Full home solar system cost
Get rid of your electricity bills and harness the power of the sun with a full home solar system at an affordable cost.
Going solar is a great way to reduce your carbon footprint and save money on your energy bills. With the increasing popularity of solar energy, many homeowners are considering installing a full home solar system. However, one of the major concerns for most people is the cost. In this article, we will explore the factors that determine the cost of a full home solar system and provide an estimate of the average cost.
The cost of a full home solar system depends on various factors such as the size of the system, the type of solar panels, the quality of the components, the installation costs, and any additional features or upgrades you may choose.
The size of the system is determined by your energy consumption, which is based on factors such as the size of your home, the number of occupants, and the appliances and devices you use. A larger system will generate more electricity but also comes with a higher cost.
The type of solar panels you choose also affects the cost. There are three main types of solar panels: monocrystalline, polycrystalline, and thin film. Monocrystalline panels are the most efficient and durable but also the most expensive. Polycrystalline panels are less efficient but more affordable, while thin film panels are the least efficient but the cheapest option.
The quality of the components used in the solar system is another factor that impacts the cost. Higher quality components such as inverters, mounting structures, and wiring can increase the upfront cost but may lead to better performance and longevity of the system.
Installation costs can vary depending on the complexity of the installation and the location of your home. If your roof requires significant modifications or if you live in an area with strict regulations or difficult terrain, the installation costs may be higher.
Additional features or upgrades can also add to the overall cost. For example, if you want to include a battery storage system to store excess energy for use during cloudy days or power outages, you will have to account for the cost of the batteries and the additional installation.
Now, let's talk about the average cost of a full home solar system. According to the US Department of Energy, the average cost of a residential solar system in 2020 was around $2.71 per watt. Considering an average system size of 6 kilowatts (kW), the total cost would be approximately $16,260.
It is important to note that this cost is before any available tax incentives or rebates. Many federal, state, and local governments offer incentives to encourage homeowners to go solar. These incentives can significantly reduce the upfront cost of a solar system. Additionally, some utility companies offer net metering programs, allowing homeowners to sell excess energy back to the grid, further reducing the payback period.
Another important aspect to consider when calculating the cost of a solar system is the long-term savings. Although the upfront cost can be substantial, solar systems typically pay for themselves within 5 to 10 years through energy savings. Over the lifetime of the system, which is typically 25 to 30 years, homeowners can save thousands of dollars on their electricity bills.
To get an accurate cost estimate for your specific circumstances, it is recommended to consult with solar installation companies. They can provide you with a detailed quote based on your energy consumption, location, and preferences.
In conclusion, the cost of a full home solar system can vary depending on several factors. On average, a 6 kW system may cost around $16,260 before any incentives or rebates. However, it is crucial to consider the long-term savings and the positive environmental impact of going solar. With the availability of incentives and decreasing installation costs, installing a full home solar system is becoming an increasingly viable and cost-effective option for homeowners.