The Costs of Solar Panels and How To Save On Them!

Jessica PirroJune 25, 2019 2625 0

Solar panel installation can be a bit pricey. Most homeowners are that are considering a solar panel installation want to know exactly how much do solar panels cost, and how they can lower their solar panels costs.

How to Save on the Costs of Solar Panels

The solar powered system is a congregation of specific parts. The normal set-up consists of an array of panels (or modules), mounts or racks, and a solar power inverter with a controller. The solar power inverter is especially crucial as panels generate DC electricity from the suns rays through the panels, and then it turns that current into AC electricity. AC is the kind of electricity we use in our homes. The internal computer brained controller regulates the solar for peak performance throughout the day.

You know the contract for your new solar powered system is coming, and you want to make sure you have made a great decision on the solar panel installation process. Here are some things to consider as you move forward. The two principal components you’ll need to evaluate for your solar powered system are the solar panels and the solar power inverters. A solar installer will commonly suggest a distinct brand for each, and hopefully, explore options. The efficiency of a solar panel, durability, and aesthetics are the primary considerations homeowners should use to compare the numerous brands. Also, we know the solar panels cost matters, so make sure you are keeping a ledger.

This information will inform you of how to save on your overall solar panels cost. Photovoltaic cells are the basic unit of solar technology. Many photovoltaic cells are combined to make one solar module or solar powered system. The primary way that photovoltaic cells collect daylight into power is the same for every solar panel, but there are differences in construction that create uniqueness between panels.

It is true that there is a lot of variances when it comes to solar panels cost. When we aim to find the price of a solar installation and cover the total for the solar panels cost, we are often dumbfounded by the various and widespread options available to us. One thing for sure is that weighing your options through several solar companies out there, in comparison for pricing we might be able to game the solar powered system and end up with a great deal on our final solar panel cost. It seems, do to statistical review available $2.71 and $3.57 per watt to add a solar panel installation to your home or business, and the average total solar panels cost before tax credits are $18,840.

Size Of Home And Power Usage Matter 

There are many sizes of solar panels to consider, but the average household consumes about 11,000 kW per year. So keep that in mind as a place to start. We would recommend an energy audit by a professional to get the best bang for your money when looking to buy a low-cost solar powered system.

In the world of cells, there are typically two that we know the most, monocrystalline and polycrystalline. Their individualness comes from the production process and how their original material, silicone, is made while melted and then cured. When fabricating monocrystalline panels, silicon gets melted and remade into individual crystal cylinders. These cylinders. After this process, the cells are split into square wafers for the cells. The process is more expensive and wastes some silicon, but it results in higher-level efficiency of a solar panel because of the higher purity within the actual silicone crystal. We all know that higher efficiency means savings in the long run when we are looking to find the best price of a solar powered system for the home. Our electricity bills diminish significantly with highly efficient cells, and this can lower your overall solar panels cost.

The Solar Panel Installation Process

The roof is the best location for a solar panel installation because it usually offers the best access to the most amount of sunlight. It usually already has the architectural specs that the panels need. Along with mounting hardware and proper flashings, the panels will get up there in no time flat. However, If the roof is not applicable due to design or material, options are available. These solar panel installation options include shade awnings or ground-mounts.

The solar power inverter is often placed near the main panel and is usually indoors or outside. Since it is made with solid-state electronics, it may tend to overheat, so the solar power inverter should installed out of suns direct lighting if possible.

Since you have been waiting your whole life for this event, one can expect that when the day arrives, there will be a lot of excitement. Your solar installer will start by checking and preparing your roof for the solar panel installation.

Wiring is the first step of your solar panel installation, so leave that to your professional solar installer.

Secondly, they will rack those panels up on some very explicitly built panel racks. Lastly, they will connect your solar power inverter to the solar panels to convert direct current (DC) energy into the alternating current (AC) energy used in homes and on the grid. You are all set for making your solar panels dreams come true. Enjoy your days on this Earth with significant savings and clean, solar energy.

How to Lower Your Solar Panels Cost

A good first step while researching how to save on the solar panels cost is to conduct an energy audit on your home. When you ask for an auditor to come to your property and perform an energy audit there are a few things that the auditor will do.

The auditor will come out and do a comprehensive investigation of how much solar energy you are using and the areas that you could use an upgrade. This will help you determine if you would see gains from the solar panel installation.

Once the energy audit is over, a professional solar installer will come out and help you decide the right location, size, and solar panels are right for you to see solar savings. These solar savings that you’ll see will typically be more than the actual solar panels cost.

Another thing that you will want to keep in mind when considering how much the solar panels cost, is that sometimes it is worth it to spend a little more on the solar panels and mounting on a solar powered system if that is what will give you the most solar energy benefits.

One thing to remember when considering the solar panels cost on the more pricey solar panels is that there will be savings that you will see in a reduction in electricity bills. Sometimes perspective solar panel customers can get a little scared when thinking about the solar panels cost, but in most cases, the solar panels cost that you are paying upfront will soon result in electric bill savings.

A key aspect when it comes to solar panels cost and the savings that come along with it is that location is the key to how much solar energy will be produced by a solar panel installation. The amount of sunlight that your solar panel installation receives, combined with the average rate of electricity in your state, could result in $20,000 savings. Well exceeding the original solar panel costs.

Federal Tax Credits 

In the United States, the government has been extremely helpful to significantly reduce the solar panels cost, helping many United States residents switch over to solar energy.

The government provides what many consider to be the most significant incentive, it is called the Federal Solar Tax Credit, the credit is also called the investment tax credit (ITC).

This tax credit allows those who use solar energy or other forms of clean energy, to deduct 30 percent of the solar panels cost that is being added to your home. Meaning that if you spend $30,000 on a solar panel installation there is a tax deduction of $9,000.

This includes all types of purchases, for the cost of both commercial and residential solar panel installation. There is also no limitation on the amount that qualifies for the tax credit. This is a limitless plan that is the reason for both business and residential solar panel installation growth each year.

If you’re interested in going solar, see how much you can save by using the hahaSmart price checker tool.


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