We hate paying a high cost for a product when we don't have to. This happens often when we haven't done our homework, or especially on the impulse buy. We head into the buyers market with every intention of finding the lowest price, however, if we haven't researched all of the options available, we might end up in a sad dark place, aka the pit of buyers remorse. In the case of solar panel pricing, the high upfront cost can be daunting, and again, if we don't do our homework, we can end up spending too much money on a poorly priced solar panel system. Even with significant solar panel price declines over the past decade, it still can cost over $10,000 for a full solar panel system. And, if you aren't taking advantage of the 30% federal tax incentive, then you are genuinely shooting yourself in the foot, financially speaking.
However, try not to get to worked up. The price of solar may be moderately high at the moment for many consumers, but with the proper investigation, you will find that even a $10,000 solar panel system will give you significant returns over the long term.
The price keeps dropping, almost daily, and solar panel systems are becoming a possible purchase for the average household. Let's take a look at how the prices of solar panels have changed over the past couple of years.
The cost of solar panels is accounted for through the metric of price per watt, or PPW. This metric is found almost everywhere solar panels are sold, so get familiar with the way this is priced. The solar panel industry is its entity, so don't get confused.
To get yourself the best available price on solar, you have to have a look at the total market, and make comparisons. Last year, the median cost in USD per watt was $2.80.This price fell an unbelievable 61.3% since 2010. A great many of the residentially installed solar panel systems are anywhere between 5 and 10 kW in size. These low-prices solar panel systems also have been ringing up in the $14,000-$28,000 or more range. Through innovation in the market and the increase in demand, we have seen a massive price change for the average consumer. By example, just a few years prior, these same systems would cost almost a third more. If you explore all of these metrics, it becomes apparent that there is no better time in history to get a great price on solar. If you have had a dream of getting a solar panel system for your home, now is the time, let's help you go solar.
If you want to move into the future and join the solar revolution, or if you want to find out what solar panels are right for you, go to HahaSmart.com and try our price checker tool. You can see how much a system will cost, and how much you can save over the next 20 years.
For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles.
Input your address to see if it is solar friendly and how much you can save with solar.
Great. Your address is perfect for solar. Solar incentive is still available. Select monthly utility cost and calculate the size of solar system you will need now.
kw System size | years Payback period | Lifetime savings |
No money down, 100% finance is available.
|
Looking for certified solar installers? Sign up now and we will find them for you. |
Comments