A Guide on the Average Cost of Solar Panels

Did you know getting solar panels installed on your home could save you thousands of dollars on electricity bills? But it’s not the only benefit. The panels can generate electricity for your home, helping you cut back on the electricity bills while saving money on the cost of the energy itself.

Solar is starting to take hold, and rightfully so. Imagine being able to get free, clean electricity from the sun. 

Now, you might be asking yourself, “What is the average cost of solar panels?”

Well, don’t worry, we’ve got you covered. Keep reading below to get your complete guide to solar panel pricing.

How Much Do Solar Panels Cost?

Solar panels cost about $3 per watt on average. This means that a 100 watt panel would cost $300. The average cost of installation is around $1 per watt, so a 100-watt panel would cost $100 to install.

These costs are for panels that are bought and installed by the homeowner. If you lease a solar panel, the cost is usually around $0.15 per kilowatt-hour, or $15 per month for a 100-watt panel.

The Average Cost of Solar Panels in 2021

The average cost of solar panels in 2021 was $2.87 per watt. This means that the average 5kW system would cost $14,350 before the federal tax credit.

The average price per panel has dropped over the last few years, and it is now more affordable than ever to go solar. With the federal tax credit, the average cost of a solar panel system is now around $11,000.

How to Save Money on Solar Panels

Solar panels are a great way to save money on your energy bill, but they can be a bit expensive. There are a few ways to save money on solar panels.

The first way is to purchase them from a reputable company.

There are many companies that sell solar panels, but not all of them are created equal. Make sure to do your research before purchasing solar panels. You may check Blue Raven Solar for extended warranties and thorough installation process.

Installing solar panels yourself is the second approach to save money on solar panels. Finally, you can try to get government incentives for installing solar panels. These incentives can help offset the cost of solar panels and make them more affordable.

Your needs for your home will determine which is the best solar panels are appropriate. 

The Benefits of Solar Power

Solar panels are a great way to reduce your carbon footprint and can also save you money on your electricity bill. The average cost of solar panels is about $3,000.

However, the cost of solar panels has been dropping rapidly in recent years and is expected to continue to drop. The cost of solar panels will pay for itself in just a few years and will continue to save you money for decades.

If you are ready to invest in solar panels for your home, we can help. Be sure to check out our cost calculator and find out how we can offer you a cash purchase on your old panels.

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