The Cost of Solar

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. In addition, the efficiency of solar panels has never been better.

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 from Day 1.

How Much Does the Average Solar System Cost?

If you are looking into a solar panels 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 a number of 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. In addition, there are labor costs for the actual installation. All of these factors will affect the per-watt cost of your system. And they are all dependent on the size of your solar panel system.

POWERHOME Solar currently serves in over six states. The solar savings you get in these states depend on any local government incentives and net-metering programs they have available. Since every state is different, your best bet is scheduling 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 Expert inspecting solar energy system
Solar expert completed panel installation Solar expert completed panel installation

Make Sure Your Solar Panels System Is the
Right Size

Keep in mind that although a bigger solar panel system will cost more, it also will provide more savings. For example, if you need a 10kW solar panel system to generate all the electricity you use, your solar cost will rise, but you’ll be reducing a big monthly expense – your power bill – and so you’ll be saving money in the long run. Though solar incentives and net-metering programs vary from state to state, the cost of solar panels is that was alllow, making solar affordable in every state.

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 at 21-22%. This may seem low, but in fact, it’s enough to meet our energy needs. That’s just another reason why now is the best time to invest in a solar panel system for your home.

It’s understandable that people think all technology gets more efficient, and therefore less expensive, as advances are made. But photovoltaics don’t work that way with their current efficiency being maxed out. 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 typical 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. Add to that the costs of design, permitting and interconnection (hooking your system up to the grid). And finally, let’s not forget the sales and operational costs which cover monitoring and maintenance, repairs, and any additional overhead.

 

Factors That Impact the Cost of Solar Panel Installation

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

 
First, of course, are the solar panels themselves. Not all solar panels are the same, and more expensive isn’t always better.
Efficiency ratings, warranties, and other design elements can affect the performance and installation of solar panels. At POWERHOME Solar, we use only American-made, Tier-1 solar panels for all our installations.
 
While solar panels, wiring, mounting, and the inverter make up the bulk of your solar panel installation costs, labor and permits are also a factor.
And, you probably will have to pay a fee to have your solar power system connected to the grid. Then there is the manpower required to make your solar panel system a reality. This includes designing the system, filing permits, installing the system and more.
 
Your home itself may also play a role in your final cost.
For example, if your roof is south-facing with a slope of 30 degrees, the installation will be uncomplicated and generally easy. But, if you roof has many levels, skylights, or domes, the accommodations required may slightly increase the price.

Solar Panel Costs vs. Your Current Utility Bill

There is already enough solar capacity installed in the U.S. to power more than 11 million American homes. This means many are already paying less for their power 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, the solar panel installation costs have dropped more than 70 percent since 2010. As solar panel installations costs 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. Most solar panel systems last 25-30 years, and so do the savings. Even after that time, they are still producing energy, just not as efficiently.

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. In addition, different states get different amounts of peak sunshine. But even a city as cloudy as Cleveland can produce enough solar power to adequately power your home. Another big factor is the different incentives offered and net-metering programs available in different localities which will impact your savings. However, one thing you can count on is your electric bill will continue to rise. That’s what makes solar a great alternative.

Check out our solar savings calculator to see how much you can save with solar.

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 still can take advantage of the 30 percent federal tax credit, although it will gradually be reduced until it expires at the end of 2021. Each state offers their own incentives, ranging from additional tax credits to renewable energy certificates.

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 in savings that is our most prized reward.

We take care of everything, from paperwork to solar installation. You don’t have to do a thing except enjoy your savings. With our $0 down, 100 percent financing, we make switching to solar as easy as 1, 2, 3.

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