Cost of Solar Panels
Interested in a solar panel farm for your home? What if we told you, you weren’t alone?
According to IHS Markit, “Solar panel installations are expected to increase by 30% in 2021.” CNET states that “residential solar electric systems cost approximately $20,000.00, which includes the price of the panels themselves, related hardware, the cost of labor and other expenses. It’s not cheap.
Can you break even after a solar panel installation?
Let’s start with a “payback period”. This is the timeframe in which it will take a person who invests in solar to earn back the cost. “Solar panels can help you save enough money on your energy bill over time to offset the upfront costs,” says Sean Jackson, journalist.
One of the most important things to consider first if you’re interested in installing solar panels is to calculate upfront costs. Remember that Integrity Solar Solutions can assist in providing estimates, which will include learning more about your system costs, installation costs additional fees you should be prepared to manage.
By having a solar panel system on your home or office building, remember that your upfront costs could seem overwhelming at first. But, according to CNET, “the long-term efficiency they provide can more than offset the initial investment, leading to savings for years to come.”