How Much Do Solar Panels Cost?

How much do Solar Panels Cost?

Everybody knows that solar panels are good for our planet as it can produce pollution-free energy from a renewable resource. However, one of the reasons it is not as widely used as it should be is probably its initial set up cost. You may have heard different versions of how much they may cost. A friend of yours may have told you that you can buy one at $100 where a colleague may warn you the cost will go up to $50,000. Therefore, even though you are interested, you may wonder if you are interested in setting up your own system how much is it going to set you back. This article will solve the mystery once and for all.

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Ready made solar panels

Some may start from as low as $50 that will be just enough to run one or a few electrical equipment. Typically, the ready made panels will cost at the rate of $5 to $15 per watt. The increase in cost will be proportionate to the increase in output capacity. For example, to purchase solar panels to produce around 1-kilowatt electrical power, you may need to spend around $10,000.

On top of this there are installation charges. Systems producing 5-kilowatt electricity each month, which should cover all needs of a standard-size house, may cost around $25,000 or even more than that. Therefore, on an average, $25 to $50k has to be spent in order to go solar.

Homemade solar panels

These are way cheaper than the ready made panels. For example, in order to build solar panels that will provide electricity from an entire house can cost you anything between $1000 and $5000 including the price of a DIY kit and installation charges. However, remember, installing solar panels on rooftops may not be an easy task if you do not know much about carpentry or metal works.

Remember that your solar panels need to be really strong in built as it will be exposed to the direct sunlight and it may be quite difficult to imitate the strong structures of a ready made ones. Therefore, consider all pros and cons before deciding anything.

Tired of high electric bills? Discover how thousands of families are using Homemade Solar Power Systems to power their homes!