Solar energy has become much more of a dominant force in the past two decades. Homeowner adoption of this technology has increased and increased over time. There are many benefits to solar adoption, which explains why so many homeowners have made the switch.
If you’re considering making a similar move yourself, you may be curious about the cost of solar panels. There are a lot of factors that go into the total cost of a solar panel setup, and you’ll want to understand what the average price might be as well as your various options.
Ready to dive in? Read on and we’ll walk you through everything that you need to know.
Factors That Determine Cost
Not every homeowner will face the same cost when getting their solar panels installed, which is why it can be a bit more complicated to answer that simple question than it might seem at first.
Of course, the cost of solar panels will depend on just how much energy you’re trying to harvest. The higher your energy goals are, the more panels you’ll need to install. As you can imagine, the more panels, the higher the cost.
How much sunlight does your home get? This will also play a big part in how much you’ll need to spend on installation. If your home gets an abundance of sunlight throughout the day, then you might not need as many panels.
However, if your window of sunlight is smaller, you might need more panels in order to bring in the amount of energy that you need.
On average, a single solar panel costs somewhere just south of $200. It does depend on what brand and variety you purchase.
Other Factors To Consider
Outside of the standard factors, there are other elements that can contribute to the final cost of getting a solar power system installed at one’s home. Many are listed at https://blueravensolar.com/north-carolina/raleigh/.
One that is worth looking in for most is the opportunity for tax rebates. The federal government has a program that can help solar adopters take this money off their taxes later on. Many state and city governments have similar programs in place that can help to make this initial investment easier to stomach.
Of course, one needs to look at the cost of installing solar as an investment and not a straight-out purchase. Those who switch to solar can make big savings on their energy bill from month to month.
As the years go by, these savings can more than cover the initial cost of installing solar. One should certainly look into the long-term benefits for their home when deciding whether or not the price of installation is worth it to them.
Understanding the Cost of Solar Panels
If you’re thinking of making a switch to solar, you’re likely concerned about what the cost of solar panels and their installation might be. The above information can help you understand what factors might lead to your eventual bottom line.
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