What Is the Average Cost of Solar Panels?
Did you know there are now enough solar panels to power 18.9 million American homes? As more people discover the benefits that come with solar energy we can only expect this number to increase.
However, many people are still hesitant about solar due to its costs. So, what is the usual cost of solar panels? And what factors influence that price? If you want to learn the answer to these questions, then you’re in the right place.
In this article, we’ll teach you everything that you need to know about the cost of solar panels.
What is the Cost of Solar Panels?
Typically it costs between $9,000 and $28,000 to install solar panels, with the average price landing around $18,000. Another way to look at it is $3 per watt of energy in your home.
So, why is there such a huge gap between these two figures? It’s because a lot of conditions can influence the cost. Let’s take a look at some of them.
What Factors Influence the Cost?
The most obvious cost factor for solar panels is the size of your system. The more panels you install, the pricier it’s going to be. However, this isn’t the only determining factor. The amount of energy that your home uses is another factor you should consider. Under the new ECO4, solar panel grants are available to households across the UK in 2023. Read the Warma UK guide to know how to qualify for a solar panel grant.
You should also factor in the size of your roof and the amount of sun that it receives. A roof that’s in a clear open area will benefit from solar a lot more than one that’s covered by trees.
You also need to consider where you live. If you live in major metropolitan areas, then the cost of both labor and panels will be more expensive. Often, you can also get a rebate or tax credit which will make the system more affordable.
How Do You Find a Supplier?
The right type of solar provider can make or break your home. As such, it’s important to find one that you know you can trust. We recommend first asking around your network. Odds are that your family or friends have someone they can suggest.
If your network isn’t any help, then a local internet search should do the trick.
Just make sure that you go with one that has lots of positive reviews, like Blue Raven Solar. This is a good indication that the average customer experience has been positive.
Want More Content? Keep Reading
We hope this article helped you learn more about the cost of solar panels. As you can see solar panels are a fairly big investment. But, when you factor in all of the money you save on energy bills, it’s easy to see how they pay off.
So, if you think solar is the right move for you, then contact a local supplier today.
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