In the transition to producing clean energy, solar-generated electricity is a crucial energy source. It is widely regarded as one of the best sources of renewable energy, lighting up homes and commercial buildings alike.
The interest in solar panel installation is rising and several households and commercial organizations are interested in converting to renewable energy. However, many are still worried about solar panel costs.
At Westcoast Solar Energy, we can answer the question on everyone’s minds: are solar panels accessible to everyone?
How Are Solar Panel Costs Calculated?
Estimating the cost of solar panels depends on a number of factors. According to Forbes, solar panel costs can average anywhere from $16,000 to $35,000 but can vary depending on some factors.
For example, if you’re having solar panels installed in your home, your solar panel costs will depend on the following:
- Your Location and Sunlight Levels Depending on local electricity prices, some states have higher solar panel costs than others. Peak solar hours and how much sun you get also play a large role.
- Household Energy Usage: The monthly electricity use of your household can also affect your solar panel costs. Electrical appliances and lights factor into your monthly energy usage, therefore affecting the cost of your solar panels.
- Panel Size and Quality: Your ability to produce electricity is influenced by the equipment you select. Solar panels have a variety of sizes and qualities. You should look for the most cost-effective solar panels available to find the ideal balance between price and quality. Additionally, larger solar panel systems are more expensive since they require more materials and manpower.
In the United States, the national average cost per kilowatt-hour is 10.53 cents (kWh). The typical electricity bill in a state can play a role in determining how much a solar panel will cost. Solar panel costs also come with tax incentives, with some states providing tax credits, cash rebates, Solar Renewable Energy Credits (SRECs), and exemptions from real estate taxes.
Are Solar Panels Becoming More Accessible?
Since 1958, accessible solar energy has advanced significantly. In the United States, the demand for solar energy is at an all-time high. There was an estimated 27.4 GW of solar energy installed in the United States, up from 1.2 GW in 2008 to the end of 2015.
Despite these developments, many American homes still lack access to affordable solar electricity. Renters, homeowners without financing, and those who do not have proper roof conditions or adequate sun exposure struggle with solar panel accessibility.
Solar Energy professionals are hoping that demand for renewable energy and accessibility continue to rise.
Westcoast Solar Energy Provides Accessible Solar Panel Costs
Westcoast Solar Energy is committed to providing accessible solar energy to everyone. We also offer professional maintenance and repair for a range of commercial and residential solar energy systems. Our solar installation crew is knowledgeable about the requirements to get you started on using solar energy, and we can help you maintain your system’s top performance so you and your home can enjoy an all-new, clean source of energy.
Contact us today to get started!
