More and more homeowners in the United States are choosing to make the switch to solar energy. The benefits of switching to solar are many, not least with the potential to save thousands of dollars in electricity bills over the lifespan of the solar panel system. Households with solar panels are also protected from energy price increases, support the environment with this clean energy form, and boost their property’s value.
If you are considering switching to solar, the first question is likely to be “How much do residential solar panels cost?” While the answer is dependent on a range of different factors, in this blog post we will outline the average cost of residential solar panels.
While the answer is dependent on a range of different factors, in this blog post we will outline the average cost of residential solar panels.
Before we go any further, it’s worth pointing out that the price of solar panels is 70% lower than 10 years ago, highlighting the fact that now is a great time to choose solar.
What Is the Average Cost to Install Solar Panels?
Taking the United States as a whole and factoring in solar tax credits, the average cost of an average-sized house is between $11,144 to $14,696. These figures are for a 6-kW system, which is around the average size that homeowners can install on their property’s roof.
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What Factors Determine Solar Panel Installation Cost?
While we have given you an average price, the reality is that there are a number of factors that determine the exact cost of solar panels. For one, the size of the solar system may be bigger or smaller than 6-kW, depending on your budget and energy needs.
Another important factor that needs to be considered is your property’s location. Certain parts of the country receive greater levels of sunlight than others. States like California, for example, are leading the way with solar energy, partly thanks to its sunny climate.
A third factor is the particular solar panel system equipment type and manufacturer, which will also play a role in determining the exact price of your solar panel system.
Benefits of Residential Solar Panels
Let’s quickly take a look at some of the main benefits of solar panels for residential properties. With solar energy, households can save thousands of dollars over the 25-year (approximate) lifespan of a solar panel system. Thanks to net metering, there is also to potential to earn money by selling excess electricity to the grid.
For many, a key decision to switch to solar energy is down to environmental concerns. Solar energy is clean, renewable, and abundant, in comparison to types of renewable energy such as oil and coal. Solar panels help to reduce an individual’s carbon footprint.
How Much Do Residential Solar Panels Cost?
Solar power is the energy of the future and now is a great time to make the switch with residential solar panels. The true cost of solar panels is determined by a range of factors, though the reality is that solar panels have never before been as affordable as now.
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