Residential Solar Prices to be Lowest of the Decade in 2015

Ecomark Solar
October 23, 2015
3:17 pm

For the last few years, residential solar prices have been falling.

If you’re wondering when is the best time to invest in solar, the answer is ”right now.” The cost of solar panels is currently at a record low, but it might not stay that way for long. Read on to find out why you may need to act quickly to take advantage of the record low residential solar prices.

The Effect of Tax Credits on Residential Solar Prices

The investment tax credit that is fueling the solar industry is set to expire at the end of 2016, which could lead to rising prices after that date. That means we may be in the midst of the lowest residential solar prices of the decade. Once the tax credit expires, solar system prices will rise as solar installers find it more difficult to make a profit.

Solar Boom to Continue in 2016

Don’t worry; it’s not too late to take advantage of low solar prices. The tax credit is due to expire at the end of 2016, so the boom is expected to continue until then. In fact, Greentech Media predicts that the U.S. solar market will experience a massive growth of 55 percent in 2016. That’s double the growth rate predicted for 2015. The United States now has enough solar power capacity to supply more than 4.3 million homes, according to a recent report.

Residential Solar Prices Will Rise Again, So Act Quickly

Although the growth of the solar industry is expected to continue until the end of 2016, don’t assume that prices will stay low throughout that time. With so many homeowners rushing to take advantage of the benefits of solar power before the tax credit expires, solar installers could reach a point where they need to raise prices to deal with the increased demand. Beat the rush by acting now on your decision to install a solar system for your home.

Don’t Delay on Ordering Your Solar System

To ensure that you get the best price for your solar system, act quickly. Contact EcoMark Solar today to find out more about solar panels or request a free consultation.

Most hail storms aren’t usually severe enough to significantly damage solar panels.

Solar panels were designed to be outside and stand up to the elements. That being said, when hail hits a home hard enough your solar panels may have cracked glass, which could affect their production, and your mechanical components may be dented or damaged. Many other aspects of the home could be damaged and should be evaluated for an insurance claim.

If significant hail hits your home, EcoMark Solar needs to be contacted right away.

We will come out so that we can inspect your solar panels and your roof. In the hours and days following a hail storm many roofing companies will start knocking on your door and offering you a free estimate, however, these roofing companies are not qualified to evaluate your solar system.

Conversely, EcoMark Solar can evaluate the solar system and the state of your roof and the rest of the items that are typically included in a hail claim. EcoMark Solar has established an in-house roofing department specifically dedicated to processing your insurance claims and servicing your restoration needs including roofing, gutters, and siding.

Even if your panels are not damaged, EcoMark Solar can act as the general contractor for your entire insurance claim and get all the work done by a company you already know and trust.

You can submit a claim with us by:

Clicking right here: Insurance Claim Form at EcoMark Solar

Calling us at: 720-432-6411.

Or you can contact your sales consultant

Even if your panels were not installed by EcoMark Solar, please contact us, we can perform service and repair on most solar installations.

If you are considering solar, know that normally, there is minimal impact to insurance premiums when adding solar to your home. Once solar is installed, EcoMark Solar will be there for you when hail hits for the life of the panels.