How Much Do Solar Panels Cost?
Solar panels are available for all needs and in different price ranges. If you are thinking of investing in these systems, you should know how much energy you would use and the amount that you could save after installing the panels. So, how much do they cost?
Many people will ask this question, but it’s difficult to give a straightforward answer because there are a number of things to take into consideration. The price will depend on the installation cost as well as the amount of watts that the solar panels can power. You should know that many solar systems are designed to work along with the existing power lines and could be used in homes to provide light, heat water and air or generate electricity.
The following will highlight the typical costs for solar panels:
Solar heating systems vary widely in costs. If you hire a contractor to install one of the complex system in order to heat the whole house or several rooms, you could pay anywhere from $25,000 to $100,000 and more. Of course, this will also depend on the size, type and configuration. On the other hand, you could pay several hundred dollars to get a simple DIY window treatment that provides heating for a single room. In most cases, the most economical solar heating systems can provide forty to eighty percent of the heat that the home needs.
You could spend $1,000 to $3,500 for the solar powered water heaters for homes. This amount includes the installation cost. These are useful for any climate and would require very low operating costs monthly. For electrical power, you could spend $35,000 to $45,000 to get a 5 kilowatt system to provide all the energy needed to run a conventional home. If you have an energy efficient home, a 2 kilowatt system would be sufficient and this can cost $16,000 to $20,000. A small solar energy system that can produce around 1 kilowatt and satisfy the needs of an average house could cost you $10,000 to $15,000. The prices vary because of the building, type of equipment, system configuration and many other factors.
You can prepare to spend between $100,000 and $200,000 or even more if you want to remodel a conventional home that is not energy-efficient to use all-solar units such as electricity, water, heat and lights. In general, it will cost a lot less for you to install a solar system inside a new home instead of remodeling an old one. It might be more practical to add a solar system when replacing a roof. The best way to get the most accurate and up to date information for solar panels cost would be to check with the experts at solar panel or green energy companies.