Solar installation costs can vary greatly depending on a number of factors. Understanding these key influences can help prospective solar users make informed decisions about their potential investment.
One of the most significant factors affecting solar installation costs is the size and capacity of the system you choose to install. The larger your solar panel system, the more expensive it will be due to increased material costs and labor required for installation. However, a bigger system also produces more energy which could lead to higher savings in electricity bills over time.
The type and quality of your panels are another important determinant in cost. High-efficiency panels generally cost more than standard ones but they generate more electricity per square foot which means you need fewer panels overall. This factor becomes crucial if your roof space is limited or partially shaded.
Geographical location also impacts pricing as it determines how much sunlight your panels will receive throughout the year. Areas with high levels of sunshine such as Arizona or California may require fewer panels compared to states like Washington or Oregon that have less sun exposure.
Installation complexity plays an integral role too in determining cost. If your roof is steep, old, or made from materials Bright Home Energy that are difficult to work with, this could increase labor costs significantly as extra safety measures would be needed during installation.
Incentives and rebates offered by federal, state and local governments can dramatically reduce initial outlay for solar systems making them much more affordable for homeowners. For instance, there’s a federal tax credit that allows homeowners to deduct 26% off their total solar costs from their federal taxes until 2022 when it drops down incrementally each year thereafter until completely phased out by 2024.
Lastly but certainly not least is the choice between buying outright versus leasing or obtaining a power purchase agreement (PPA). Buying outright typically involves higher upfront costs but offers greater long-term savings while leasing requires no upfront payment but includes ongoing monthly charges over a contract period usually lasting 20 years.
Each of these factors plays a role in the overall cost of solar installation. Homeowners interested in going solar should consider all these aspects carefully and consult with professional installers to get accurate quotes for their specific circumstances. By doing so, they can ensure that they’re getting the most efficient system at the best possible price, ultimately maximizing their return on investment.
Bright Home Energy
2302 W Wagoner Rd, Phoenix, AZ 85027
480-780-2199