Simple. Lifetime Solar. Pricing.
How much will my solar power system cost?
Solar Pricing Understood
The cost of installing solar depends on the size of system you need to offset your monthly electric bills. The first questions are always, how much are you currently paying per month and how much of your current electric bill do you want to offset with solar?
Most residential homeowners will make an investment in solar ranging between $15,000 to $30,000 to eliminate 100% of their electrical usage. Larger homes and those that use electricity to heat and cool their homes, use more electricity and have higher electric bills that require a larger solar investment, but their savings are also greater.
Solar Tax Credits
The U.S. federal government allows homeowners and businesses that install solar to claim a dollar-for-dollar credit off their income tax burden. The federal Investment Tax Credit (ITC) is based on the cost of the solar power system and equal to 30 percent of this amount for eligible properties. In certain situations, the costs associated with preparing the structure on which the solar will be placed can also qualify for the 30% tax credit, including repairs and replacements to the roof surface. Over 1.3 million homes in the U.S. now have solar because of the ITC.
Some states and electric utility companies provide additional credits, rebates or other incentives above and beyond the ITC. These further reduce the cost of your solar system and shorten your return on investment (ROI).
Our Lifetime Solar team will identify all tax credits, rebates and other incentives available that will allow our customers the fastest payback possible.
Solar Financing Options
Lifetime Solar has several dedicated lenders we work with on a daily basis. This means we do all the lending leg-work and there is no need for you to contact your personal bank unless you prefer to. Typically, our customers pay for their systems through a 100% loan that they secure through one of our lenders.
National Solar Incentives
USDA REAP Program
Investment Tax Credit (ITC)
Missouri — Empire Utility Credit
Iowa — State Tax Credit