2021 Costs to Going Solar

2021 Costs to Going Solar

With the cost of solar panels dropping and the government offering more incentives, this might be the best time for solar companies in Florida to fetch in more clients. 

The energy savings realized from solar panels for households and companies make going solar a worthwhile investment for many. Here are a few things you should know before going solar in 2021.

How does solar work?

Generally, solar works by having solar panels convert the rays and heat from the sun into electricity. Solar can generate electricity through two main technologies;

Photovoltaic’s Basics

Most solar panels have photovoltaic cells in them. When the sun rays get to the solar panels, these cells absorb that heat. In return, an electric charge comes into effect, and after that an electric field is generated, which later becomes electricity.

However, this has to be converted further or sent to the national grid. This is where the inverter comes in. The inverter is used to convert the direct current from your solar to Alternating Current fit for home consumption.

This electricity is later directed to your switchboard so that it’s distributed evenly among your appliances.

Thermal power basics

It involves mirrors spread out in a field or rooftops used to harvest the sun’s heat. This technology uses a similar channel to the photovoltaic process, only there is no need to transform the electricity generated into Alternating Current (AC).

The electricity is stored for future use or injected into the national grid to be supplied to households.

How much does it cost?

Per Solar, installation rates for 10kW in the United States typically range from $17,000 to $24,000 exclusive of the tax rate, and on average, the price/watt for solar panels is $2.40 to $3.22. There also different factors that might influence the cost of solar:

Does the size of the panel matter in the overall cost?

Even though the initial price for purchasing the solar panels might be higher, your chances of recovering your investment are higher. Bigger solar panel systems come with more cost for the installation process.

But, you’re guaranteed to generate more electricity and make more savings on your electricity cost. After the tax credit, the amount you end up spending is a bit lower for independent contractor taxes guide.

Does the cost of solar vary with the state?

The warmer parts of the United States, such as Florida, are likely to enjoy lower kW/hr than colder areas.

This is because those who reside in warmer areas are likely to install bigger solar panel systems than those in cold areas. The overall cost charged for bigger solar panels is always less.

Solar cost based on brand

The cost of solar might also end up varying based on the brand. Brands that sell SunPower quality panels are more expensive than other brands. This is because SunPower is widely known to have the most efficient and powerful panels.

For the best and most reliable DIY services, you should get the best company for the job. Be sure to do your research before choosing a company.

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