It is no secret that the cost of solar panels has been decreasing and energy bills have been increasing. However, as more people are installing them on their homes, they want to know what the cost for solar panels will be in the future. The short answer? It depends.
If you have a home with an average electric bill of $100 per month and your roof faces south-west then it is possible to save up to $1,000 or more each year by choosing this affordable option!
The long answer would be that there really isn't a set number for how much it costs to install solar panels because there are so many variables involved.
This article will give you an idea of some averages in a few different states and help you get an idea of just exactly how much a home solar panel installation with labor costs could be.
Cost of Solar Panels in Texas
In Texas the cost can range from $14,000-$30,000 but this includes rebates that are available for homeowners with low or no incomes and those who qualify as a veteran.
With these incentives you could save up to 50% on installation costs!
The average savings per year when installed correctly will vary between 20% - 40%.
The tax credits also depend on income level so if you're not eligible for any other programs then expect an even lower break through the years (approximately 14%).
This is due to TX having high electricity rates compared to most states at 16¢ per kilowatt-hour.
Cost of Solar Panels in California
The average cost for solar panel installation in California is about $25,000. This includes lease payments and the electricity production tax credit that ranges from 26% to 50%.
If you don't need a new roof then this could be a good option as it only costs about $16 per month! But if you're looking at installing on an existing home with no room for more roofing boards, your options will have to include removing other windows or adding skylights which can add up quickly too.
For those who live outside of Los Angeles County (and some parts of San Diego) there are rebates available for purchasing and installing residential systems.
The amount varies depending on whether it is an off-grid system or grid tied, and the cost of installation.
The average rebate is approximately $500 for a typical residential system up to 400 watts in size with no battery storage.
Cost of a Solar System in Georgia
In Georgia the cost will depend on your income tax bracket. If you are not within that bracket then it could be as low as $15,000 other wise it could range from $25,000-$30,000!
This also includes any incentives available through various local agencies such as state funded programs like GRID Alternatives Greater Atlanta (GRADA). The average savings per year when installed correctly can vary between 20% - 50%.
If you live outside the city limits, your home's roof must be in good condition and it has to face south-west.
Cost of Solar Panels in Washington
In Washington the cost for solar panel installation is about $16,000 but this includes rebates which can reduce the total to as little as $11,500 and help you save up to 50% on your electric bill!
The average savings when installed correctly will vary between 20%-50%. The only requirement for installing these home solar panels is that they have a south-west facing roof with no skylight or other obstruction blocking sunlight from hitting it. have
an unshaded roof which faces south-west. If your income qualifies then any additional costs could be offset by tax credits too.
For those who live outside Seattle (and some parts of Tacoma), there are rebates available for purchasing and installing home solar systems. The amount varies depending on whether it is an off-grid system or grid tied, and the cost of installation.
Cost of Solar Panels in Kentucky
In Kentucky, you can install home solar panels for as little as $14,000! The average cost of installation will depend on your income level but rebates can help reduce the total to as little as $11,500. The average savings per year when installed correctly will vary between 15%-30%. The only requirement for solar panel installation is that they have a south-west facing roof with no skylight or other obstruction blocking sunlight from hitting it.
Many people who live outside Louisville (and some parts of Lexington) qualify for local government funded programs like KentuckyWired and GRID Alternatives Greater Louisville which could cover assistance in installing home solar panels. Cost of Solar Panels in Alabama
In Alabama, the cost for a residential system will depend on your income level but rebates could help reduce the total to as little as $11,500. The average savings per year when installed correctly will vary between 15%-30%.
Solar panel installation is not restricted by state so all home owners are eligible and can take advantage of incentives that might be available through local agencies such as GRID Alternatives Greater Birmingham or energy efficiency programs like Home STAR if they live outside Hoover (and some parts of Montgomery).
This also includes any incentives available through various local agencies such as state funded programs like GRID Alternatives Greater Atlanta (GRADA).
The only requirement for these systems is that they have a south-west facing roof with no skylight or other obstruction blocking sunlight from hitting it. Cost of Solar Panels in Illinois
In Illinois, the cost for residential home solar panel installation will range between $16,000-$21,500 but rebates could help reduce the total to as little as $11,500 and you can save up to 50% on your electric bill!
The average savings per year when installed correctly will vary between 15%-30%. Solar panel installation is not restricted by state so all home owners are eligible and can take advantage of incentives available through local agencies such as GRID Alternatives Greater Chicago (GAC). These systems also do not require any specific orientation.
To learn how much solar panels would cost you on your home, contact us today and get a free personalized estimate from our solar team.