3/12/2021 0 Comments Solar Installation Cost - Factors That Determine the Cost of Installing Solar PanelsWith the ever increasing prices of fossil fuels and the desire to help our environment and save our civilization from destruction we are seeing a surge in solar installation cost. However, solar installation cost is just a fraction of what it will cost to replace fossil fuels. The question many people have is, Will solar power to be cost effective in the future? The answer is yes and no. Yes, it will be cost effective as long as we use clean solar technology with efficient batteries that get all the energy needed from the sun and store it efficiently so that it can be used at home or on-grid when needed, and no it will not be tax deductible.
The average Blue Raven Solar system installed on an average American house is a 5kW solar system. For tax purposes, the tax credit a homeowner receives depends on the energy consumption in each month. For today, the tax credit is $6.25 per watt-hours of energy. So let us take the total number of hours in a year to determine the tax credit. If multiply 5,000 hours by $6.25, you get the equivalent in tax credits per year. However, if you want to install solar installation cost is something to consider. For the roof alone the cost of installing and maintaining a solar array can top $7 million. This is because you need to install the solar panels on the roof, which requires permits and insulation. Then the batteries must be installed, which may require holes in the roof, and then the cables to connect the arrays and batteries. For those who are on a budget, there are less expensive options for adding solar electricity to the home. You can add solar electricity to the electric company's grid and bypass the need to have the system connected to the home. Connecting to the grid allows you to receive the benefits of the free or lower cost electricity and still have enough in reserve for unexpected expenses such as a cut in utility service. Connecting to the grid also provides a backup energy source in case the sun does not shine as much in your area. This is helpful if your solar installation cost goes out for the day. If you have a backup generator, you will be able to operate your home normally without worrying about losing power to the electrical company. Click this link to find the solar panel installation cost now! As mentioned earlier, rooftop solar panel installation costs vary greatly depending on the size and manufacturer. You should shop around to find the lowest prices. Prices do vary from store to store, so price comparison shopping is important. Another option is to find a reputable online store that will allow you to compare different online stores to find the best overall price. When it comes to solar panel system installation costs, there are many factors that will determine the final cost. You must factor in the cost of the materials, labor to install the system, and the cost of the electricity itself. Installing electricity is one thing. Installing and maintaining solar panels is quite another. It requires a lot of work, but the end result will greatly benefit you and your family for many years to come. To understand more about this topic, it is wise to check out this post: https://en.wikipedia.org/wiki/Solar_power.
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