Are you someone who is interested in installing new solar panels? Do you wish to save electricity bills by having solar panels fitted on the roof of your home? If your answer to these two questions is yes, then you have found yourself coming to the right article.
Here we will be taking a look at how much money you would need to invest when installing new solar panels. So without further ado, let’s dive in.
Many people out there have installed solar panels in their homes as they have found that it not only helps them save a tremendous amount of money but is also good for other purposes. By having a solar panel, you ensure that you always have a backup in case the main electrical supply gets faulty.
Now you may be wondering what exactly the cost of solar panels is. Well, it must be kept in mind that solar panels have varying prices depending on their quality, materials used, and features.
However, an estimate of installing solar panels would cost you around $ 5000 to $ 25,000. This price fluctuates due to factors such as location, company, the number of solar panels purchased, and much more.
Types of Solar Panels
Although there are many different types of solar panels out there, there are three most common types. Polycrystalline solar panels are less energy-efficient, and so they would cost you around $ 0.90 to $ 1 per watt.
If you are planning to buy a 6 kilowatt of solar panel, then you can expect around $6000. Thin film solar panels, on the other hand, cost between $1-1.50 as they are highly efficient energy storage.
They can cost you around $7000 to $9000 on 6 kilowatts. The third type, which is monocrystalline, is the most energy-efficient solar panel, and they cost the same as film solar panels, but the prices can fluctuate depending on your location,
Benefits of Solar Panels
I’m sure you might be asking yourself the question; how much does a solar panel save you on average? As we have mentioned before, solar panels have varying prices that reflect their ability to save energy.
Long-term speaking, though, solar panels can save you a tremendous amount of electricity. If you reside in an area where there is strong sunlight for more than 12 to 14 hours, then you can save lots of money on your electricity bill as the solar panel will be able to store light energy and convert it into electrical and chemical energy.
The working of a solar panel is quite an easy one. When the sun rays from sunlight shine on a solar panel, the energy are absorbed by the PV cells in the panels. This energy in them creates a series of electrical charges that move in the direction given by the internal electrical field.
When electricity flows through the panels, it gets stored until it is needed. Overall though, getting four solar panels is ideal as you could save more than 80% on the bill; not just that, but the 4 Solar Estimates are also a reasonable price.
So that is all when it comes to knowing about the cost of installing four solar panels in your home. Although the investment may seem high, the benefits of it all are long-term.