The Cost of Installing a Solar Panel
The sun is a powerful energy source. If only we could harness all of its energy, there would not be a need for other energy sources. While it is currently impossible to even collect a fraction of this energy, installing solar panels will make a huge impact on the environment. However, solar installation has been criticized because of its cost. But it is not that costly considering its long-term benefits. If you’re bothered about the cost, you need to read this article. Learn the cost of installing solar panels in your property by reading below!
Cost Per Watt
The average cost of installing residential solar panels is around $2.53 to $3.15 per watt. Most homeowners usually spend $2.70 per watt. This is the average cost before tax credits or incentives. For larger commercial solar panel installations, you might only need to shell out about $1.83 per watt on average.
Cost Per Square Foot
When it comes to square foot costing, expect to pay between $4 to $10 per square foot. For a 1,000 square foot home, you can expect to pay around $4,760 – $5,950. You would have to prepare about $14,280 – $17,850 if you live in a 3,000 square foot house.
Cost Per Panel
On average, a single solar panel will cost you about $112 to $450. This is the cost for a 150 to a 300-watt solar panel. The cost, however, still depends on many factors. It includes the type and size of the panel, brand, and energy-efficiency rating. For solar installers that buy in bulk, they usually spend $0.75 per watt on average. For regular homeowners, you might have to shell out $1 per watt. This means you can probably save more if you hire a professional solar installer than taking the DIY route.
When you need a contractor that can provide you with a high-quality solar installation service in Los Angeles, CA, we got you covered. At Best Solar Company Los Angeles, we can work with your budget and preferences. You may call us at (323) 814-3525 for inquiries!