Getting A Solar Panel System

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Getting a solar panel system. Integrated hardware and simple design achieve this by securing the panels close to your roof and to each other for a minimal aesthetic. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Getting started with solar system sizing. The average cost of a solar panel system for a home in may 2020 is 3 18 per watt making an average 7 kw installed residential solar power system 22 260 before the 26 federal solar tax credit and 16 472 once the tax credit is applied.

Buying a home solar power system can be a very exciting experience but don t get too carried away by advertising. An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. There are several possible scenarios. For example if you live in new mexico you average six peak sunlight hours per day.

Daily kwh average sun hours x 1 15 efficiency factor dc solar system size. Our solar panels are low profile and durable quietly converting sunlight to energy for decades to come. As of 2019 the typical solar panel system costs 12 810 after tax credits. The cost has generally been following swanson s law which states that the price of solar drops by 20 for every doubling of shipped product.

If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. Back in 1977 the price of solar photovoltaic cells was 77 for just one watt of power. Not all states offer tax credits to homeowners for installing solar panels. The tax break reduces the.

The price of solar has dropped by an incredible amount. Today it s around 0 13 per watt or about 600 times less. Check to see if your state offers tax and non tax incentives including rebate loan and grant programs. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.

Then divide the kw output by your panel s efficiency to get the estimated number of solar panels you ll need for your system.