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How Much do Solar Panels Cost?
Do you have your toes in the tip of the green build world and are curious about that all-important question, “How Much Do Solar Panels Cost?” Each time the query comes to mind, considerations are far beyond the sticker price of those solar panels surface. Materials, installation, maintenance, actual energy savings, and added home value are just a few. There is no short response to this question, but with enough information, you can make a fair assessment relative to your own personal needs.
Interestingly enough, the size of the house is not a major defining factor. More important is assessing how much energy your family requires in a month on average and how much direct sunlight you can access. Get bids for initial costs, including installation, solar panels, the wiring and converter box and other miscellaneous supplies from Tunto Green Power Technology who will sell to you a variety of mono solar panels and poly solar panels. In fact, you will get a 100 Watt poly solar panel at wholesale prices only $40 per piece .
Part of your assessment should include taking into consideration whether you want to reduce the installation costs by doing the work yourself and checking out any other tax rebates and energy-saving incentives. This number in some states can be as much as 80%. If you work with a good CPA or financial planner, get input from them about the potential increased property value that may come as a bonus if you have no immediate plans to sell the home.
From a current assessment, your investment is most likely to see a return in 10 to 15 years, but if you have no plans to sell your home, it is conceivable you will recoup your cost three times over the life of your installed panels. The increase in home values may be more difficult to assess with other economic issues creating nose dives in some parts of the country, but appraisal tools that have been relied upon for over 30 years indicate that for every $1 decrease in energy costs, a homeowner can realistically expect a $20 return over 10-15 years.
How much do solar panels cost? Include everything suggested above, and do not forget to adjust for maintenance costs. The world you are living in today is not the same one you will be experiencing in another decade or two; your decision to install may well be a conscious hedge against rising energy costs in the years to come, or to build in the security of energy should your grid ever be down for an extended period of time in the case of war or natural disasters. Can you apply a dollar figure to those needs?
When considering solar panels for energy reduction, the natural human need is to know exactly how much out-of-pocket they will be, thus the question remains, “How much do solar panels cost?” However, without addressing all these other issues, you fail to take into account a broader array of long-term benefits, and you may make a choice, not in your best interest.