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Is Solar Worth the Cost?

Posted by admin on September 15, 2023
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Is Solar Worth the Cost?

According to Solar-estimate.org, costs can vary depending on the climate where you live, what your local electrical provider charges for service, the type of solar system you install, how many stories your home has, and whether your roof needs repair or replacement before solar installation begins, among other factors.

The national home electricity cost is about 14.96 cents per kilowatt hours (kWh) according to solar energy research. Home solar systems have a national average price of $2.95 per watt of installed capacity, a cost of about $17,700 for a 6-kW solar system that generates 9,000 kWh of energy. Federal energy tax deductions can reduce your expense by about $5,310 to a net cost of $12,390, or about $300 on every $1,000 that you spend. Solar panels can last 25 years or more, saving you an average of $1,346 on annual energy bills.

You can choose solar panels or solar roof tiles to make your home more energy-efficient, but both are expensive. Are either worth the cost? That depends on numerous factors. CleanEnergyAuthority.com explains that while solar panels are an older technology, they can be installed on more existing roof types. Solar roofs are currently more expensive, but experts believe costs will decline in the next few years, and that they’re best employed in new construction or as a total roof replacement.

Last, solar panels or roof tiles can improve the value of your home with a few years of useful life left for the homebuyer.

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