How Much Do Solar Panels Cost? A Guide
Whether you are getting a large array, or a few small solar panels, knowing the cost of going solar is important. That way, you can adjust your utility budget accordingly.
This guide will give you an idea of solar panels¡¯ average costs and solar installation in general. This will help you go solar without breaking the bank.
The Price of Individual Solar Panels
The most accurate way to determine the cost of individual solar panels is to break it down into the price per watt of electricity produced.
Depending on what kind of solar panels you use, the tax credits available in your state, and the size of the panel, you can expect to pay between $0.70 to $1.50 per watt on average. These are the pre-installation costs of the panels.
The average solar panel produces about 250 watts depending on the make and model. You would rarely want to purchase individual solar panels, but calculating the cost per panel can give you a ball-park estimate of how much a total system will cost.
If you do some quick math, that means that each panel costs between $175 to $375 depending on how many kilowatt-hours it produces. Solar panels have a lifespan of anywhere between 14 to 35 years, with some lasting much longer.
The price of individual solar panels, factoring in installation costs, ends up being $2.50 to $3.50 per watt range. This means that the price per solar panel post-installation ends up coming out to $625 to $875 per panel on average.
Is Solar Right For Me?
Don¡¯t let the high per-panel costs of solar scare you away from making the solar switch. There are many tax credits available to lower the costs of installation.
You will also make your money back in the long run by selling excess electricity back to the grid. The first step in finding out if solar works for you is by calculating the total kilowatt-hours of electricity your home uses on average per day and year.
You can then use this to determine the number of panels your home will need to maintain its current electricity usage level.
In fact, it is better to give this information over to a professional solar installation company such as Blue Raven Solar and let them make the call for you during their estimation process.
A professional solar installation company will be able to tell you exactly what is feasible for your home and what makes the most sense. Many companies may offer you a great rate per-panel if you buy a whole array in bulk. Call one and find out!
Make The Solar Switch
With the effects of climate change being felt worldwide, going solar is essential to saving the planet and securing your energy independence. The price of solar panels has never been lower, so this is one of the most affordable times in history to go solar.
Go solar today. If not for your energy bills, then for the future of the next generation. For all of your other news and information, make sure to check out the rest of our site.