October 18, 2023

Factors That Affect Your Solar Panel Price

solar panel price

A number of factors impact your solar panel price, and comparing quotes is the best way to ensure you get the lowest prices possible. These include solar equipment costs, installation labor, and soft costs like permitting and inspections. It’s also important to factor in the type of roof you have and what type of solar system you choose. Choosing a higher-quality solar panel may require more upfront investment but can help reduce electricity costs over the 25-year warrantyed life of your system.

State and solar incentives also affect your price. Many states, counties, cities, and even your utility provider offer incentives for home solar energy systems, battery storage, and other energy efficiency improvements. Incentives are worth looking for because they reduce your total system cost and help you achieve a faster solar break-even point.

Harnessing the Power of the Sun: Your Guide to Solar Panels in Dublin

Your location and weather patterns also have a big effect on your energy production and savings. The warmer the state, the more daily peak sunlight hours you’ll need for a larger system. Likewise, colder states require smaller systems for the same amount of energy use.

You can learn about average costs nationally and in your state by clicking on the map at SolarReviews. Additionally, you can find a free online tool that assesses your roof and recommends a system size, as well as shows all available incentives & rebates in your area. You can also sign up to receive multiple binding solar quotes from installers in your area at the nation’s largest Solar Marketplace, EnergySage.