The Cost of Whole House Solar Power Systems
The total cost of whole house solar power systems can range from $7,500 to $18,000, depending on the number of panels and the wattage of each panel. For example, if you’d like to use a 600-watt system, you’ll pay more for the panels, but you will generate more energy. And since solar panels have a lifespan of 25 years, you can expect to get around twenty years of power from them.
Off-grid solar power costs $2.50 per watt
If you’re a first-time solar homeowner, you’re probably wondering if it’s worth it to go for this option. The answer is a resounding yes! In fact, it’s possible to save more than $2.50 per watt, and it’s not hard to achieve, especially if you choose the right equipment. And if you’re a DIY-er, you can save even more money by utilizing local incentives.
Ground-mounted solar panels cost more
Rooftop solar systems may be permitted under local permits, while ground-mounted solar panels may require an application to the local government for a new use. There are many pros and cons to both types of systems, so choose wisely.
Grid-tied solar power costs more
It’s true that grid-tied solar power costs more than a standalone system. But this price increase is minimal compared to the tax credits and other incentives that are available to grid-tied solar owners. You can also expect to save money in the long run, thanks to net metering, which lets you offset utility bills when you’re not using your system. But the truth is that grid-tied solar power is not the only option available to you.
Government subsidies
There are a number of government incentives available for installing whole house solar power systems. Some states offer tax credits, while others offer rebates. Check with your local utility to see what incentives they offer. These incentives may be worth checking out if you have plans to install solar power on your home. The following are some examples of government incentives for whole house solar power systems. Listed below are the most popular ones. You can find out more by visiting the website below.
Inverter costs
The cost of installing a whole house solar system is relatively low compared to other parts of the system, including the inverter. The average inverter costs $0.18 to $0.20 per watt, and installation costs average around $16,400 for a typical 5.6 kilowatt system. The inverter alone accounts for 6% of the total installation cost. Choosing a smaller inverter with a lower incremental cost is more cost effective, as the cost of installing a larger system would increase dramatically.