People are leaning toward installing solar panels to have a “green” source of energy that would eventually cost them nothing. However, the price point is one of the major concerns that worry homeowners. People feel more inclined to check the price tag on solar panels to decide whether they are going to go for them or not. Just like any renewable source of energy, the initial cost may sound very expensive, however, afterwards, the fuel price comes down to zero. The average cost swings between $15k and $25k, this gap in the range of prices depend mainly on the solar panel size.
But other than the size of solar panels, what other factors affect the price of home solar panel installation?
1. The Size Of Solar Panels
The cost of solar panels is calculated by dollar per watt depending on how much electricity you need to generate. A bigger system requires more work to install and that’s how the size affects the cost of installing solar panels. 2kW would averagely cost around $4k, while solar panels that would generate 25 kW costs $53k.
Crunching the numbers, it does sound that solar panel cost a lot more than average electricity bills paid per month, thanks to low-interest solar installment plans, buying big solar panels won’t cost you an arm and a leg.
2. Variation Of Price Between States
Solar panel prices may seem like they’re all the same across all states, however, you can use the same exact solar panels at two different states and you will get different costs. The reason behind these variations depends on the cost of electricity in every state. Let’s take Washington, for example, the cost of 6kw generated from a solar panel will cost around $9k, while the same in New York will cost $12k.
The prices definitely seem costly, however, if one thought about the overall cost of electricity from solar energy and normal sources, solar is definitely cheaper.
3. The Quality
Prices differ according to the manufacturer brand; prices can range from $13k up to $17k. The local Sandbar Solar not only provides high-quality panels, complex commercial and residential setups, but also cares about the community by sponsoring many events with their eco-friendly Solar Trailer.
Other than the panel brand you are going to choose, other factors must be kept in mind; the experience of the installer, racking equipment, cost of electricity by state and the location also affects the prices. So, when you are choosing the brand for the solar panel installation project, you need to be careful and consider all the factors and aspects.
Choosing a renewable source of energy is the best thing one can do these days. The greenhouse effect that is caused by coal, petroleum, and gas will put an end to the earth at some point. It’s our responsibility to go “green” to save the Earth for a better world.
Other than that, even if you don’t care about the environment, a clean source of energy that depends on wind or the sun, would definitely cost you a big amount at the beginning, but in the long run, they are cheaper sources of electricity.