Company: Solar Universe
Source: Fox Business
Installing solar panels is a top way to make a home more energy efficient and environmentally friendly, but setup and up-front costs can make the move unaffordable to many homeowners.
To make the change less cost prohibitive, states and companies are increasingly offering new financing arrangements.
According to the Solar Energy Industries Association, the U.S. residential solar market grew nearly 62% last year and isn’t expected to slow in 2013. The face of the solar panel owner has evolved: it’s no longer just early adopters or super-conscious environmentalists. Young homeowners and families are looking to install panel to help combat high energy prices.
“The price of energy continues to go up every year and is a big part of monthly budgets,” says Joe Bono, chief executive of home solar panel installer Solar Universe. “It’s crossing the pain threshold and a solar system is an easy way to go.