Did you know solar panel prices have dropped by 70% since 2014?
Because prices have dropped so much, you might be interested in purchasing some solar panels. However, before you make the leap, you may want some more information on how much it’ll cost to install the panels.
This post will provide you with a guide on how much you’ll need to pay for solar panels. Once you’ve finished, you’ll be able to answer the question, “how much do solar panels cost?”
How Much Do Solar Panels Cost?
According to one report, installing solar panels costs roughly $12,000. It’s worth noting this figure includes federal tax incentives as well.
Of course, it’s important to remember that this figure is an average. After all, each home is different, so it’s hard to come up with a single number that applies to everyone.
For the most part, the amount of money you need to spend when buying solar panels will depend on the energy requirements of your home.
Following this, you should first figure out how much energy your home is using. You should then contact a solar panel company, and they will be able to tell you how much everything will cost.
The amount you pay for solar panels will also depend on the tax incentives your state is offering.
Thus, you might want to contact your local authorities before you invest in solar panel installation. In doing so, you might learn about a scheme that can help you cut costs.
Think of the Long Term Costs
When installing solar panels, many people only think about the short-term costs they’re going to face. So, that could include the cost of buying the panels, as well as labor costs.
However, it’s important to remember solar panels often come with long-term costs too. For example, you will need to clean your panels, and you’ll often need to hire a specialist company for this.
On top of that, you might also need to repair the panels if something goes wrong. Again, you’ll probably need to hire an expert company for this kind of thing.
That said, one way you can keep your repair bills low is by using a solar panel installation company that offers a warranty.
Luckily, this isn’t that much of an issue, because many companies offer a 25-year warranty on their panels. As a result, if the panels fail unexpectedly, these kinds of companies will fix the panel for you.
Because of the warranty, this repair is often free of charge, thereby saving you money.
Time to Install Some Solar Panels?
Now that you’ve read this post, it should be easier for you to answer the question, “how much do solar panels cost?”
If you find that one company quotes a really high price, you might want to speak to another firm. If you shop around, you should eventually be able to find a company that offers a more reasonable quote.
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