Left to its own devices, solar power is today still too expensive for most homeowners. However, our growing need for fast, reliable and clean energy sources has inspired governments around the world to step in and offer incentives to cover a portion of those costs and to spur innovation that will bring those costs down.
On average, home solar power costs $8-10 per watt installed, though that price is dropping consistently and does not take incentives into account. The truth is that the price of solar is difficult to generalize. In one state, a homeowner may be able to get more than half of their solar power system paid for by utility, state and federal rebates or tax incentives. In another state, however, a homeowner may be left on their own, save for federal tax incentives which apply to everyone.
Most home solar power systems end up costing between $20,000 and $40,000 before incentives, providing a significant portion of the home's electrical needs. That will look expensive to the vast majority of us, but bear in mind two things: One, federal incentives will shave 30 percent off your total at tax time, and two, once the solar power panels are installed, they will start saving a lot of money on your electric bills. In other words, they immediately start working off that initial cost.
Interested in Home Solar Energy?
Fill in your details below and certified solar contractors will give you FREE estimates.
We fell in love with Standard Solar when they did a community presentation. They had already installed a photovoltaic system on one of our neighbor’s house and she was there to describe the process and how their system was doing. Standard Solar made the process easy - they guided us through all the applications and filled out much of the paperwork for us. We're very happy with our decision to go with solar power and Standard Solar.
California Construction center did a really great job for me. They pay a lot attention to customer satisfaction. The guys running the show do a great job planning and organizing, and the crew does a wonderful job executing. All and all, it was a very positive experience and I would happily recommend these guys to others.