How Much Do Solar Panels Cost?

How Much Do Solar Panels Cost?

If you’re researching residential solar panels, cost is likely a major consideration. Many of us are already aware of the environmental benefits that come from using solar panels. Not only do they use clean energy but they also help conserve water and slow down the effects of climate change. Solar panels also lower the cost of energy, but what goes into the overall cost of the system itself? Let’s take a look at the costs you can expect from a solar panel home system.

1) Equipment: The bulk of your expense will go toward the equipment, which includes components like the solar module, inverter, and metering equipment. The cost of the equipment will depend on the size of your home and location.

2) Installation: The good news is that your solar panel system will only need to be installed once. It’s important to have experienced professionals install your system to ensure that it’s done properly.

3) Maintenance: Very little maintenance is required for solar panels, so you shouldn’t expect to pay regularly for this. On the rare occasion that a panel is damaged, you would have to pay for the repair and/or replacement.

Tax Incentives

The upfront cost for installing a solar panel system can be high, so it’s recommended to take advantage of any state or federal tax incentives that may be applicable. The incentives will vary depending on where you live. Refer to the Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics for more information. 

Overall, deciding to install a solar panel system on your home is a big decision. There are many great environmental and cost-saving benefits that can make it a great investment for your home.

The team at Purelight Power has the knowledge and experience to answer all of your questions about a home solar panel system. Contact us today for a free quote!

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