What is the Cost of a Solar Panel System for Your New Mexico Home?
Solar is just going to replace your monthly electricity bill. If you qualify to get solar, once it’s installed and turned on you start harvesting electricity from your solar panels instead of buying electricity from the utility company.
You don’t pay both. If you switch your cell phone service to another provider, you stop paying for service with the old company and only pay for service from the new company. With solar, this is all you are doing. You are saying goodbye to the giant “natural monopoly” and taking a large part of your everyday life into your own hands.
Solar is not crazy expensive like you might think. If it were, no one would be doing it! If you can afford your current electricity bill then you can afford solar, because it costs the same and most likely even less. If you end up paying more monthly than what you are paying now just give it a year or so because the price your utility company charges is likely going up!
And guess what? The federal government is going to try and help you go solar by offering a 26% tax credit. That could be the biggest discount you will ever get in your whole life! Just a couple things to remember here… You have to have enough tax liability to claim the credit and if you finance the system your monthly payment depends on how much of that tax credit amount you give to your lender.