads and Marketing | $1000 |
| Points for Low Interest 20 Year Loan Terms (Frequently Hidden Cost) | $2500 |
| Solar Panels, Inverter, Installation | $17,000 |
| Solar Company Profit | $5000 |
| Total | $32,000 |
“Your Solar Advocate” Eliminates The Following Costs
| Add-Ons To Every Solar Proposal | Cost of Add-Ons |
| The Cost of Salesperson | |
| Sales Manager | |
| Proposal Builders and Permitting Department | $1000 |
| Overhead: Rent, Auto Insurance, Vehicles, and Utilities | |
| Cost of Leads and Marketing | |
| Points for Low Interest 20 Year Loan Terms (Frequently Hidden Cost) | |
| Solar Panels, Inverter, Installation | $17,000 |
| Solar Company Profit | |
| Your Solar Advocate Target Price $2.75 a Watt Totals for 7K | $19,250 Minus Tax Credit Your Net Cost Is $14,245 |
Federal ITC Tax Credit Is 26% of The Total Cost for Qualified Buyers Above Example: $5005 Tax Credit for a 7K System, Net Total Cost $14,250
A Better Way To Go Solar Is To Pay Cash
As you can see in the above example when someone does 20 year low interest financing they are paying an average of $2500 in closing costs for that loan. Many solar companies that offer no money out of pocket is because they do long-term low-interest loans for a lower payment.
Unfortunately at the other end of a twenty-year 5% loan it ends up doubling the actual cost of a home solar system. So it is quite obvious paying cash is the better way to go solar.
Home Solar Has Evolved Into a Great Investment
At $2.75 a watt installed home solar is very profitable, based on producing $150 a month in power (Varies Depending On Location) with a 7K solar system. Net cost is $14,245 after tax credits and produces $45,000 in power over a 25 year period. That’s an awesome return on investment!
Be Sure To Check-Out US Solar Report
