Solar panels are the best investment one can make. But the real concern is the cost of solar panels. At some point of time you must have came across questions like how much do solar panels cost really? Manufacturing process for individual solar panels requires a great deal of specialized materials and engineering. As the production cost is expensive which leads to higher prices for customers.
The cost of solar panels depend on various factors. Some of these factors which determines the solar panels cost are listed below. Read them carefully as they will help you make a smart decision for life time.
1. The solar panels cost varies according to your home size, roof area available and the amount of energy required by your home. However the cost of solar panels are falling rapidly now days due to falling demand and increased inventories. It is the best time to reap the benefits of this valuable source.
2. The cost of solar panels were around 30,000$ for a complete system. But you can get the same panels now for just above 15,500$. The Federal Government and few state government provides 30% rebate on solar panels cost. This is due to the fact that you are taking pains to save the environment and non renewable resources.
3. The brand of the company and the amount of electrical power generated also determines the cost of solar panels. You might need to pay between 5$ to 15$ per watt and the full price could vary from 70$ to 1,000$. The panels are usually installed at roof and generate up to 200 watts of power per panel in the presence of sunlight. An array of solar panels are attached together to build a huge system. You can generate up to 1,000 watts of electrical power with a system of 5 panels which constitute 10% to 15% of energy consumption in a typical house per year.
4. Buying a new solar panel system could be a costly affair for you. Find used and cheap solar panels, they are good and works well too. But it takes quite a effort to find efficient used solar panels. Because the efficiency of a panel goes on falling over a period of time.
The good news about solar panels cost
The innovations in the field of alternative energy have lead to many DIY (DO IT YOURSELF) guides present in the market today. You can build your own solar panels by using these guides. The cost of solar panels will not get more than 200$.
The solar panels cost around 25,000$ - $40,000$, if you get them with the help of professionals. However the cost of solar panels could be brought down drastically to 200$ if you wish to do it applying your own DIY route.
To know about the best DIY guide available Click here...
Solar Panels Cost - The Actual Cost Of Solar Panels
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