Having solar panels can help reduce your carbon footprint and shave money off your power bill. For many homeowners, these benefits aren’t offset by the cost of the system. You can get a lease for them, but before you start looking into financing, it’s important to know what you’ll be spending your money on.
There are many factors that go into the cost of installing solar panels at home. You have to consider labor, the size of your system, and other fees.
Let us be your price calculator. Check out this guide to learn how much money you can expect to spend.
Average Cost
The average cost of a solar system can range anywhere between 10,000 to 30,000 dollars. Many things can alter the price of your panels. The main one is the area where you live.
If you stay in a bright sunny area, you won’t need as many panels to power your home as you would if you lived somewhere cloudy. Certain states offer incentives and offers for homeowners who take strides to go green. You will have to look up your area to learn what you qualify for.
System Size
Another thing that will inflate the cost of installing solar panels is the size of your system. To determine the size that you need, think about how much power your home produces.
The more electricity you need to generate, the larger your system needs to be. The larger the system, the more money you’ll have to pay companies in your area for the installation.
One thing to note is that a bigger system will save you money in the long run. It will cost more but, it will shave a lot of money off your power bill.
Labor Costs
Labor costs can vary from company to company. Again installation is cheaper in some areas than others. Businesses will also charge based on the size of the panels.
It will be a little over 30% of the average cost of your system.
Other Fees to Take Into Account
There are a few other fees that you have to take into account. You may have to buy certain permits as well as pay inspection fees and taxes.
When you ask for a price quote, most companies will include them in the estimate that they give you. You could spend up to 600 dollars on the permits. It can vary depending on the state that you live in.
The Average Cost of Installing Solar Panels at Home
The main thing that detours homeowners from buying solar panels is how much money you can spend on them. The cost of installing solar panels at home can vary from state to state.
You may have to pay more if you live in a sunny area vs. if you live in a cloudy one. Some states have price deductions in place that you can take advantage of.
If you’re looking for more ways to go green in your home, we have all the information you need right on our blog.
