How much do replacement solar panels cost?
The single biggest question customers have about going solar is the cost. What can I expect to pay for the solar system I install? We answered that question in a prior blog post.
Then there are planners who think past the 25-year warranty span. Yes, the average solar customer can expect to save tens of thousands of dollars over the life of their solar system, but what will it cost when those panels need to be replaced? Won’t the additional cost reduce or wipe out the savings you’ve accumulated over time?
If you think about it, forecasting how much solar panels will cost 25 or more years from now is an impossible question to answer, because one would have to hop into his/her DeLorean time machine and visit Biff Tannen in the future to know for sure. If you find it difficult to project where you want to be in five years, try multiplying that by five and see how you do.
But if we are in the prediction business, it seems like a good bet that the cost for solar will continue decreasing in the future. There’s some hard data to back that assertion, and then there’s some common sense understanding to supplement it.
First the data: The cost to install solar panels has dropped by more than 70 percent since 2010, according to the Solar Energy Industries Association. That’s why we’re having this conversation in the first place. Solar panels are now at a price point that allows many more Americans the opportunity to get them.
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As for the common sense part of the scenario, we know that solar panels are technology, much like any of the devices that we use daily, including high-definition televisions. You may remember paying thousands for your first HD TV. If you visit the nearest big-box store or online retailer looking to upgrade, you see prices far below what you initially paid for similar technology. The highest-tech panels available in the future still may be premium priced, but our bet is that you can get panels better than what you have now for less than what you paid at your initial install.
As technology improves, prices drop. As prices drop, more people adopt the technology. And it is because of that innovation, and with national and state incentives to go green, we envision solar panels being cheaper and more efficient in the future.
With our innovative solar program, homeowners can go solar for $0 up-front cost, save money on their electric bills, and generate their own clean energy. The solar panels installed on your home are American made and come with a 25-year warranty, with many panels expected to last well beyond that.
Please feel free to fill out the handy form below or contact Power Home Solar at 800-765-2715, and one of our solar representatives will help you determine whether your home qualifies for this solar program.