Renewable energy made up only 1.7% of global electricity in 2010. By 2020, it has climbed to 8.7% which is much faster than predicted. One of the key reasons is the growth of home solar panels.
Homeowners are discovering the benefits of having their own solar panels. How much do solar panels cost for a home? Keep reading to see if solar panels may be right for you.
How Much Do Solar Panels Cost for a Home?
The cost of residential solar panels often comes down to a few key areas for the homeowners. With a little bit of research, every homeowner can figure out if buying solar panels is right for them.
Home Size and Energy Usage
The average home uses 10,715 kilowatt-hours (kWh)per year. Some homes use more and some less based on factors like how many family members you have and where you live.
Your solar energy need depends on your desire for it to replace or supplement your energy usage. You also want to take into consideration if your state has an energy buy-back program for excess energy.
Solar System Size
Solar systems are sized by kWh’s and the size sets your installation prices. Here are a few examples of the power outputs of different sizes
- 3 kWh system generates anywhere from 3600 kWh to 4800 kWh per year
- 5 kWh system generates anywhere from 6000 kWh to 8000 kWh per year
- 10 kWh system generates anywhere from 12,000 kWh to 16,000 kWh per year
The Center for Sustainable Energy estimates the average cost is $3-5 per watt. This means a 3kWh system would cost $9,000-$15,000 before credits and incentives.
When buying solar panels, you also want to see what direction your roof faces and how much sunlight you get. The more sun you get, the more potential for solar saving energy you will have.
You want to make sure to find out the specifics of solar for your location. Different states have different regulations for solar. Plus, the federal government has generous tax benefits that will decrease at the end of 2022.
The best thing you can do is find a local solar panel dealer who can help you understand solar panel prices for your area. For example, many homeowners in the greater Atlanta area are finding out how they can save with Blue Raven.
Local experts can guide you on the zoning aspects you need to follow and even show you other homeowners who have installed solar. This can give you the information you need and show you real-life examples.
This Could Be the Best Time for Solar
If you are thinking about how much do solar panels cost for a home, it is because you are seeing the potential. Solar power can provide clean long-lasting energy for your home and save you money in the long run.
You don’t have to go missing sleep anymore thinking about things like solar power, or travel ideas. Check out our wealth of articles that inform and educate you on the many different aspects of your life.