Price of Solar Panels & Your Cost of Solar
How much does solar energy cost?
An average residential solar system costs between $15,000 – $25,000 after rebates and incentives. Considering that you will probably spend over $72,000 in electrical bills over the next 25 years, this can be a small price to pay. Some companies even offer lease options in which you pay no out-of-pocket expenses for the installation.
The exact cost of your solar system will depend on the government and utility incentives available in your area and the type of solar installation you chose. Using qualified solar energy installers who are familiar with the local incentives and permitting process will ensure that you get the most from your investment.
What about rebates and incentives?
Fortunately, there are large number of tax incentives and rebate programs that can help lower the initial cost of going solar. Please check out our section on solar rebates for a basic overview of the different options out there and for more specific information on the applicable incentives in your area, please visit DSIRE. Please note that the solar installer that you select should be up to date on all of the applicable incentives based on where you live.
If I still can’t afford the up front cost of solar, are there financing options?
Yes, our partners offer a variety of great financing options for the initial installation costs. From home equity loans to leasing arrangements, there are a number of different ways that you can finance a solar system for your home and enjoy the benefits of solar. For an overview, please visit our section on solar financing. In many cases, the monthly payment on any financing will still be less than the amount you are paying on your electric bill.
**Interested in a $0 electrical bill? Click here to get a free solar assessment from pre-certified installers in your area!**