Are Solar Panels Expensive

The cost of solar panels to power your house are 4 to 10 per square foot.

Are solar panels expensive.

Understanding the cost of a solar panel system. Solar panels generate their own power and can therefore greatly offset your monthly electricity bill if not. The average cost of installed residential solar power systems is currently 2 64 per watt. This shock is compounded when consumers hear that residential systems are much cheaper in.

Installation for the average 5kw system ranges from 11 100 22 400. Evaluate your sunlight exposure. Here are six steps to take to determine whether you ll save more than you spend on solar panels. Solar panel cost is affected by many factors such as the state you live in solar panel brand and total system size.

While the most expensive part of going solar is paying for the equipment it still only represents 25 percent of the overall expense. No two solar power systems are the same. They are custom based on the home roof type shading and utility. 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.

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. Review your electric bill. Soft costs or the outlays that installers spend just trying to find you and appeal to you also contribute a significant percentage.