Solar Panel Cost

Let us show you some application of the previous tax credit and program rebate.
We saw in the section Tax Credit and Rebate Programs all financial helps you can get from the government and from your state to install your solar home system.
The main measure we can quote again is the Federal Tax Credit of 30 % of the cost of the installation.
And following your location there is in some case more incentives offered to you.
Now in this section we will show you some application on different case to know how your installation will cost you. Because even if you read the best summary on all advantage offered by the government it’s still difficult to have a clear and accurate idea and you still wondering this basics interrogations :

Which Size I Have To Choose ?

Solar energy is free. you just have to install solar panel to produce your electricity. Following the location of your home, your energy consumption and your wish of saving the typical American home will require a 2kW to 8kW solar panel system. That’s why the professional have to make a study of your electricity bills.

How Much Dollars I Will Pay To Install My Solar System?

Don’t forget the helps Solar cost is based on your choose, the costs for equipment and installation could range from $5,000 to $25,000, after rebates and tax credits. Take one second to compare with the amount you will pay to you electric utility company for 25 years. Don’t forget to consider the annual rising of the electricity rates. You have a good idea of how much you are going to waste without solar panels.

How Much Time I Will Need To Payback My Installation?

Solar is a profitable investment. In addition to saving money on your electric bill all around the year, you will also add value on your home without increasing your tax property.
To give some numerical data you can pay back your installation cost in 4 to 8 years. And hope a return on investment (ROI) of around 9 % to 15 %. All this profit can be realize because of the savings you are going to make. So to sum up solar installation is one of the best investment for this time and it’s the guaranty low risk and high ROI in the same time.

Use our savings calculator or take a look on the table below to get a good idea of the cost of solar panel installation.

TIPS