The Average Cost of Solar Panels

Before committing to getting a solar panel system, it's important to keep in mind that the cost can vary significantly based on the state /country you live in, as well as other factors. Find out more about the other elements that will influence your solar panel costs.

Solar panels have been a hot topic of conversation in the green energy space for years. This isn't just because they are better for the environment than traditional energy sources, but also because they can save a significant amount of money in utility costs. However, determining the cost of solar panels and how big your returns will be can be complicated. Find out how you can get a better idea of your solar panel costs.

What Is the Average Cost of Solar Panels?

While solar panels can reduce your overall spending on energy during your lifetime, there are some major upfront costs to consider. The average cost of installing solar panels is $3.05 per watt, according to solar comparison-shopping marketplace EnergySage. With the average system size tallying in at 6 kilowatts, this means that the average solar panel system cost in the U.S. is around $12,810 after tax credits are applied. (Contact GloverFour for a much more to your Location and needs adapted quotation.)

The cost of panels only continues to fall as the technology becomes more advanced and cheaper to produce. Additionally, in several countries there are solar tax credits that help to reduce the total cost. This makes the solar panels much more affordable than they have ever been before.

System Size and Quality

The most obvious factor that impacts the cost of solar panels is the size of the system you purchase. Generally speaking, the larger the solar panel array, the more costly it will be. However, this doesn't always translate to increased energy savings. The quality of the solar panels you purchase as well as the type of hardware and accessory equipment you use can boost performance. Optimizing the efficiency of your solar panel system will depend on a variety of factors, including how much energy you use, the build of your roof, the local weather conditions, and more.

Home Type

The build of your roof will influence the cost of the solar panels themselves, as well as how complex the installation process will be. If your roof is small, it may not be able to accommodate larger solar panel arrays, which will cost more. An optimal roof for housing solar panels has an average pitch that isn't too steep or too shallow and is also oriented to face south or west. While solar panels can be installed on less-than-ideal roofs, it will decrease the efficiency of the system overall and lower your energy savings overall. Multi-tiered or oddly shaped roofs will drive up costs by making the installation process more complicated.

Location

While solar panel costs are relatively affordable everywhere, your location will influence a number of factors that contribute to the overall cost and efficiency of your system. The average cost per watt will vary across the country, though typically prices vary within the 50-cent range. The climate of your area can also influence the kind of equipment needed to optimize your solar panels, as well as the returns you will receive on your investment overall. Additionally, each state has different taxes and other incentives around solar panel installation to take into consideration.

If you are interested contact Gloverfour and we will do a free complete proposal for your situation.