How to Buy Wholesale Solar Panels

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A growing number of residential and commercial consumers are switching to solar energy. About $141 billion were invested in solar technology in 2018 — that's nearly 10 times more compared to 2005. The unlimited renewable energy generated by solar panels reduces the need for coal, oil and natural gas, protecting the environment. Whether you want to help your customers save money or lower their carbon footprint, wholesale solar panels are a smart investment.

TL;DR (Too Long; Didn't Read)

Wholesale solar panels typically cost less than individual units. Just make sure you choose a trusted manufacturer or supplier. Request and compare multiple quotes, check the manufacturer's background and make sure its products are up to date.

The Benefits of Solar Technology

Solar energy accounted for more than half of all new electric generating capacity in the first quarter of 2019. The cost of this technology has decreased by more than 70% over the last 10 years, making it accessible to households and businesses from all over the U.S. Big companies like Amazon, Wal-Mart, Ikea, Macy's, Apple and Costco Wholesale all rely on solar technology to power their stores and business premises. Wal-Mart, for example, was the largest commercial user of solar power in the U.S. in 2016.

Solar panels save you money in the long run. Additionally, it's unlimited, non-polluting and versatile, contributing to sustainable development. According to the Office of Energy Efficiency and Renewable Energy, going solar could save nearly $260 billion in global climate change damages and save more than 25,000 lives by reducing pollution. Residential and commercial users who switch to solar panels pay significantly less on their utility bills compared to those who still rely solely on electricity.

Perhaps one of the biggest advantages of embracing solar technology is that you can claim a federal tax credit of up to 30%. To put it simply, companies can deduct as much as 30% of the cost of installing solar panels from their federal taxes. Plus, they can roll over the remaining credits over the next few years if they don't have enough tax liability to claim the entire solar tax credit in one year. Note, though, that you must purchase — not lease — the solar system to receive the tax credit.

Shopping for Wholesale Solar Panels

Wholesale solar panels have a lower price tag than individual units. Therefore, it makes sense to buy these products in bulk. Depending on your preferences, you can purchase them from local or online suppliers. Wholesale Solar, for example, offers residential and commercial solar systems; the company works closely with the Home Loan Investment Bank and RocketLoans, making it easier for customers to obtain financing.

Other options are Princeton Solar, ECO Distributing and Silicon Solar. Or you can purchase from global suppliers, such as China Brands, Alibaba and Krannich Solar. Contact at least three or four vendors, request quotes and compare them side by side. The primary advantage of buying from local vs. national suppliers is that you may reach out to them more easily in case something goes wrong.

When placing your order, you will need to submit your company's name, tax ID number and address. Additional business licenses and permits may be required to sell these products to your customers.

Make an Informed Decision

There are a few things to keep in mind before buying wholesale solar panels. First of all, these products are not necessarily cheap, especially if you purchase them from anyone other than the manufacturer.

Another potential issue is that they might be outdated. Solar panels are designed to last for decades; if you purchase an outdated model, they may still work 20 years from now, but they might not be as efficient as the latest models. As with everything else, you get what you pay for.

Get as much information as possible prior to placing your order. Compare several models, check their technical characteristics and research the brand. Use the independent rating system provided by EnergySage to get a clear picture of the products you're interested in. Read customer reviews, check the manufacturer at the Better Business Bureau and make sure it’s legally compliant.