How Much Do Solar Panels Cost?

How Much Do Solar Panels Cost?

Alternative Energy

If you are considering switching to a solar energy system, it can be overwhelming to navigate through your options. At Momentum Solar, we believe in offering our customers all available information so they can make an educated decision on whether a home installation is right for them. Here’s a breakdown of what goes into the cost of going solar!

Can I Purchase One Solar Panel At A Time?

An average photovoltaic panel typically costs between $200 and $300 depending on how many watts it has. This cost is only for the panel itself and does not include the cost of installation. Purchasing one solar panel at a time is usually more expensive than purchasing the whole system – most professional installers purchase panels in bulk, making them significantly cheaper.

What Goes Into The Price Of Solar Panels?

There are a few factors to consider when estimating how much your residential solar panel system will cost:

System Size and Quantity: In most cases, larger solar panel systems cost more than smaller ones. However, large solar panels do not automatically translate to more savings on your energy bill! The quality of the panels is just as important when trying to reduce energy costs because higher quality equipment leads to better performance from the system. Homeowners must consider factors such as total energy usage, the design of the home and geographic location to reach optimal efficiency and reduce energy costs.

Labor Costs: When using a professional installer, customers also have labor and transportation costs. These can vary depending on how far away you are from the installer you choose. Momentum Solar includes these fees in your free quote to ensure that you are receiving an honest deal before committing.

Home Type: The complexity of each installation can affect the cost of your solar panels. Roofs with an average pitch that are facing south or west will likely be cheaper than steeper roofs. Solar panels can still be installed on complicated roofs, but homeowners should be aware of the potential system’s estimated efficiency before making any decisions to ensure that the cost of solar installation is worth the price.

Location: Solar panels are available nationwide, but some locations are better than others due to several factors. Panels are relatively affordable everywhere – the average cost per watt varies throughout each state, but typically these prices vary within the 50-cent range. Differing climates call for different kinds of equipment for your solar systems which influences total costs and can also affect the efficiency of your system. Each state also has different rebate and tax incentive programs, making solar panels cheaper in some states than others.

Are Solar Panels Worth it?

All things considered, residential solar systems can be a great investment for anyone looking to lower their utility bill while reducing their carbon emissions. Federal and state incentives will be decreasing at the end of 2020, making today the best time to invest in solar energy. Visit our website or call 1-888-MOMENTUM for a free quote!

Find Out if Switching to Solar is Right for You

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