What is the cost for installing a solar power system? We all know that solar panels cost can take up to 50 – 60% of the total solar home cost people have to pay, however the cost of solar panels have been significantly reduced in 2009 and some experts expected the price to go down further this year. The number of solar residential has been increased in some States but some people are still reluctant to follow because they can’t figure out what is the real cost of solar power they have to pay. Many will ask questions like “How much does solar power cost for a 4800 square foot house?”
The answer to this question is actually depends on some factors:
- Where they live
- Total sun hours they get every day
- Total electricity they use every day
- Total solar electricity they want to make with the system
- Solar rebates and tax incentives (if applicable)
- Grid-tied or off grid (with solar batteries) option
We don’t need to 100% substitute the utility power with solar electricity because it really depends on how much money we are willing to spend on the solar electric system in our house. To help you calculate the solar price NREL has an online calculator set up for this purpose. Read the rest of this entry »
