Solar Panel Costs And You

If you pay toward your solar system upfront, your solar panel price could be anyplace from $10,000 to $40,000 toward a solar panel system installation. However, did you know that the price varies mostly on your location? The primary reason has to do with solar energy. Since solar panels transform sunlight into electricity, there's a lot of difference in how much sun your home gets, which is greatly influenced by latitude, altitude, orientation, and haze cover. This will impact your overall solar panel price.

Location Of Solar

Typically, southern states in the U.S. get more sunshine than northern states. Yet,  southern states with higher elevations and less atmospheric based cloud cover.  For example, Arizona and New Mexico, get more energy from the sun than states such as Florida or South Carolina. So, for the identical size house, you would require more solar panels in Georgia than you would in Texas.

Recognize, the sun may be blazing, but if it is behind a cloud, you’re not getting much solar energy. This suggests that a solar panel in San Diego will generate more energy in a year than the same panel in Portland.
Another variable to consider is your house, not just its neighborhood, but its size and bearings, too. A home with a southern directional layout will get more solar energy. A larger house will normally require more electricity, but will also have more roof space ready for solar panels.

When considering how many solar panels you will require, you must to know how much electricity you use. The normal house in the United States uses approximately 900 kilowatt hours (kWh) a month, about 11,000 kWh a year. You can quickly determine your actual usage by glancing back at your electricity bills.

Energy Per Solar Panel System?

The common concept follows, a 3-kWh solar system will produce about 3,600 kWh to 4,800 kWh annually. A 5-kWh system generates about 6,000 to 8,000 kWh per year, and a 10-kWh system can deliver about 12,000 kWh to 16,000 kWh per year.

When considering the size of the system, the solar panels price would be within $4,000 and $16,000. Add an extra $3,000 to $10,000 for additional required components such as racks for the panels, wiring, and inverters, and the highest tier solar panel price is now close to $26,000.

The charge to install all those additional components fluctuates according to the region and encompasses not only labor costs but also the price of local permits and inspections. Regularly, installation charges range from $2,000 to $5,000 per installation, so keep that in mind.

Lastly, there are operating expenses, which incorporate net monitoring, maintenance, servicing, and insurance. Operating expenses also vary by region, but they also have the potential for price savings if, for instance, monitoring is not needed or repairs are insignificant. A ballpark expected price for operating expenses is $4,000 to $8,000.

There is clearly a lot of solar panel pricing issues to work through, but the more you know, the better you will do with making a purchase that fits your needs and claims the cheapest price on solar around. HahaSmart can help you get the deals on solar you have been looking for.  Have a start with our price checker tool to see how much money you can save over the next decade by making the switch to clean renewable energy for your home!