Solar Prices Are Lower For You

Solar panels are hot items these days. Now that we have seen our friends and family install them for a low-price, we might be pondering the concept ourselves.  The future is bright for the solar panel industry, and maybe it's time for you to jump on it.  You’ve presumably heard about how solar energy can decrease your power bills, though how much do solar panels cost? The most obvious way to calculate the reasonable cost of solar panels is to study its price in dollars per watt, which is pretty constant across the United States.

Price Of Solar Panels

In 2018, solar costs will vary from $11,380 to $14,990 (after tax incentives). Because cost paid per watt varies from $2.71 to $3.57 and the common U.S household system capacity is 6 kW (6,000 watts), the ordinary entire solar panel price is $18,840

That’s six and a half percent cheaper than it was a year ago, and solar panel system costs are proceeding to lower. However, if you want to make a comparison to what a single solar panel will cost and also total solar panel system will cost for your house, it’s essential to compare prices requested to homeowners in your area – total prices can vary depending on the state that you live in. Here’s a breakdown on how the total cost is arranged:

The Amount For Solar Is Dropping 

Understanding the average cost per watt is critical, but what does $3.14/watt  for you? The cost of installing solar for your home or job depends on how much electricity you want to produce – a more significant system will cost more because you’ll need to purchase more material and more labor will be required to connect it.

The average solar energy system size in the U.S is around 5 kilowatts (kW). If we leverage our thought s on the average price of $3.14/watt, a 5kW system would cost $10,990 after tax credits. Here are some common 2018 quotes for different solar energy systems by size:

Solar Panel System Size And Cost

Regular system    $13,188    6kW
Mid-large system    $17,584    8kW
Large system    $21,980    10kW
Certain prices indicate the cost of a solar energy system after subtracting the federal solar tax credit, which lessens your solar system charge by 30 percent. In many cases, we will find that states, local governments, and energy utilities can offer a wide variety of deductions and other tax incentives that can considerably reduce the solar system prices in your quotes of solar installers.

The cost of solar panels will also differ from state to state. HahaSmart investigated quote data from the HahaSmart's pricing tools are used to develop a range of solar panel system prices for top solar states and get you the best price possible. To further investigate your solar panel price potentials, 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 2 decades.