Are Solar Panels Expensive

Here are six steps to take to determine whether you ll save more than you spend on solar panels.

Are solar panels expensive.

Solar panels generate their own power and can therefore greatly offset your monthly electricity bill if not. 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. The average cost of installed residential solar power systems is currently 2 64 per watt. Installation for the average 5kw system ranges from 11 100 22 400.

Explore solar panel installation services. Understanding the cost of a solar panel system. The cost of solar panels to power your house are 4 to 10 per square foot. While the most expensive part of going solar is paying for the equipment it still only represents 25 percent of the overall expense.

Soft costs or the outlays that installers spend just trying to find you and appeal to you also contribute a significant percentage. No two solar power systems are the same. They are custom based on the home roof type shading and utility. Below are cost estimates based on home size.

Review your electric bill. 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.