Understanding the Costs of a Solar-Panel System


| 8/7/2015 11:12:00 AM


The Cost of a Solar Panel System

While the most expensive part of going solar is paying for the equipment, it still only represents 25 percent of the overall expense. Soft costs, or the outlays that installers spend just trying to find you and appeal to you, also contribute a significant percentage. Here’s a break down of all the costs of going solar, and tips on how you can save money!

In 2010, the National Renewable Energy Lab completed an analysis of the price of solar installation. The Lab broke down the total price of buying a solar energy system for one’s house as related to the total number of watts that the system should produce (a calculation sometimes referred to as the gross cost per watt.) The Lab then went on to break down that per watt cost into smaller subcategories.

We have built upon this analysis, augmented it with data culled from our own network of solar installers and distributors, and broken down the average cost of going solar into six categories.

As with so many things in life, there are some factors you simply can’t control. Fortunately, however, there are a number of ways that you can drive down the costs of your future your solar energy system.



Marketing and Sales: How You Can Help Your Installer Save You Money

Learn About Solar: Installers spend a huge amount of time and money simply trying to educate shoppers about solar energy systems. If you are a solar-interested shopper, you can lower the amount of time your installer needs to spend educating you on the technology by using free public sources of information, such as Department of Energy’s gov website. The more educated you are about your potential installation, the more time you’ll save both you and them.



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