Are Solar Panels Expensive

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Are solar panels expensive.

This shock is compounded when consumers hear that residential systems are much cheaper in. While the most expensive part of going solar is paying for the equipment it still only represents 25 percent of the overall expense. The cost of solar panels to power your house are 4 to 10 per square foot. Installation for the average 5kw system ranges from 11 100 22 400.

Here are six steps to take to determine whether you ll save more than you spend on solar panels. Review your electric bill. Many homeowners looked at solar when it was more expensive are not aware of how price reductions in recent years have improved the return on investment from solar however even with residential solar prices now averaging just 3 12 per watt many still are shocked by how expensive solar power systems are. No two solar power systems are the same.

Below are cost estimates based on home size. The average cost of installed residential solar power systems is currently 2 64 per watt. Solar panel cost is affected by many factors such as the state you live in solar panel brand and total system size. Explore solar panel installation services.

However most installers estimate solar costs by the amount of energy needed at 2 53 to 3 15 per watt before any tax credits or incentives. A typical 6kw system costs 11 722 after claiming the 26 solar tax credit. Solar panels generate their own power and can therefore greatly offset your monthly electricity bill if not.