How much does a solar panel cost to install?
You have probably been considering of installing solar panels to your beautiful home, but are debating if the solar panel costs are actually worth it. You probably have heard in the past that solar energy can reduce the amount you pay for electricity, and that you will save along the way. You probably have heard in the past that solar energy costs are lowering and electricity is rising. Well the rumors are true, according to National Geographic the price of U.S. solar power has dropped a whopping 70 percent since 2009, even as panels get smarter. To give you an estimate the solar panel cost you would need to look at the price in dollars per watt, which is the same all across the board in the United States.
The Break DownIn 2017, the average cost per watt is between $2.87 and $3.85, and the and the average gross cost of solar panels before tax credits is $16,800. Using the U.S, average for system size at 5 kW (5000 watts), solar panel cost will range from $10,045 to $13,475 (after tax credits). This means the solar panel costs are lowering, about nine percent lower from last year to be exact. However, to really get in to the really solar panel cost breakdown and what the entire system will cost, it is very important to compare prices that are offering around your area and depending on the state you live in.
Remember the exposure of the sun is different in different states, therefore, the solar energy is much more productive in some areas than others. For example, states that are exposed to the sunlight all year such as Arizona, California, Colorado will produce much more energy. Opposed to the states that get cloudy often such as New York and Chicago. It is best for those that produce much more solar energy to lower the cost of solar panels. The more solar you produce the less it will cost you. At times states and local governments offer rebates and other tax initiatives that reduce the solar costs to install and operate. Google has made a great tool to check how much solar energy your home produces click here to see how much energy can your area produce.
Key tip to remember if you are installing solar panels for a larger home or business building the panels will cost you more, because you are going to need more material and labor needed to install. However, there will be tax credit and rebate for installing solar, check with your state and see how much you can get back. For more information and what plan fits your home best contact us via email ask@solarconnectionca.com or call us at (888)988-4693.
“The Sun is the only safe nuclear reactor, situated as it is some 93 million miles away”. Stephanie Mills
