How Much Does Solar Panel Installation Cost?
Solar panels harvest power from the sun. Thanks to the latest advancements in renewable energy technology, most homeowners can now have solar panel installation done without any problems. Green properties are on the radar, and very few improvements to your home will have such a big return on investment while increasing your property's value. Solar is measured on a 20:1 scale, meaning that, for every $1 saved on your electrical bill, your home's value increased by $20. So, if you save $1000 annually by going solar, your home's value increases by $20,000! And the best part? It's 100% tax exempt!
How Much Does It Cost to Install Solar Panels?
One of the biggest cost factors is the square footage which will need to be covered by solar panels. If you have a bigger roof space and want more solar panels, you can expect to pay more. The average home covers around 2,500 square feet and, on average, you can expect to pay around $36,000 towards the cost to install solar panels your roof of this size. This cost depends on a wide variety of factors, and the price can increase or decrease because of them. Here are some of the factors affecting the cost of solar panel installation.
- the total area of your home
- solar rebates
- necessary building codes and permits
- additional costs
Solar panel installation is not a DIY project if you're serious about using renewable energy and going green. Solar technology should be treated with respect by a knowledgeable professional who is able to apply for all necessary permits on your behalf. There's never been a better time to go solar, so compare at least 3 quotes for contractors in your area to get the best deal possible.
One of the biggest factors which has made solar technology so accessible to homeowners is the amount of rebates and other programs available in your area. Many states have programs that can reduce the price of your installation by as much as 50% as it encourages renewable energy installation. To know what rebates are available in your area, take a look at your local government or municipal websites. Our average cost has already taken into account the rebates offered by most state governments. If you do not have these rebates available, you can expect to pay more for the installation.
Building Codes and Permits
When you install solar panels, everything needs to be done to code, which increases the price for the installation. You will have to get permits for the installation too. Additionally, you will need to pay an electrician to bring the electrical wiring to code and you will need a carpenter to bring the roofing and installation to code. These contractors typically charge by the hour, so you will want to find someone that has a good reputation but does not charge you more than $85 per hour.
Additional Solar Installation Costs
An additional cost that may not have been considered is the time it takes to actually install the panels. Most contractors will charge by the hour. Each panel takes about 2 hours to install. Once you know how many panels you will need, you can determine the approximate cost for the installation portion.
There are many factors that influence solar panel installation, and a contractor can help get it done correctly. Remember, solar technology should be respected in order to utilize it to it fullest potential. However, you will need to be prepared to pay for all of these components, and the initial cost to install solar panels may seem expensive at first for some homeowners. Although this is true, many rebates and other incentives which have come in effect over the last decade have made solar more accessible and affordable than ever before. When you install solar panels, you are assured of a return on investment like few other home improvement projects, and you are guaranteed to save money once the system has paid for itself. In most cases, once you install solar panels, the system will pay for itself in as little as 10 years or less.
How To Get a Free Quote
If you are ready to start utilizing renewable energy to power your every day lifestyle, you can get a free, no-obligation estimate from professional solar panel installation contractors in your area now. Simply provide your zip code in the space provided and press enter. Remember, it's absolutely FREE, and you are under zero obligation to make any purchases.