What’s the Cost of Solar Panels? A Quick Overview

Did you know that solar energy is one of the world’s cheapest types of renewable energy? This means that using solar panels not only helps the environment but also helps you save money in the long run.

Going green by choosing solar panels for your home or other building establishment is a huge step in the right direction towards helping the environment. But doing so also has a few drawbacks. One of which is the stressful question regarding the cost of solar panels.

Media has commonly painted solar panels as being extremely expensive. But actually, you’d be surprised about the overall low cost of solar panels. Keep reading if you’re interested in learning more.

What Affects the Cost of Solar Panels?

While it’s understandable that you might want a ballpark range for a solar panel installation, such a number would be hard to acquire. This is because there are so many factors that go into the overall cost of solar panels. Some of which aren’t even associated with installation.

First off, the price of solar panels obviously differs depending on which brand you get and from what retailer. The best solar panels will likely be more pricey, whereas a low-budget brand won’t.

Much like any other appliance, solar panels must have maintenance. This incurs an additional cost that also varies. 

More equipment might be necessary such as solar batteries, inverters, and shades. Quite interestingly, solar panels themselves are rather cheap. It’s mostly the installation and extra equipment that makes up the overall cost.

For the sake of the question, the average cost of solar panel installation is between $16,000 and $21,000. It’s also been a significant drop in price since 2020.

Are Solar Panels Worth It?

The answer to this question also depends. In the long run, a large majority of people do in fact save money using solar panels. For most, it’s worth it.

Here are a few things that you might want to consider:

  • Where are you located? Is there good sunshine?
  • How much energy do you consume?
  • Are there trees shading the sun in your area?
  • What kind of roof do you have?

The overall ‘cost’ (post-installation) also varies depending on if your state allows for tax credits for using solar energy.

Benefits of Using Solar Panels

So now that you know the price, what’s in it for you? Well, as mentioned earlier, opting for solar panels can reduce the costs of supplying your home with energy. Reducing your utility bill cost is always nice right?

Gas and electricity also have a negative impact on the environment. Choosing to go even for cheap solar panels will reduce your carbon footprint and lead to a cleaner earth. 

You also have the option to go for lifetime solar energy by purchasing the panels, or you can lease them and pay as you go. Just keep in mind that if you lease, you won’t officially own the panels. It’s still a good option to save on your utility bills, though.

Most states require a permit to install solar panels. If you’re looking for solar panel installation contractors in Forth Worth, Texas, check out GoEHS.

More Info On Saving Energy (& Money!)

We hope this short guide helped you determine the cost of solar panels. AS mentioned, there’s a bit that goes into the cost. But this mostly determines what you want out of them.

Regardless, they’re a great choice for saving money and the planet! For more helpful tips, visit the consumer resources section of our blog.