The Cost of Solar

The cost of your system will depend on the size of your home, your energy needs, and other factors. POWERHOME Solar helps you get started with our $0 down, 100 percent financing* plan so you can begin saving on your utility bill from Day 1.

There’s never been a better time to switch to solar power. Energy prices are rising, even spiking in some areas, and solar panel prices are falling. Also, the efficiency of solar panels has reached a high point. Yet solar panel technology is continually improving as researchers and companies strive to develop better products. This process also affects solar panel cost and results in improved system quality and design, making the entire system more affordable than ever.

How Much Does the Average Solar System Cost?

If you are looking into a solar panel installation, that means you’ve probably heard that switching to solar energy can lower your power bill. But you still want to know how much solar panels cost, and more specifically how much they will cost for your home. Because every homeowner’s needs are different, so too are the costs. The price of solar will depend on several factors, including your current power usage, how much you want your solar panels to offset your total power bill, and the direction your home faces, to name three. Solar is not a one-size-fits-all option.
Two families could be living in the same size house, yet their power needs can be drastically different. That’s why power companies don’t charge you for how large your home is -- they charge for how much power you use. Solar works similarly. While the average-sized solar panel system installation may be approximately 6,000 watts, that number will depend on how much you want your solar panels to offset your current energy use. That’s a number you get to decide, and that will determine your solar panel cost.

Solar Power Systems
Are More than Just Panels

Of course, a solar power system is more than just panels. It has many other components such as racks, wiring, an inverter, a solar production monitoring platform and smart meter. All of these factors are involved in the per-watt cost of your system.

POWERHOME Solar currently serves customers in Indiana, Michigan, Missouri, North Carolina, Ohio, Pennsylvania, South Carolina and Virginia. The solar savings you get in these states depend on any local government incentives and net-metering programs they have available. Schedule a consultation with one of our energy experts to see how much you can save.

Contact us today to find out more about solar panel prices in your state.

Expert inspecting solar energy system
Solar expert completed panel installation

Make Sure Your Solar Panels System Is the
Right Size

Other solar companies may suggest any size of solar panel system for your house without looking at decisive factors. At POWERHOME Solar, we take into consideration the size of your roof (or yard, if you prefer a ground mounted system) and most importantly, your energy use.

Without this information, you’ll struggle to find the perfect-sized solar panel system to meet your family’s energy needs. Our solar experts will look at all of these factors carefully to make sure that once your panels are up and running, you feel nothing but excited about your new purchase.

If you take advantage of our $0 down, 100% financing*, it is even easier to purchase solar panels and maximize your savings.

 

Efficiency Has Reduced Solar Panel Installation Price

Solar panel efficiency has reached a peak of 21-22%. This is more than enough to meet our energy needs. And it’s just another reason why now is the best time to invest in a solar panel system for your home.

Consider that the typical home gets an annual average of 4-5 hours of peak sunlight per day. Each square meter of solar panels is thus exposed to 4-5 kWh of solar energy a day. With 20% efficiency, each square meter captures, converts, and delivers 0.8 to 1 kWh of energy to your house.

A typical home in the U.S. uses about 30kWh of electricity each day, so 30-38 square meters of panels would be needed to generate enough energy for this ideal home. This works out to about 300-400 square feet, which is about one-sixth of the size of an average home. These newest, most efficient solar panels require less roof space to generate energy, so your solar panel installation cost goes down.

 

Cost of a Single Solar Panel

Let’s break this down a little more and examine the cost of a single solar panel. This is a great way to understand the overall cost of your system. The simple answer is that it depends on the type of panel and the size of your system. At POWERHOME Solar, we use American-made solar panels of the highest quality and best prices.

 

How Is the Cost of Solar Panels Calculated?

Solar panel production is measured in watts, so their cost is often calculated in dollars per watt. However, the entire cost of your solar panel installation will be a combination of equipment costs that include solar panels, the inverter, wiring, and mounting hardware.

 

Factors That Impact the Cost of Solar Panel Installation

A POWERHOME Solar quote provides you with an all-in price of your solar panel installation. It may be helpful for you to know what that price includes.

 
First, we look at your energy usage and what percentage of it you want to offset with solar energy.
This will help us determine the size of your solar system array, as well as whether you choose a rooftop or a ground-mounted solar system.
 
Once you find the perfect solar energy system to match your energy needs, our team will start working on designing the system, filing permits, and getting set up for installation.
We take care of all these intricacies, so you don’t have to worry about anything other than enjoying your solar savings.
 
Lastly, we’ll arrange the solar system installation date.
When this day comes, you can be confident that our team will take care of everything. By the time we’re done with your installation and clean up afterward, it will look and feel like we were never there. The only thing you’ll be enjoying are those new solar panels on your property.

Solar Panel Costs vs. Your Current Utility Bill

There is already enough solar capacity installed in the U.S. to power nearly 13 million American homes. This means many are already paying less for their electricity than you are.

Solar Panel Fun Facts

The price of oil and natural gas is very volatile, but even when the prices go down, utility companies still raise their rates. And, fossil fuels won’t last forever, and the more these resources are depleted, the higher the costs will be for them.
Conversely, solar energy costs are going down. In fact, solar panel installation costs have dropped more than 70 percent since 2010. As solar panel installation prices continue to drop, and electric rates from your utility company continue to rise, solar energy seems like a
no-brainer.

Get a Free Solar Energy Quote

See How Much You Can Save

 

How Much Can You Save with Solar Panels?

When you see solar panels on your neighbor’s house, you probably wonder how much he/she is actually saving as a result of switching to solar power.

How much you save will, of course, depend on where you live. There are so many variables that determine how much the utilities in different cities and states charge for electricity. Also, various states get different amounts of peak sunshine. But even those living in a city as cloudy as Cleveland can produce enough solar power to power their homes adequately. Another significant factor is the different incentives offered and net-metering programs available in different localities, which will impact your savings. That’s what makes solar a great alternative.

Reduce Home Solar Energy Costs How Else Can I Reduce Home Solar Energy Costs?

How Else Can I Reduce Home Solar Energy Costs?

Check out the federal, state and local incentives for going solar. Homeowners across the country can take advantage of the 30 percent federal tax credit. Each state offers its own incentives, ranging from additional tax credits to renewable energy certificates.

What Is Net Metering?

Net metering gives you a way to store energy and use it when you need it. During peak sunlight hours, the average solar panel system produces more power than you and your family can use. The extra energy is fed back into the grid and the utility uses it for someone else. You get credit for the energy you feed back into the grid. When needed, you can use that credit to get power from the grid during the night, or on cloudy days when your home needs more energy than your panels are generating. Net metering improves the economics of solar power significantly, and it’s why POWERHOME works with power companies that provide it.

About POWERHOME Solar

We are the leading American-made solar company. We’ve won awards and accolades that make us stand out from other solar companies. But it is the fact that our customers have realized hundreds of thousands of dollars in savings that is our most prized reward.

Simply make a call to see if your home qualifies, get a free energy audit and customized solar panel proposal, then schedule your installation date.

*for qualified homeowners