Your Cart

Sun-Powered Savings: Unveiling the True Cost of Solar Panels

Sun-Powered Savings: Unveiling the True Cost of Solar Panels

Aug 07, 2023

Blog Team

If you generally have high utility bills, this is a good time to consider installing solar panels. Alternatively, if you live in a prime location, you’re likely paying a higher bill compared to other localities.

In this blog, we will explore the cost of solar panels and how they can go easy on your pockets.

Solar Panels: Decoding the Price Tag

The latest data from the Center for Sustainable Energy suggests a particular cost of solar panels. The combined cost of solar panel installation and the system typically falls within the range of $15,000 to $25,000.

Furthermore, the average cost of solar panel installation in the U.S. is slightly higher. The cost ranges from approximately $18,000 to $35,000, based on their comprehensive database of completed projects.

Can Solar Panels influence your power bills?

Before exploring solar panel installation, it's crucial to understand how factors such as your electric bill, location, and available incentives can influence your long-term financial impact.

Here are five essential steps to help you assess whether the savings from solar panels will outweigh the initial investment.

  • Analyzing Your Electric Bill: Understanding Solar Savings
  • Solar panels hold the potential to significantly reduce or even eliminate your monthly electricity bill. However, to gauge the benefits, it's essential to assess your electricity rates and consumption, as these factors can influence your overall savings. 

  • Sunlight Exposure: Maximizing Solar Energy Potential
  • Discover the importance of sunlight exposure in harnessing the full power of solar panels. We delve into the impact of location, sun hours per day, home orientation, shade, and roof type on a solar system's output.

  • Crunching the Numbers: Calculating the Cost of Solar Panels
  • Explore the financial aspect of solar panel installation, understanding that while the upfront costs may seem significant, the minimal long-term expenses and extended lifespan of solar systems often make the investment worthwhile.

  • Government Incentives: Making the Most of Solar Tax Credits
  • Learn about the latest federal tax credits and incentives that encourage homeowners to adopt clean energy solutions, like rooftop solar panels. Uncover the benefits of the Residential Clean Energy Credit and its potential impact on your tax return.

  • Navigating Trade Policy: How Changes Affect Solar Prices
  • Understand the role of government trade policies in shaping solar panel costs and supply. Delve into the history of tariffs on imported solar cells and panels, and how they have influenced consumer prices. 

    Remember, your solar decision is an investment in the future. We, at Beyond Solar have a range of solar panels to help meet your needs.