Can I afford solar panels? This is one of the questions commonly asked to us by friends who are curious about switching to solar power. We all already know about the many benefits of using solar, not to mention how this green form of energy is helpful to the environment. But we all also know that they can be quite expensive. And so many people don’t even attempt calling a solar contractor because they believe they can’t afford it in the first place.
First of all, it’s good to remember that solar panels are great investments for your home. Aside from helping you reduce energy costs, it is an investment that pays for itself. Also, the value of your real estate increases when you install solar panels. So if you’re just trying to cut costs that’s why you have not been considering solar panel installation, then you might not have realized that you can cut larger costs when you already have solar.
Solar Panel Installation Cost
Why are solar panels expensive? It’s good to know though that you can find companies that offer cheap solar panel installation. You just have to make sure that they’re using high-quality materials and they’re licensed solar installers to ensure that your money is well spent.
The cost of installing solar panels varies depending on the company you’re working with. In Florida where solar power is very popular because of the sunny weather most of the year, EnergySage mentions that the average solar panel cost would be $2.65/W as of March 2021. This means that an average solar installation in the state would range between $11,000 and $15,000 or more.
That looks like a big number, right? However, there are also financial institutions that are more than willing to loan money for solar installations. Also, you can get some incentives and credits from the government. Speak to a solar contractor in your area and look at your options. Can I afford solar panels? Perhaps you can. All you have to do is ask them for a quote.