Solar panel, an electricity system which is also called as solar photovoltaic helps to capture the sun’s rays and generate electricity. This is done by the PV cells which are interconnected to each other to be called as solar panel system. In today’s world, use of solar panel has extensively increased due to its many advantages. Also the government now provides various offers for the solar panel owners to get attracted to install solar panel.
Now, for installation, it requires a cost that is to be borne from the owner of the house to get it installed at the house’ roof. Here, we will discuss how much does solar panels cost to install.
Installation cost of solar panel
Installing cost of solar panel may vary from boundary to boundary. By referring the latest US Solar Market report, it shows that the installation cost of solar panel at residential is $4.72 per watt. However, the common residential installation cost of solar panel ranges from $3 per watt to approximately $7 per watt.
Getting Solar on lease
Here, the installation cost of solar panel is $0 since many of the companies now-a- days provide Solar panel on lease and even through bank loans. In this case, the owner is mostly beneficial as he would save the same amount rather by using electricity and will be able to pay the loan amount easily. This make the customers more attracted towards the installing of solar panel at their home.
Contractors installation cost of solar panel
Also the contractors provide the solar panel and get bucks for it. The contractor’s price varies from person to person. However, before getting installed, the person should contact number of contractors and also discusses it with the person who had previously installed a solar panel at his home. This helps to get the solar panel installed at your home in best price.
Government rebate on installing solar panel
Today, government also provides rebate over installing solar panel. This also reduces the installation cost of solar panel. To get rebate amount, the owner of the solar panel must make proper legal documents of the solar panel from the contractor and should it thoroughly check it to avoid any complications in future.
Hence, before getting installed solar panel the person should check each and every parameter in order to get benefits from installing solar panel at their home.