Many homeowners are interested in residential solar systems because they want to be more sustainable and save money. They often wonder how much it will cost them and what benefits they can expect from this investment. Read below as we discuss the costs of installing a residential solar system and some of its benefits.
In general, residential solar systems cost anywhere from $18 thousand to upwards of $50 thousand.
Factors That Affect The Price Include:
Equipment needed
If you have an existing grid and wiring system, it will be cheaper than having to install all new wiring.
Number of panels
Generally, the more panels you have, the cheaper it is per watt.
State refund and tax credits
Some states offer a refund on solar systems, which can add to your savings. In addition, many states also provide sales or property tax exemptions for renewable energy equipment such as residential solar systems.
If you are building a new home, it is often more expensive to have solar panels installed on an existing roof than installing them during the construction of your house. This also depends on factors like how many stories your home has and what type of material your current roof is made out of.
Maintenance costs
If you are looking for a more sustainable solution, it is essential to consider the long term effects of your solar panels. There are various types of residential solar systems, including warranties that have different price points and terms.
If possible, homeowners should try to get quotes from multiple companies before choosing their installer so they can find one with the best price and warranty.
How renewable energy works
Residential solar systems work by converting sunlight into electricity. They do this through photovoltaic cells, which create an electric current exposed to the sun’s rays. These panels are connected and then connected to your home’s electrical system, where you can use it as a regular power source or sell it back to a provider if your system is connected to the grid.
Benefits of Having Residential Solar Panels
The amount of energy you get
Residential solar systems are measured in kilowatts (kW). The average US home uses roughly 30 kW per day, so if you have a five kW system, it will supply about half of your daily energy needs.
Return on investment
Once you purchase a residential solar system, the savings you make on your electricity bills will outweigh your initial investment within five to seven years, depending on how much energy you use.
Ease of installation
Residential solar panel installation is relatively simple and can be done by most homeowners themselves or contracted out if they are not comfortable doing it themselves. The first step is determining if your home is a good candidate for residential solar power. This includes looking at how much sun exposure you have, any shading issues from trees or buildings, and the direction of your roof’s pitch.
Residential solar systems can be a significant investment for some homeowners. Still, there are various ways to finance your purchase, including loans and leases that will allow you to pay back the system over time through monthly payments.
If you require the best residential solar panels, then be sure to get in touch with 1 Stop Solar. We are a trusted and experienced company providing services all over Florida. From installation to maintenance of your system, we have it covered.
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Our team is committed to providing excellent customer service every step of the way- from start to finish. Give us a call today or fill out our contact form for more information on how we can help you save money on electricity bills now.