The Real Cost Of Solar Panels

Considering solar panels to power your home? Want to know how much it will really costs

?

Depending on your plans and goals, there are different types of solar panels, with differing costs.

Water heating solar panels are the least expensive.

Air heating solar panels are mid-range in cost.

Photovoltaic solar panels for electricity are the most expensive type.

To compare, a solar panel system could be used to generate the energy needed to power a water heater for a small apartment. The estimated cost for these solar panels would be $100 to $3,500. To heat water for a larger townhouse with a swimming pool, the cost would be from $3,500 to $7,000. And for a detached, full sized home, about 2500 square feet, the cost would be from $7,000 $10,000.

A solar panel system for heating air costs more, from $500 for the small apartment to $25,000 for the full sized home; and photovoltaic solar panels needed to generate electricity are estimated to cost from $10,000 to $25,000. And if you want to power everything water heater, air heat and all electricity you'd be looking at a solar panel cost of $175,000 for a full sized house with swimming pool.

An important determination is to know exactly how much energy you really use. Not necessarily what you are using today, but what you truly need. The more energy you produce, the more solar panels you will need, and the cost for your system will increase accordingly. So when planning your solar panel requirements, be sure to consider where you can cut energy consumption and where you can improve energy efficiency.

There are other financial considerations when planning your solar panel system. Depending upon where you live, you may be eligible for tax credits or even rebates. You will have lower utility bills. And if your solar panel system generates more energy than you consume, you may be able to sell the access to your local utility company. And while the solar power industry is still relatively young, there are used solar panels available at lower costs.

The Real Cost Of Solar Panels

By: Adam Sorenson

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