What Determines the Price of a Home Solar Panel Installation?

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 installation?

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 installment plans, buying big solar panels won’t cost you an arm and a leg.

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.

Solar panels are becoming more accessible, for homeowners and businesses

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.

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, and the location also affects the prices. So, when you are choosing the brand for the installation project, you need to be careful and consider all the factors and aspects.

Clean Energy

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.

About Salman Zafar

Salman Zafar is the CEO of BioEnergy Consult, and an international consultant, advisor and trainer with expertise in waste management, biomass energy, waste-to-energy, environment protection and resource conservation. His geographical areas of focus include Asia, Africa and the Middle East. Salman has successfully accomplished a wide range of projects in the areas of biogas technology, biomass energy, waste-to-energy, recycling and waste management. Salman has participated in numerous national and international conferences all over the world. He is a prolific environmental journalist, and has authored more than 300 articles in reputed journals, magazines and websites. In addition, he is proactively engaged in creating mass awareness on renewable energy, waste management and environmental sustainability through his blogs and portals. Salman can be reached at salman@bioenergyconsult.com or salman@cleantechloops.com.
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One Response to What Determines the Price of a Home Solar Panel Installation?

  1. Pingback: Home Renovation Can Improve Energy Efficiency | BioEnergy Consult

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