Benefits of Solar Energy
Solar energy offers multiple perks. Here are some highlights.
- Better energy independence: Photovoltaic systems with energy storage function through power outages and emergencies, and you won't have to depend on your power company for your safety and well-being.
- Lowered energy bills: You can dodge the added cost of grid-tied power by producing some electricity at home.
- Reduced carbon footprint: Adopting solar is a surefire way to decrease your carbon footprint and home fossil fuel dependency.
What Solar Incentives Are Available to Salina Homeowners?
The state of Kansas offers a number of solar incentives to help minimize your solar system costs. Here's a breakdown of relevant solar programs where you live.
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 Salina
The cost and efficacy of solar panels often hinge on the solar company that installed them. Make your choice based on the following vital factors.
Licensing and Training
In Kansas, the state government hasn't implemented centralized solar contracting licenses, though some cities issue and require their own licenses for projects within their borders. You should also visit a company's website to learn about its private certifications. Two of the most respected are the Solar Heating Installer and PV Installation Professional certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Salina
The type of solar panels you purchase decides how much power you can generate. Monocrystalline panels give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't the best for large residential installations, but they are excellent accessories for non-traditional roofs.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total project price, but they can boost your solar system's efficiency. Not every solar contractor includes these additional features, so look for a contractor that sells them if it's important for you.
Generally speaking, it will cost about $16,700 for a five-kilowatt solar array in Salina. This table shows more specific prices for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Salina
Choosing the right financing plan will impact your overall solar system cost and expected savings. Common payment options include power purchase agreements, leases, loans, and cash payments. We recommend paying with cash or using a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar incentives to minimize your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still benefiting from energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate determined by the energy you use, like an electric bill. We generally don’t recommend these two options because you won't own the panels and are disqualified from using solar incentives. Ask each installer you're considering about the payment plans it offers. A salesperson can help you determine the optimal option for your pocketbook.
The table below lists the average payback periods for different capacities of solar systems in Salina.
The IRS allows you to claim a 26% federal tax credit on the full cost of the solar system, so long as you purchase it before 2032. City and state governments and utilities might also offer their own rebates, financing programs, and incentives that could save you more money.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Salina
How much energy and money could I save per year by switching to solar?
How prevalent is solar energy in Salina?
Should I expect a boost in my property value after installing solar panels?
Is installing solar panels a quick job?
How do I care for my new solar system?
What is the average payback period for Salina solar panels?
What is "net metering," and how does it work?
What's the difference between a PPA and a solar lease?
You don't own the panels with either option, though you can choose to "buy out" of the contract for a fee.
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