Benefits of Solar Energy
Solar energy comes with multiple perks. Here are some highlights.
- Lowered energy bills: You can avoid the premium cost of grid-tied power by producing some electricity right where you use it.
- Better energy independence: Adding a solar battery lets you have trustworthy energy during grid outages and storms.
- Reduced carbon footprint: Using clean solar power reduces your dependence on conventional, less environmentally-friendly sources.
What Solar Incentives Are Available to Olathe Homeowners?
Kansas homeowners who choose solar could qualify for rebates, special financing, tax credits and reimbursements. Here are just a few of the local incentive programs.
Incentive Type: Property Tax IncentiveWebsite: in.gov
Solar energy systems used for heating or cooling: out-of-pocket expenditures by the owner for the components and labor
Wind, hydroelectric, geothermal, solar thermal, solar PV, and other solar energy systems: the assessed value of the system
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Olathe
The price and performance of solar panels often depend on which company installed them. Make your choice based on the following key factors.
Licensing and Training
In Kansas, the state government hasn't implemented centralized solar contracting licenses, though some counties issue and require their own licenses for projects within their borders. Solar providers can also obtain certificates from trade groups and standards organizations. The most respected ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Olathe
The type of solar panels you select determines how much electricity you can generate. Monocrystalline panels cost more but give you the best performance. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.
Additional accessories, such as battery storage and electric vehicle (EV) chargers, will raise your overall costs. However, they might make your solar system more efficient and convenient to use. Not every solar company includes these additional features, so look for a provider that installs them if it's crucial for you.
If you're a resident of Olathe and want a five-kilowatt solar energy system, you could expect to pay about $16,700 for parts and installation. See more information on specific component and panel costs in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Olathe
Solar providers use multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are power purchase agreements (PPAs), solar loans, solar leases and cash payments. Most solar experts recommend a cash payment or using a solar loan. Cash payments demand a large up-front sum, but they save you from paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Much like a home or car loan, you'll pay a set monthly rate with as little as $0 down. Solar leases allow you to rent your panels for a fixed monthly rate, while PPAs let you pay just for the energy you use, akin to an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We advise working with a contractor that offers multiple financing options. Speak with each agent about what's available, and get more than one estimate for the best odds of keeping within your financial plan.
The table below lists the average payback periods for different capacities of solar systems in Olathe.
The IRS allows you to claim a 26% federal tax credit on total system costs, so long as you purchase it before 2032. Municipal authorities and utilities might also offer their own rebates, incentives, and financing programs that could save you more money.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Olathe
How much energy and money could I save per year by switching to solar?
How popular is solar energy in Olathe?
Will solar energy systems increase my Olathe home price?
How can I determine my home's solar potential?
How long does the photovoltaic installation process last?
What care do my solar panels need, and how often do they need it?
How can I boost my solar array's performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
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