If you’re shopping for a solar energy system, one of your first questions is probably, “how much will it cost?” Prices depend on the size of your system, the type of equipment you choose, and the state that you live in, but reviewing prices for a 25 kilowatt (kW) system is a great place to start for many smaller homes. Learn more about how much a 25 kW solar system costs, how much electricity a 25 kW system will produce, and the smartest way to shop for solar.
How much does a 25 kW solar system cost in 2017?
As of January 2017, the average cost of solar in the U.S. is $3.16 per watt ($79,000 for a 25 kilowatt system). That means that the total 25 kW solar system cost would be $55,300 after the 30% Federal ITC discount (not factoring in any additional state rebates or incentives).
Its a great time for consumers considering installing solar panel systems in Massachusetts. Solar PV system prices fell over 64% in the past 5 years. It’s figures like this that have analysts from Deutsche Bank reporting that solar is well on its way to beating conventional generation technologies on cost.
In line with this trend, prices for solar panels in Massachusetts are also on the decline. But how can residents of the Bay State make sure that they’re not paying last year’s prices? We’ve identified three things shoppers can do to make sure they get a good deal based on some analysis of price figures from across the state (summarized in the Chart below). Continue reading →
10kW solar systems are among the most popular solar energy system sizes in the country, producing enough electricity to power a home with slightly above-average electricity consumption. How much does a 10kW solar system cost? How much electricity will a 10kW solar system produce? How do you know you’re getting the best deal on a system? These are some of the key questions we will answer in this article.
How Much Does a 10kW Solar System Cost?
As of January 2017, the average cost of solar in the U.S. is $3.26 per watt ($32,600 for a 10 kilowatt system). That means that the total cost for a 10kW solar system would be $22,820 after the 30% Federal ITC discount (not factoring in any additional state rebates or incentives).
If you have high electricity bills, installing a 3,000 watt (3 kilowatt) solar energy system on your home can be a great way to significantly reduce your monthly costs. In order to maximize your long-term solar savings, you want to be confident that you’re getting a good price for your solar energy investment. The best way to feel confident about your purchase: compare multiple offers for 3 kW solar systems against the prices that other solar shoppers in your area have been offered. Learn more about the cost of a 3 kW solar system in your area, the amount of electricity you can expect your 3 kW system to produce, and the smartest way to shop for solar in EnergySage’s guide to 3 kW solar panel systems.
How much does a 3kW solar system cost in 2017?
As of January 2017, the average cost of solar in the U.S. is $3.26 per watt ($9,780 for a 3 kilowatt solar system). That means that the total cost for a 3,000 watt (3kW) solar system would be $6,846 after the 30% Federal ITC discount (not factoring in any additional state rebates or incentives).
In 2016, rooftop solar installations increased by a whopping 95 percent in the United States, and the trend is continuing in 2017. There are a few concentrated areas of the country where the rate of growth is particularly dramatic. Over the past decade, the Northeast has become one of the most popular areas for solar energy in the U.S. thanks to major solar incentives and a need to combat rising electricity costs. Massachusetts is the top state for solar in the region, with the summer destination of Cape Cod is particularly popular for solar installations. In fact, on the EnergySage Solar Marketplace Cape Cod registered nearly 10% of all consumer activity in Massachusetts in 2016. In this article, we’ll break down the different ways a homeowner can go solar on the Cape and what they should expect for cost, savings and quality of equipment.
Massachusetts has always been one of the best states for solar. Not only does the Bay State have the high electricity rates that lead to a short payback period for your solar investment – it also has a history of having strong solar incentives for property owners looking to own a solar panel system.
It was a big week for the solar industry that saw a number of milestones around growth and political support. The bipartisan lobbying for solar and wind, solar’s overthrow of the coal industry and a new 100% renewable goal for California has solar stakeholders buzzing in this week’s Solar News Report.
What You Should Know About Solar Energy: Costs Are Going Down
If you’re considering whether going solar is a worthwhile financial move for your home, there are essentially two factors that you should look at: 1) the costs associated with solar power, and 2) the rates you pay for electricity from your utility. Going solar makes economic sense when solar electricity costs less than grid electricity.
As for solar, it is clear that costs are coming down. Rooftop solar panels are now more affordable and accessible than ever. This is why more and more households are having solar energy systems installed: going solar is a great way to reduce your power bills.
But what about the future cost of grid electricity? If electricity rates are going up, then of course going solar makes sense. As you’re probably aware, however, utility electricity rates fluctuate seasonally and annually. “What if utility electricity rates go down instead of up?” you might be asking yourself. Would it still be worth it for you to go solar? This article seeks to address this question and put to rest any idea that grid electricity rates could be going down. Continue reading →
If you’re shopping for a solar energy system, one of your first questions is probably, “how much will it cost?” Prices depend on the size of your system, the type of equipment you choose, and the state that you live in, but reviewing prices for a 20 kilowatt (kW) system is a great place to start for many smaller homes. Learn more about how much a 20 kW solar system costs, how much electricity a 20 kW system will produce, and the smartest way to shop for solar.
In addition to California, the new study investigates home pricing trends Connecticut, Florida, Massachusetts, Maryland, North Carolina, New York and Pennsylvania by analyzing the sales of over 20,000 homes in these states. LBL’s analysis of the housing markets in these other states shows that the premium paid for homes with solar is not a phenomenon isolated to the Golden State. The clear takeaway: solar panels really do add value to a home.
If you are thinking about purchasing a solar system for your home, the study’s conclusions should give you a boost of confidence that you are making a smart investment. LBL finds that homes with solar panels will benefit from a ‘solar premium’ when they are sold because buyers are willing to pay more for a home with solar panels. Continue reading →