Understanding the Total Cost of Solar Installation

Cost of Solar Installation

The electric bill is one of the most hated bills for all Americans. It’s hard to know how much you’ll pay each month since it fluctuates so much. But no matter what you do, you still end up paying an arm and a leg.

That’s why most homeowners are switching to residential solar power. It’s a better alternative to standard electricity because it can save you money in the long run and it’s better for the environment.

Are you interested? If so, then continue reading to learn more about the cost of solar installation.

How Much Do Solar Panels Cost?

The first thing anyone looking to switch to solar power wants to know is the cost of installation. Since home solar panels aren’t a one-size-fits-all, prices will vary depending on:

  • The size of your house
  • Your home’s electrical capacity
  • The number of solar panels you want
  • Who you’ve chosen to install your solar panels

On average, the typical cost of solar installation can be anywhere between $15,000 and $25,000. However, prices can be offset by state and federal tax incentives.

What Size System Does My Home Need?

The majority of solar panel systems have a modular design, making them capable of adjusting to the size of any project. However, it’s important that your system isn’t undersized or oversized.

An undersized solar panel system will have lower installation costs. But the cost per watt may increase, leading to a longer payback period.

Oversized systems can lead to a waste of electrical capacity. The electricity that isn’t used gets sent to the grid and can cut some dollars off your bill. However, some power companies use net metering to curb the savings you can obtain.

So as you’re searching for solar panel installers, consider your home’s electrical capacity and local net metering rules to find the optimal system for you.

Should I Install Solar Panels?

Of course, you should install solar panels! Who doesn’t want electricity bill savings?

The current electricity that we use in our homes is a non-renewable energy source. That means the energy provided isn’t created naturally. Other non-renewable energy sources include:

  • Gas 
  • Coal
  • Oil

With solar energy, you’ll always have access to a renewable energy source that provides clean energy for your family. Also, solar panel systems require little maintenance once they’re installed.

So there’s no more contacting your local electrical company to help you solve any problems. If you still aren’t convinced, you can look at more advantages and disadvantages of solar power at https://blueravensolar.com/blog/why-go-solar-advantages-and-disadvantages-of-solar/.

Now You Know About the Cost of Solar Installation

As you can see, the cost of solar installation will depend on a few factors. However, once you make the switch to solar power, you’ll start saving money and help the environment too. It’s a win-win.

If you’re interested in solar energy or other renewable energy sources, explore our blog!

Author: IzzyWeb