“How much do solar panels cost?” Well, it’s complicated. There are alot of different factors that can affect the price of solar panels.
In this article, we will outline some of the most important factors that affect the price of solar panels and provide some tips for saving on your investment in clean energy.
Factors That Affect The Price of Solar Panels
The price of solar panels varies because solar energy systems are custom designed to meet your home’s specific needs. The total cost can be affected by factors such as:
- Energy consumption
- The type of solar panels
- Ease of installation
- Cost of licenses
- Choice of installer
Here are some more details on what can affect the cost of your solar panels:
1. Energy Consumption
It goes without saying that the more energy your household consumes, the more solar panels you will need to install.
Individual solar panels are rated to produce a set amount of energy – usually about 250 watts per hour for recognized brands. So the more energy your household consumes, the more solar panels you will need to install.
A reputable installer will be able to tell you how many solar panels you need to satisfy your energy goals with solar. Factors such as your appliances, the size of your home, and the number of people using energy will be considered.
2. Types Of Solar Panels
Solar panels are classified by their power density, energy efficiency, and durability. The best solar panels with higher power density cost more per watt. If you are thinking long-term, like 20-30 years out, you need high-quality solar panels with high solar energy efficiency.
High-quality solar panels cost more than low-quality ones. For example, crystalline solar panels cost more than thin film ones but have better solar efficiency. Therefore, you will require a lot of thin film solar panels to generate sufficient energy for your home than crystalline ones. Also, the thin film solar panels will require frequent repairs or replacement.
3. Type And Angle of The Roof
Another factor that determines the cost of solar panels is the ease of installation, which is determined by the type and angle of the roof. The type of roof plays an important role in the overall cost, as different solar panels require different materials to hold to the roof. These materials will drive up the cost of your solar panels.
Also, during installation, solar panels are mounted at an angle to increase their exposure to sunlight. If you have an angled roof facing maximum sunshine direction, installing solar panels will be easier and less costly. Houses with flat roofs or irregular rooflines will require the contractor to build some scaffolding to enable proper installation of the solar panels.
4. Cost Of Licenses
Each state has different regulations for installing solar panels and harnessing solar energy. These laws determine the requirements for the certification of individual contractors and licensing. In some states, you may spend more than the average price for solar panels, especially if the regulations allow contractors to transfer these extra costs to the homeowners.
5. Choice Of Solar Installer
Usually, bigger companies or contractors with good warranties and service history charge more for installation than smaller companies. Not only do these companies have industry-trained professionals, but they also stock high-quality solar panels. Unlike other industries, bigger solar companies will sell their panels at higher prices because of the quality guarantees they represent.
Residential Solar Panels You Can Afford
Solar panels can be expensive, but Solar Optimum wants to help you see savings on day one. We offer monthly promotions, financing, and can help you take advantage of available tax incentives in your area. We also carry a variety of brands ranging from tier 1 panels to budget-conscious American-made products.
Download your solar panel buyer’s guide below and contact us today to speak with one of our Energy Consultants.