The growth in solar panels across the United States has, in part, been driven by the falling prices over the past decade. In fact, the average cost of installing solar panels has fallen by more than 70% in the last decade. Current prices are at historic levels and more and more US homeowners are making the switch to solar energy.
There are a host of benefits to solar energy, including:
- Significant savings on energy bills
- Reduced dependency on the grid
- The ability to support a cleaner and green environment
In this blog post, we will look at the average cost of solar installation and the factors that determine these prices.
What is the Average Cost of Solar Panels?
It is difficult to give a definitive answer to this question as there are a number of factors to consider. However, according to SolarReviews, the average cost per watt in the United States is $3. The average cost of a solar panel system is between $16,000 and $20,000, though this is before factoring in federal solar investment tax credits.
The current cost of solar panel installation means that homeowners will pay off the cost of installation within between four and eight days. Given that solar panels have a lifespan of around 25 years, there is scope for significant savings for homeowners who choose the solar energy route.
What Factors Determine Solar Panel Installation Cost?
The size of your solar system plays a big role in the overall cost. The largest the solar panel system, the lower the average cost per watt. Many properties will choose, for example, a 6 kW system with has an average cost of $2.95 per watt.
Your location will affect solar pricing, particularly how much sunlight your area receives, state incentives, and local market conditions. Another factor that will play a role in determining solar panel installation costs is the solar panel system equipment type and manufacturer
For an accurate solar installation cost for your property, your best choice is to speak to Blue Raven Solar, one of the US’s leading solar installation companies.
Find the True Cost of Solar Installation In Your Area
The bottom line is that the true cost of solar panels is dependent on a range of factors. This includes the size of your solar panel system and the location of your property. Certain states in the US receive greater amounts of sunlight than others, for example, California, where solar panel uptake is high.
The benefits of solar panels are many, regardless of where in the US you live. In addition to significant savings, your home’s carbon footprint will be decreased. Solar is a clean, renewable, and abundant energy source, unlike non-renewable sources such as coal which contribute negatively to our planet.
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