Factors to Consider When Calculating a Cost Per Watt Installation
Solar cost of setup has concerned a lot of people for the last couple of years. Most people are looking for ways to cut down their expenses and make savings in their income. A lot of people have even considered going completely off the grid. When you live off the grid, you don’t rely on the electric company for your power, and you don’t have to pay all the added costs that you see their increasing prices with. Many people are interested in learning more about solar panels and how they can save them money as well.
The cost of residential solar panels has decreased dramatically over the past few years. Even during the recession the average cost for residential solar systems was more than one hundred dollars. It now only costs thirty-five dollars for a new system. This is a tremendous amount of money compared to what it was a few years ago. With so many people looking into going solar this means a huge market for any installer trying to make money.
When an energy installation business tries to lower the solar cost of installation they often cut corners. One of the biggest things they do is they try to get the customers to pay more than what they should. Many people think that if they just get a really cheap energy installation they will be able to save a lot of money. This isn’t true. You need to know what the solar panels cost and what you can expect for your money.
The average residential solar system cost depends on a couple of different things. First it depends on the size of the system. Each kilowatt of capacity will require a certain amount of copper wire. Each unit of capacity requires a certain number of solar cells.
Copper wires are very expensive and need to be accounted for when talking about residential solar systems costs. The copper used in solar panels also has some weight so it will make the solar panels much heavier than they actually need to be. The weight of the solar panels will cause them to rust and eventually to break.
Some states have tax credits when it comes to installing solar systems. The federal tax credit is only good for a certain amount of money. The states that have this tax credit will offer a rebate to their residents when they install solar panel systems. Rebates differ from state to state. There are many places you can find information on how much a rebate check is.
When getting solar panels installed, some solar companies may offer a solar lease. The solar lease is very similar to the incentives that you get from the electric company. The solar lease will give the owner of the house the right to use the energy from the solar panels produce. The owner of the house has to sign the contract for the solar system with the solar company. The solar company then collects the monthly payment from the person who is leasing the solar panels.
There are several ways to pay for your new solar panel system. You have to figure out what the installation will cost you, and then you have to figure out what your labor costs will be. The electric company may offer tax credits and rebates, but there are also incentive packages that you can get to help you with your cost per watt costs. You need to do some research before you buy a solar panel system.