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How Much Do Solar Panels Cost?

The cost of solar depends on your location, current power usage and desired monthly savings, among other things. Learn more about the cost of solar below.

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How Much Does the Average Solar System Cost?

The average solar system cost differs from property to property because homes and businesses consume power differently. Your solar panel price will depend on your current energy consumption, the direction your home faces and the amount of sunlight your roof receives, to name a few. In other words, solar is not a one-size-fits-all option.

For example, the average-sized solar panel installation may be approximately 6,000 watts, but that number will depend on the amount of your electric bill you want to offset with your panels. If you live in the same size house as your neighbor but consume more energy than him/her each month, you may need a higher-wattage solar system to see the same amount of savings.

How is Solar Panel Cost Calculated?

The cost of solar panels is calculated in dollars per watt. Watts is the metric used to measure your system’s solar panel production. How much electricity your solar panel array can produce depends on the size of your system, solar cell efficiency and the amount of sunlight the panel receives.

However, solar panel output is not the only factor you should consider when determining the total cost of going solar. Installation costs impact the final price as well. The good news is, we give you a free in-home consultation where we determine the size of solar system that’s right for you, and the type, whether it is roof-mounted or ground-mounted.

What Does a Solar Panel Installation Cost Include?

A POWERHOME SOLAR quote provides you with an all-inclusive price of your solar panel installation. Here’s what the price includes:

  • Installation Equipment
    The cost of installation includes solar panels, inverter(s), wiring, conduit, mounting racks and mounting hardware.
  • A Custom-Designed Solar Energy System
    Once you sign the contract, our team will start designing your system, filing permits and getting set up for installation. We manage everything so you can just enjoy your potential solar savings.
  • A Time and Date for Your Solar System Installation
    On installation day, our team will carefully install your solar panels, check for proper function and then clean up afterward. Your only job will be to enjoy those new solar panels on your property.

The Cost of Solar Has Become More Affordable

The most efficient solar panels on the market have efficiency ratings of nearly 23 percent. That doesn’t sound like much, but it is more than enough to meet your energy needs. Here’s how an efficient solar system could potentially reduce your energy costs in the long-term.

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-fourth of the size of an average roof. These newest, most efficient solar panels require less roof space to generate energy, so your solar panel installation cost could go down.

Questions From Our Customers

How Many Solar Panels Do I Need For My Home?

The number of solar panels you need will depend on many different factors. These include your roof’s sun exposure, your current energy consumption, your goal electric bill and your home appliances. Ultimately, the exact amount of solar panels your home may need to see potential savings is unique to you. Our team will walk through each of these factors and determine the ideal number of panels needed to meet your energy goals.

Learn more about how many solar panels you need.

What Factors Affect Solar Panel Costs?

Solar panel costs typically depend on the style and number of panels you select, current electricity costs in your area, and whether or not you qualify for any local rebates and incentives. Installation costs also factor in. Installation costs also factor in. However, depending on your panel efficiency, your region’s sunlight exposure, your home’s current energy usage, etc, you could potentially offset the cost of your system over the lifespan of your investment. Our system engineers will take all of these details into consideration to design a solar system that’s totally custom for your home.

Learn more about what factors affect solar panel cost.

How Much Can I Save With Solar Panels?

The exact amount you could potentially save by going solar greatly depends on where you live. Every utility company has its own electricity rates, incentives and net-metering rules that can significantly impact your savings. Also, some states get more hours of peak sunshine than others, but even those living in areas known for clouds can produce enough solar energy to power their homes adequately. Schedule a consultation with one of our energy experts to see how much you can potentially save.

How Can I Reduce Home Solar Energy Costs?

POWERHOME SOLAR offers $0 down, 100% financing for qualified homeowners to make it even easier to purchase solar panels and potentially maximize your savings. Homeowners across the country can take advantage of the 26% federal tax credit5.

Learn more about how you can reduce the cost of adding solar to your home.

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 can use 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 SOLAR works with power companies that provide it. For those utility companies that don’t offer net metering, installing a battery is a way to utilize more of the energy your solar panels generate to your benefit.

Learn more about how net metering works.

How Long Does It Take To Pay Off Solar Panels?

How quickly you can pay off your solar panel system depends on several factors including federal and state tax incentives you may be eligible for, whether you choose to pay off extra each month, and the size of your particular solar project.

Learn more about how long it takes to pay off solar panels.

Are Solar Panels Worth The Cost?

The short answer is, yes, solar panels are worth the cost. Solar panels could potentially lower your electric bills, you take steps towards owning your power (not renting it), you can offset future electric bills with net metering, and home solar panels could potentially raise the value of your property.

Learn more about how solar panels are worth the investment.

Lower Your Costs with POWERHOME SOLAR

We Customize Your Solar Array to Your Needs

Some solar companies may suggest any size of solar panel system for your home or business 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 system to meet your family’s energy needs. Our solar experts will evaluate 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.

We Offer Solar Panels to Homeowners and Business Owners

POWERHOME SOLAR offers premium, American-made residential solar panel systems to customers in Illinois, Indiana, Michigan, Missouri, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia. The potential solar savings you get in these states depend on any local government incentives and net-metering programs they have available.

Save on the Cost of Solar Panels with POWERHOME SOLAR

There’s enough solar installed in the U.S. to power more than 12 million homes. As one of the fastest-growing solar companies in America, it’s our mission to help you join that movement. Request a free quote today to learn more about how you can potentially save thousands on monthly energy costs with our premium, monocrystalline solar panels.

Contact one of our energy experts today to see how much you can potentially save and find out how much solar panels cost in your state.