The Department of Energy says that the U.S. solar industry has seen tremendous growth in the last few years. As a result, the cost of solar systems has dropped significantly.

Miller says that, anecdotally, he’s seen the same trend. “We have seen more and more homes with solar,” he says.

Cost of the solar system

Though prices may be dropping, the cost of your solar system will vary depending on the type of system you choose, the size of your system, and your location. Some states have rebates and incentives that reduce the overall cost of solar electricity systems.

In general, the National Renewable Energy Laboratory says a 2-kilowatt system, which should offset the electricity use of an average-sized home, will cost about $8 to $10 per square foot ($16,000 to $20,000 total) before state and federal rebates and incentives.

Maintenance

Solar panels don’t require much maintenance, aside from an occasional cleaning. The price of cleaning should run between $150 and $330, and cleaning should be done on an as-needed basis.

Providing regular cleaning and maintenance to your solar panels may be required if you lease your panels or to keep your warranty current. Read the fine print in your agreement, so you’ll know if cleaning and maintenance is required (even if it’s not, it’s still a good idea!).

Tax credits

The EPA offers tax credits to homeowners who install solar energy systems. Until the end of 2019, that tax credit was 30% of the total cost of your solar system. Beginning in 2020, however, the percentage begins to step down. By the end of 2021, the credit disappears completely.

If you install your solar panels in time to receive the tax credit, you can choose to either deduct the tax credit directly from your tax payment if you owe federal taxes, or deducted it from your taxable income when you file your taxes.

Prime Solar Energy Is Here To Help!

As you consider whether solar panels are a sound investment for your home, make sure you take into account cost, warranty, longevity and overall efficiency, but just know Prime Energy Solar will be here to help guide you thru the process. So the next time you are search solar company near me or solar panels near me, click on the local leader of Solar Polar Installation, click on Prime Energy Solar.