The True Cost of Solar Energy

The exact number of American homes with solar power is ambiguous, but studies clearly indicate that solar energy is becoming more and more prevalent. Solar panels were first introduced as early as the beginning of the 19th century. Now, they are present everywhere from churches to even the White House. Perhaps you have thought about getting solar panels yourself, but feel hesitant for reasons of cost. That’s why we’ll be debunking the most common myth, that solar panels are too expensive, in this blog post.

At an average $11,000 to 14,000 cost of installation, solar energy is undoubtedly initially more expensive than traditional methods. However, a federal solar tax credit will cut 30% off the total cost of the installation and even up to 50%, depending on the state you live in. You can check what kind of benefits your state offers you by going here.

These economic benefits don’t even take into account the savings you’ll reap once the solar panels are installed. Although the exact number depends once again, on the state you live in, the Energy Department conducted a study that found solar energy would save money for residents in 45 of 51 states.

If you’re still unsure about making the jump, waiting a few more years might be to your benefit. When solar panels were first made available for commercial use, it cost about $100 per watt (energysage). Now, that number is about $3.05, and will continue to decrease according to investopedia.

Now that you have all the facts, are you ready to invest? Give us a call at 616.643.8287 if you have any more questions about solar panels.