Whether you’re looking to save thousands on electricity bills, are trying to lower your carbon footprint, or are hoping to become more independent from the electric gird, there are a number of reasons to install a home solar energy system. Today, going solar is an easy and popular way to boost your home’s value and your energy savings, while generating clean energy right at home. In this article, we’ll explain the key things you should know about going solar as a homeowner.
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In 2023, solar panels in the U.S. cost about $20,020 on average down from more than $50,000 10 years ago. In this article, we’ll break down the cost of solar by system size, state, and panel brand, all of which can significantly impact the final number you pay.
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If you’ve gone solar, you’ve already decreased (or possibly eliminated) your electricity bill. But you may want to add more solar panels to your existing system; your solar panel system could be undersized to begin with, or you might have increased your electricity usage since installation due to new additions to your house, new appliances, or adding an electric vehicle (EV) purchase.
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The cost of solar has plummeted in the US over the last five years. With solar prices dropping to an average of $2.77 per Watt for residential solar shoppers, the industry has hit a very important and impressive milestone. However, the cost of solar in the US remains higher than the cost in other countries, most notably Australia. But just how much less expensive is solar in Australia, and is it possible for the US to slash solar costs even further?
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Over the past year, in the face of constant and unprecedented headwinds, ranging from COVID-19 to an unfriendly presidential administration, the solar industry has proved incredibly resilient, with home solar installations growing 7 percent in 2020. But what does 2021 have in store for solar? Will this growth continue? In this article, we look at the three areas that will determine the industry’s fortunes in the coming year: business trends, technology, and government policy.
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It probably doesn’t surprise you to learn that the cost of solar varies by state, but what other factors make a solar panel system more or less expensive? If you’re comparing quotes with your neighbors and notice a big difference in cost, it’s probably due to one of five main factors:
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Many shoppers, especially those using EnergySage, receive all of their initial solar quotes online before ever having a company visit their property. Occasionally, we hear back from customers about instances where they received an original, online quote for one price and, after a site visit from the installation company, the price increased. What happened?
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One of the best resources for tracking trends in the solar industry was just released. The recently published annual Tracking the Sun report from Lawrence Berkeley National Lab (LBNL) describes price and technology trends for distributed solar projects nationally, collecting project-level data from approximately 1.6 million systems through the end of 2018. The latest edition of the report, which is now in its twelfth year, finds that prices for distributed solar power systems continued to fall in 2018, that industry practices continue to evolve, and that systems are getting bigger and more efficient.
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Installing solar panels requires electrical and construction work. With this type of work comes safety concerns, and as such, your local government and utility company need to ensure that your solar energy system meets specific electrical and building codes before it goes live.
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