solar for your home
Solar pricing: Factors to consider
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Energy consumption
Determine how much energy your house consumes, then consider your goals with solar. Do you want solar energy to generate some or all of the power for your household? The amount of energy you need impacts the cost of your solar energy system.
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Electricity prices
Take a look at electricity prices in your state using past power bills for reference, and gain an understanding of your electric company’s net metering standards. This information will influence the size of your system and the number of panels you’ll need installed.
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Sunlight exposure
Consider how much sun your roof gets throughout the day. Take into account your roof type, size, and orientation. A larger roof potentially gets more sun as do south-facing roofs. Shade can also affect how much direct sunlight your roof receives.
solar panel pricing trends
How much can you save with solar?
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A cost-effective system
The average household requires a 6kW solar energy system to generate sufficient power, the price of which has decreased over the past decade. Today, the installation cost for a 6kW system runs between $15,000 and $25,000 on top of panel costs.
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An accessible power option
Reports show that in 2018 alone solar panel pricing per watt dropped by 5%. Combine that savings with incentives and financing options and solar has become an even more viable option for homeowners throughout the U.S.