Understanding the Cost of Solar Panels

Understanding the Cost of Solar Panels

Ever wonder what you’re paying for when it comes to a solar panel system? Learn how your final price for solar is calculated and what your quote includes.

The price you’re quoted is for a turnkey solar energy system. This includes everything needed to install solar panels on your roof, such as panels and other hardware, labor to install, permits and paperwork, and the installer’s business expenses.

In terms of the hardware, it depends on how big of a system you install, and what quality of equipment you use. You also have to pay for the labor needed to design and install your solar panel system. It may cost you more to install if you have a tall building or a complicated roof. The costs of permits and paperwork will depend on what your town and utility requires.

Your solar installer also has business expenses they need to cover, like the costs of running their office or finding new customers, and some of those expenses are factored into your price. If you have to do any landscaping or electrical work, that can also be included.

The good news is that there are incentives and rebates available for installing solar, including a 30 percent tax credit from the federal government. Installers will help you understand and access any additional local rebates and incentives.

As you are considering solar, it’s important that you consider multiple options before making a final decision. The EnergySage Solar Marketplace is the best way to ensure you’re paying a fair price for the right quality system.

Resources:

Solar calculator:
Cost of solar panel installation:
Solar panel costs calculation:
Solar rebates and incentives: