You might think “How much do solar panels cost?” is the right question to ask, but it’s really not. Here’s why: The price of solar panels, as well as the amount of energy they produce, varies widely—and it depends on many variables. The more useful question for businesses is “How much upfront capital will my organization need to go solar?” The answer to that depends on how you decide to pay for your solar project. If you purchase the system outright, the amount of capital you’ll need may depend on how much you plan to finance and your lender’s requirements. But if you choose to lease a solar system or enter into a (PPA), you may be able to get solar with zero upfront. Ask about your options and explore them thoroughly with a solar financing expert to see which model is right for you.
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