An investment in solar panels on your home or business can support more than just reducing your utility costs. The money you save each month, or year, can be used to build back up savings, make more improvements and even protect your home or business from a power outage.
The decision to go solar is not an easy one to make. The biggest drawback most people have is the cost of solar panels. The cost of solar panels has continued to decline every year with a major drop off happening around 2009. This cost is so low that most homeowner's will see a return-on-investment with solar within 5-7 years.
Since 1991, the price of a solar panel has gone from $10 per watt to less than $1 per watt to make them and those savings are passed onto the customer with reduced installation costs.
Additional Reasons to Go Solar
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Cost to Install Solar Panels
The true cost of installing solar panels on your home or business is decided by a variety of factors. You can get a rough estimate by knowing how much energy you use.
The average home will cost around $30,000 to $60,000 but can be higher if your energy needs are more.
Need more reasons to go solar?
The guides below will step you through all the various pros and cons of going solar. Installing solar panels is an investment but one that can pay off with time.
If you're planning to live in your home for more than 15-20 years then solar will pay for itself multiple times before you move or need to replace panels.
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