Tips For Negotiating Cost with Solar Contractors
Congratulations! You've done your research and decided that solar paneling would be a good option for your home. After comparing at least three to four estimates, you have finally chosen a contractor. It's now time to sign the contract with your chosen solar installer and negotiate a price. Moreover, check out the installation guide of the solar company so that you may get an idea of their installation techniques.
Solar paneling is a worthwhile and expensive investment. No one should force you to do something you aren't comfortable doing.
It is possible to negotiate the cost of your home's solar installation. It is a good idea to get estimates from several contractors and then compare the prices to see if any of the higher-priced bids match or exceed yours. It is important to ensure that you are comparing bids accurately and taking into consideration key factors like equipment options.
These are the top tips to do and know when getting solar quotes to get the best price on solar panels.
1. Find out the average cost of solar panels in your region
It is crucial to find out the average cost of solar panel installation in your area. This figure will serve you as a benchmark for what you should be paying.
Our quote platform contains the most comprehensive collection of data on solar panel installation costs in the US. This site receives estimates from more than 350 solar companies and provides solar quotes to more than 350,000 homeowners each year.
2. Negotiating the Price
You may be familiar with price negotiation techniques as a business owner. Do not accept the first offer. Instead, make a counter-offer with a lower price. These price negotiation techniques will force the supplier to offer you an improved figure.
Before you accept an offer, make sure to ask your supplier about any additional costs. Suppliers may offer a lower price, but you might not be as stubborn.
Consider asking yourself questions about quality, value, delivery time, after-sales support, and other aspects.
You can make the asking price seem high to avoid appearing obvious by telling the supplier about your ongoing costs. You can also ask for additional information, such as consumables and repair costs.
Mention that your supplier is experiencing a decline in the market. To get a lower deal, tell your supplier if the price of the negotiation includes a feature that you don't require.
It all boils down to your bargaining ability. You can get the best deal by using your bargaining skills. Ask your equipment supplier for bulk discounts if you are a primary customer of their solar equipment supplier.
3. Look for reliable brands of solar panels
You need to be familiar with the main types of solar panels to ensure you get the best.
Tier 1 solar panels
Tier 1 panels are high-quality modules manufactured by established, large-scale manufacturers. Tier 1 panels are almost exclusively used in large-scale projects like solar farms.
Tier 2 and Tier 3 solar panel
Companies that make Tier 2 and 3 solar panels are often new and small and have no track record. If these brands are used, a large project may have difficulty raising financing. Moreover, check out the installation guide of the solar company so that you may get an idea of their installation techniques.
4. Review the solar equipment
You can check to see how other consumers rate the brands you are interested in.
Why? Because product specifications and marketing materials are only part of the story. You need to hear the real-world experiences of end-users to get the complete picture.
Because they reflect the customer's experience with the company’s latest model, the most recent reviews are often the most valuable.
5. Calculate your savings projections
Solar is a long-term investment that requires careful consideration. The most important factor is to calculate your financial savings before installing solar panels.
Our solar savings calculator allows you to quickly and easily calculate the monthly savings as well as the total savings over a lifetime. You can either use it for a quick estimate based on local cost data or go further and get live pricing from local contractors.
You will also find other useful information like how many solar panels are needed and monthly loan repayments if financing your solar panels.