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Cost Of Solar Panel

Jul 13

On average, solar panels cost $16,000. This is between $3,500 and $35,000 depending on which type or model you choose. Solar panels New Haven can save you money on energy, but it is important to understand the total cost of a startup solar panel so that you can budget.

The average cost of solar panels

Average Price $16,000
Lowest Cost $3,500
Highest Cost $35,000

 

Cost of solar panels based on the type

Monocrystalline Solar Panels

Monocrystalline solar panels, which are the most efficient option, cost $1.50 to $1.50 per watt. This means that a 6-kW solar panel system, also known as a solar system, will set you back between $6,000 to $9,000.

Polycrystalline Solar Panels

Polycrystalline solar panels are less efficient than monocrystalline panels. They cost $0.90 to $0 per watt. This means that a 6-kW system of solar panels would be more affordable at $5400 to $6,000.

Thin-Film Solar Panels

Thin-film solar panels are priced between $1.50 and $1.50 per watt. This means that a 6-kW system of solar panels will cost between $6,000 to $9,000. Thin-film panels are less expensive than other types, but they require large amounts of space. They are therefore primarily used for industrial purposes.

Solar Panel Installation Costs

The cost of installing solar panels ranges from $15,000 to $25,000. The price of solar power will vary depending on where you live. It is more expensive in areas farther from the Equator like Alaska. Solar power costs less in sun-drenched areas and the number of panels required.

How to Install Solar Panels

Contrary to popular belief winter is the best time to put solar panels up. The installation will cost less because there is less demand for the service in winter. Even if it is cloudy or cold, solar panels can still generate energy. In some cases, they will even produce more energy than in warmer months.

It is cost-effective and efficient to install solar panels in winter. Solar companies are less busy during the off-season so your panels will be up and running faster.

What Are the Solar Panels' Savings?

Although solar panels are expensive upfront, they will save you money over the long term. How much solar panels can save you depends on many factors. These include the amount of direct sunlight that your panels receive, the angle of your roof, and the size of the solar panel system. Your local electricity rates are the most important factor in determining how many solar panels can save you.

To determine how much money solar panels can save you each year, first, calculate how much electricity you use annually. The average American family spends $1450 per year on electricity. Next, calculate your current utility rate. Keep in mind that utility charges tend to rise 2.2% each year, which is yet another reason to have solar panels installed.

To calculate your annual savings, use an online calculator. Simply enter your location and energy consumption information.

Solar panels are often thought to eliminate your electricity bills. Although this may be true, solar panels can significantly lower your monthly electricity bills and are well worth the investment.

Bottom line

Solar panels can make a significant difference in your ability to save money on electricity, carbon emissions, or both. In the end, the primary factor that will determine how much money you can save with a solar panel system is the cost of electricity. This can vary based on where you live.

A solar panel can save you a lot of money if you live in an area with high utility rates. As long as you do the installation properly, solar panels are usually worth the investment.

 

 

Smart Solar New Haven

New Haven, AZ

(475) 278 9244