You’ve been looking around online and doing your research on the benefits of having solar panels installed. If you are like many people, you now understand the basics of how solar works. You are almost ready to make the switch, but how much will it cost you?
The cost of Solar Panel Installation ranges depending on your home and energy consumption needs. To help offset this cost, there are numerous incentives by federal and state governments. It’s also import and to remember that post installation and depending on your energy production, you could get paid by your electric company for supplying energy to the grid.
There are numerous factors to consider when it comes to the cost of solar installation. according to an article by ThisOldHouse.com, “the average solar system for a 2,000-square-foot home is roughly $31,460.* If that cost seems out of your budget, don’t worry—this figure is before applying valuable solar incentives that can shave off thousands.”
*Cost figures are sourced from data by EnergySage, ConsumerAffairs, and the National Renewable Energy Laboratory.
Factors, such as system type and size and your location, can raise or lower this price. The IRS offers the Residential Clean Energy Credit. This credit can be claimed on renewable energy improvements made between 2022 and 2034.
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