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How Much Does It Cost to Get Solar Panels for Your Home?

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How much does it cost to get solar panels?

As an American homeowner, this question is at the top of your head when considering home solar panels. While it can save a lot of money from monthly electricity bills, the potential upfront cost can be intimidating.

Read on as we discuss the average solar panel prices. We will also list some factors affecting the final cost:

How Much Does It Cost to Get Solar Panels?

The average residential solar panels system will cost between $15,000 and $25,000. It depends on the size, with a 10 kW installation costing around $20,000 after the tax credit.

Single solar panels could range from $200 to $250. It depends on whether it’s monocrystalline or polycrystalline. Also, its power, efficiency rating, and quality affect its price tag.

Factors Affecting the Price of Solar Panels

Now you know the average price, let’s tackle the factors impacting its price. After all, solar installations are unique. The final price depends on your specific situation.

Solar Panel System Size

As mentioned above, the size of your desired system plays a primary part in determining the final cost. The concept is simple since a massive system with more panels costs more.

However, a more massive solar power system has a lower average cost per watt. It’s similar to buying products in bulk.

The best part about opting for larger systems is the long-term benefits. If you have a 10 kW solar system, it might cover your entire electricity demand. It costs more upfront, but you’re cutting a significant expense every month.

Equipment

Solar panels have various brands, meaning their quality will also differ. Your chosen brand will affect the final installation cost. It’s all about compromising between price, efficiency, appearance, and warranties.

Any solar panel installation will have an inverter. Despite its subtlety as a component, it will affect your costs. Weigh its pros and cons to determine whether the additional expense is worth your time.

Roof

Your home and roof will determine how expensive the solar panel system becomes. If you have a south-facing roof sloping at 30 degrees, installing solar is less bothersome. Your chosen company can install the entire system on a single roof plane.

At the same time, this roof orientation is also more optimal for sun exposure. It lowers the number of necessary solar panels, making your system cheaper.

Meanwhile, if your roof has levels, dormers, or skylights, your installers must exert more effort.

Location

Solar installation costs will depend on your state. The good news is the variation isn’t as widespread.

If you want an example, have a look and discover an Arizonian solar panel system’s costs.

Get the Best Solar Panels Now

We hope our guide answered your question, “how much does it cost to get solar panels?” Use the factors above to determine whether installing solar panels is worth your time.

However, your choice of solar panel installer will determine its quality. Look for a reputable local company to make the most out of your investment.

Is this guide helpful? If so, explore our other articles and learn more valuable tips and tips today.

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