The cost of solar panels themselves has been immensely declining 

Realistically, costs have gone down, the diminution comes mostly from the cost of solar panels themselves. The cost of solar panels themselves has been immensely declining since solar panels were created.

According to the National, Renewable Energy Laboratory’s the price for the residential solar panel, systems have decreased significantly since 2010.  
As of today, the average solar panel cost ranges from $3 to $4 per watt, with an average size solar panel system estimating between 5 and 6 kilowatts.

The Installation Solar Panel Systems

Solar panels account for about 25 to 30 percent of the entire solar panel system cost.
Other hard costs include Solar inverters, which are responsible for close to 10 percent of hard costs
Solar mounting and electrical equipment can also be another 10% for solar panel systems.

Think of hard costs in terms of hardware: the materials installed to get your new solar panel system on its way to saving you money.

This is the out-of-pocket cost for the solar panels themselves, inverters, solar mounting racks, a battery for storage and so on.

Residential Solar Panel Installation and soft costs 

To some degree, soft costs are straightforwardly a part of a business running conventionally  To keep their doors open, solar energy companies must pay their employees, attract new customers and make a profit.

Soft costs are mostly the administration costs for the company, customer acquisition and marketing, system design, permits and fees for connecting to the grid, and labor for installation.

The price for most of the soft costs is minute.  However, they all add up.
According to the Solar Industry Information Association (SEIA) provided statistics stating the number for soft costs at 68 percent.

Solar Panel Systems and Reducing Soft Costs

Research has also been funded by SETO to create new ways to regulate solar company functions and operations. Higher quality software and systems to advocate the growth of new customers and run more fluently will assist in taming soft costs. As a result of these efforts, the savings will transpire on to solar customers.

The Department of Energy’s Solar Energy Technology Office (SETO) launched an initiative called Sunshot in 2011. The goal is to put solar energy financially on par with other energy sources by the year 2020.

Various permitting, entities and laws throughout various jurisdictions can slow down the process of solar installation and raise costs. Through systematizing and unifying solar, SETO is working to cut red tape and prices.

Considering solar panel installation Locally?

We’re pleased to do our part to make the swap to solar more recognizable and cost-effective, explicitly by exterminating the majority of soft costs. Get started today with our solar calculator to determine if your house is ready for solar yet.

At HahaSmart, we’re intertwining solar customers with esteemed information that will decrease the price of solar panels and solar panel systems.

If you want to move into the future and join the solar revolution, or if you want to find out what solar panels are right for you, go to HahaSmart.com and try our price checker tool. You can see how much a system will cost, and how much you can save over the next 20 years. 

For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles