We often get asked how much it would cost to install enough photovoltaic (PV) solar panels on a house or business building to generate one’s own electrical energy.
There are web sites to help with this, and Solar Power Authority even has a free solar calculator and quote tools, but they can be confusing unless you’re a technologist — so I’ve developed some simple guidelines (below) that will help put cost in perspective.
On average the total cost of solar installation can be between $15,000 to $29,000 for average sized systems sized between 4kW and 8kW.2 ADS solar lets you get started for as little as $0 down and helps you lower your electric bill. If you want to own your system, we do that too. If you choose to buy your system, the graph shows an average breakdown of costs of a Residential Solar Panel Installation.
Your home solar power system doesn’t have to cost a lot. When you choose a solar lease you can get your solar panel installation costs down to $0. We take care of the equipment costs, installation, permits, and we’ll even protect your system for 20 years. All you pay for is the solar energy, and save money on your electric bill each month. Here’s how it works:
Did you know that solar power already costs less than grid power in 10 states? That translates into big savings on your utility bill. Here’s why it’s happening:
Despite temporary drops in the price of oil and natural gas, utility companies continue to increase electric rates.3 Over time, fossil fuels will continue to be limited, further driving the costs up.
The Cost Of Solar Panels is falling, down almost 100 percent since 1977 (see chart) and more than 50% since 2007 alone.4
Installation costs are falling as well, as more solar providers enter the market to meet growing demand.