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While the upfront costs may seem daunting, there are several financing options available to ease the financial burden. Many homeowners opt for solar loans, which allow them to spread the cost of the system over several years while still benefiting from immediate energy savings. Additionally, various government incentives and rebates can significantly reduce the overall cost. For instance, the Federal Investment Tax Credit (ITC) allows homeowners to deduct a percentage of the installation costs from their federal taxes, translating to substantial savings.
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3. Repair Despite their durability, solar panels can experience wear and tear. Weather conditions, falling branches, or improper installation can lead to damage. Solar panel service providers offer repair services that can restore the efficiency and effectiveness of the system, ensuring that energy production is not compromised.
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