What Do Solar Panels Generally Cost and How Do I Know They’re Worth It?

What Should I Be Paying for Residential Solar Panels?

The upfront cost of going solar is one of the primary reasons why some homeowners stay on the fence for some time before finally making their decision one way or the other. But unlike most home improvements, a solar system is designed to save you money and over time, it will even pay for itself.

Despite this, however, homeowners still must come to terms with that initial financial output and this can leave many wondering if going solar is really worth it. In today’s post, you will find out how much solar panels generally cost and the type of savings you can expect from having them installed on your home. more “What Do Solar Panels Generally Cost and How Do I Know They’re Worth It?”

Understanding the Real Cost of Solar

Determining the Actual Cost of Residential Solar Panels

When it comes to solar energy, there’s a ton of benefits, but there is also a tradeoff to consider. Essentially, you pay a bunch of money for a solar system now, but what you’re buying is a chance to save on your electricity bills for as long as your system lasts. So when does it all become worth the investment? At the end of the day, what is the real value of solar energy?

To answer that question, you first need to know how much your solar panel system will cost. Unfortunately, there is not one single answer to this question. If you have a larger house, then of course, you will need more solar panels. You may also choose to have fewer panels, knowing that you will absorb less energy. However, most solar arrays cost between 10,000 and 50,000 dollars, with the average falling between about 17,000 and 20,000.

Now that’s not the end of the story. You get federal tax credits for going solar, and there may be state incentives as well. All the credits and rebates could drop your system’s cost down to as little as 5,000 to 12,000 dollars. Read on to learn more about how to determine the real value of your solar system, before you make the investment.

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