Top 10 Questions About Solar Panels
Before you make the decision to go solar power for your home,
there are a number of things to know.
How Much Do Solar Panels Cost?
It is one of the first questions most homeowners have when it comes to investing in solar power for their property – “What will the final price tag be?” Many factors go into the answer. The cost of solar panels and installation can be impacted by your home location, how much power your household uses on average, the finance option you choose, available tax credits, and the utility company you use. On top of that, some companies (like Semper Solaris) offer additional discounts and coupons to reduce the final price even further.
To get an accurate estimate on your future solar project, you will need to estimate the size of the system your home will need. Then, you’ll need to assess the cost of the entire project in relation to any discounts, tax credits, financing deals, and the payback periods offered by local companies. Once you shop around, you can see who will provide not only the best service, warranty, and solar panel product, but the most affordable price tag for going solar.
Breaking Down the Cost in California
When it comes to determining the price of solar panels, you must determine what is included in the total cost. Many people don’t just price out the actual panels – they factor the total cost of installing solar panels in their home.
So what should you expect to be included in the total cost of a solar panel system? This number includes the cost of a solar inverter, the framing system to secure the panels on your roof, permits and paperwork needed for the job, and installation services provided by trained professionals.
While solar costs can fluctuate depending on specific equipment, size of the system, personal homeowner preferences and other details, the average homeowner in California is paying around $15,900 for a cash installation of a 5kW home solar power system. This price range can vary greatly based on the state, however. For a financed system, a homeowner is looking at around $17,800 prior to the tax credit, or $12,460 after the credit.
Something else that every homeowner needs to take into consideration when it comes to the “solar price tag” is that solar panels provide returns—especially as electricity costs continue to rise. That means savings that go back in your pocket. The ideal situation would be for your solar panel system to pay for itself over the course of time and with install pricing fixed as electricity rates continue to rise, that is becoming more and more of a reality.
For the most accurate picture of how much going solar will cost you, talk to a local company to get a quote based on your location, power needs, structure of your roof, and other factors. Semper Solaris offers a free energy analysis whenever you are ready to find out more!