Explore the Solar Industry and Solar Energy Cost

Solar energy is a free, clean and renewable resource. However, in order to harness and generate it into usable electricity, homeowners must install a home solar power system. The popular assumption about solar panels is that they’re too expensive and aren’t worth the long-term investment. However, the solar industry is growing rapidly and solar panels are more affordable and accessible for residents across the country. The Solar Energy Industries Association (SEIA) recorded 645,000 homes and businesses that have already gone solar since 2014. Also, the SEIA predicts the country’s solar capacity will double in the next two years. It’s important to remember that even if you live in a historically overcast area, you still can benefit from solar panels on your home. As a homeowner, you should take advantage of this green and growing energy source!

What is the cost of solar energy?

The Clean Energy States Alliance (CESA) explains that home solar photovoltaic (PV) systems have significantly decreased in price; however, the system’s size is a main determinant of its overall cost. With that being said, the Energy Information Administration (EIA) states that a residential system that’s sized between 4 kW and 8 kW can cost somewhere between $15,000 and $30,000. An average sized PV system is about 5 kW and could cost about $32,000, according to the EIA.

Although this is true, you might have access to federal, state or local incentives that will drastically decrease overall solar energy cost. When you begin your search for any solar rebate offers, keep in mind that they can also vary among states across the country. If you’re looking for the most up-to-date information about the current state incentives that are available, visit DSIRE to learn more about the specifics. A home solar power system is a large investment, but a solar power rebate might be able to cover up to 30% of your system’s cost!

Find a solar solution with SolarEnergyPlans.net

With the decreased cost of solar energy, now is the perfect time to find a solar power system for your home. We’d be happy to answer any of your questions and guide you toward the right energy choice for your lifestyle. Call us today and talk with a solar representative!

Source: www.seia.org; www.eia.gov. Updated: 9-10-15.