The cost of installing solar panels ranges depending on several factors such as the capacity of your system the type of solar panels that you’ll use, and your geographical region. That is the reason to know these variables to define investment perspective and save a maximum of money. This guide deconstructs the common expenses tied to solar panel deployment and offers some advice on getting the best out of this green power resource.
The installation of solar panels is the most expensive aspect of their use, and its costs can be presented as:
Look at the average cost of solar panels in the United States – it often varies from $15,000 to $25,000 after deducting the federal tax credits. Nevertheless, this range depends on the capacity of the system in kilowatts (KW). For example:
- A 5 kW system: After the consultation with the client the total cost ranges between$12,000 and $16,000
- A 10 kW system: Again, on average from $24,000 to $35,000.
The solar panel costs are generally quoted in terms of the cost per watt and could cost about $2.50/ watt up to $4.00/ watt depending on the make and efficiency.
Elements That Have an Impact on Solar Energy Prices
Several elements impact the total cost of installing solar panels:
System Size
Systems with higher capacities produce more power and their installation costs are relatively expensive. The size that you require will depend on your power consumption and objectives.
Type of Solar Panels
- Monocrystalline panels: Higher efficiency than the pole-mounted type; however, its costs are relatively high.
- Polycrystalline panels: Less efficient, however, it is cheaper than the previous system.
- Thin-film panels: It is inexpensive, easily portable, and can be used in more innovative installations but are not as good in their functionality.
Labor and Installation Costs
Wages also differ by country and typically go from $0.50 to $1.00 per watt installed. Multi-cracked roofs or ground-mountain systems are costly in terms of labour costs.
Incentives and Rebates
There’s always the bonus of federal tax credits like the 30% Federal Solar Tax Credit that makes everything much cheaper.o State Solar Tax Credit: 25 Such claims as Santee Cooper and Duke Energy, making provisions of up to $5,700 and $4,000 respectively for rebates.
Battery Storage Options
Introducing solar batteries for power storage raises the cost but presents the extra advantages of backup power and higher energy liberty. The battery costs may be between $5000 and $15000 depending on the capacity. Saving in the long term with solar instalment Solar panels do cost money to install, yet they pay themselves off in the long run because they help cut or even remove your electric expenses.
According to state laws, in South Carolina where there is so much sunlight, homeowners can save between $1,000-$2,000 annually on energy bills. Developed by Lawrence Berk and Diane Timberlake, over the life of a system save more than $30,000 within a system’s 25-year lifespan.
How to get the best quote
To understand more about your solar panel installation costs, please contact Myrtle Beach Solar for a free quote.
- Comprehensive evaluation of the energy requirement that you ought to meet.
- Recommendations made to fit within the client’s budget.
- Possibility to qualify for rebates and financing.
But Why Choose Myrtle Beach Solar Company?
Myrtle Beach Solar has been in solar power installation for many years and has all the knowledge you require in the Grand Strand area for residential and business establishments. All our services are from system design to installation and maintenance of energy solutions that will save money and support sustainability. Give the Myrtle Beach Solar team a call at 843-957-9067 to set up your free, no-obligation consultation and call today to start saving with solar!
