Many people who want to install solar in their homes ask about the costs a lot. The answer is influenced by many factors.
The easiest way to know the installation cost is by asking for a quote from a solar company like unbound solar. You can also look at the average of costs using various factors to see how costs differ.
Average Costs for Solar and Installation
In 2006, the average cost of solar was $9/Watt. Since then, the cost has dropped to $7/Watt in 2010 and around $3/Watt in 2018. The cost of solar is expected to continue dropping with historical trends over the next couple of years. With the solar investment tax credit from the federal government, it will be the best bet to move to solar energy. The tax credit is at 26%.
If you install a 6kW solar system in your home, the cost comes between $11,000 and $15,000 after the tax credit. You can easily recover the installation cost in most locations within 10 years or less since the power price is constantly rising. You can also recover faster if you choose solar financing options. This is because after installing solar, your cost is fixed, unlike the electricity. You end up saving more.
Here Are The Factors That Influence The Cost.
1. Solar panels you need.
You need to know how many solar panels are enough to power the whole house. You also need to know if you plan on installing a PV system on your rooftop. You have to identify whether you need to connect to a utility grid or to go fully off-grid. Therefore, the size and design of your setup will determine your total solar costs.
2.Quality of solar system components.
The higher the quality of solar system components, the lower the cost of running the solar system at home. You end up saving more over a long period than if you buy less quality equipment. However, the best solar system components cost more upfront.
3.How easy is it to install the solar system?
The way your rooftop is set up determines if you will incur more when installing the PV system in the roof. So, if you have an irregular roofline, the cost will go up. Sometimes installing a ground-mounted array may be simple, but additional equipment will drive the total costs up.
4. The solar system installer.
You need to find the best solar system installer. Otherwise, the cost of solar installation will continue rising with the number of repairs you have to do. A seasoned solar dealer and installer like unbound solar will advise you on the best solar components and install them professionally. The idea is to reduce the cost of power monthly to almost zero. With a professional solar system installer, you are guaranteed to only pay for servicing once or twice a year. That will significantly reduce the cost of power in your home or office premises.
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