Get Pricing on a New Rooftop Solar Panel Installation
Solar panels are a clean, renewable source of energy that can help you save money on your electricity bills and do your part to help the environment and overturn climate change.
Harness the power of the sun with solar panels from LGCY Power. We provide competitive solar panel pricing for homeowners across the United States looking to go solar. We offer various solar panel options to fit your needs and budget.
The Natural Energy Source
The sun is the most abundant source of renewable energy available, and solar panels are an efficient way to harness that power. Solar panels convert sunlight into electricity that you can use to power your home or business. Solar energy is much better for the environment than traditional forms of energy like coal and natural gas.
Solar panel systems have many advantages over traditional fossil fuel-based energy sources:
- Solar energy is free once you have installed your solar panels.
- Solar panels have no moving parts, so they require very little maintenance.
- You can install solar panel systems on most types of rooftops.
- Solar panels can increase the value of your home or business.
- Solar power is a clean, renewable energy source that doesn’t produce emissions that contribute to climate change.
Average Solar Panels Pricing in 2022
The cost of solar panels has fallen dramatically in recent years, thanks to advancements in technology and increases in efficiency. Solar panels are now more affordable than ever before, making them an excellent option for homeowners and businesses looking to save money on their electricity bills.
As per the Solar Energy Industries Association (SEIA), the cost of a residential solar panel system has decreased by more than 60% annually over the past ten years.
The costs of solar panels vary depending on the size and type of system you need, as well as the incentives and rebates available in your state or utility company’s service territory. However, with the falling cost of solar panels and the increasing availability of solar incentives, going solar is a smart investment for homeowners and businesses across the United States.
Factors Affecting the Cost of Solar Panels
The costs of solar panels vary depending on the size and type of system you need, as well as the incentives and rebates available in your state or utility company’s service territory.
The Benefits of Going Solar in South Carolina
Pricing solar panels will vary depending on the solar company you choose to install your system. Aside from the solar panels’ cost, you will also need to pay for installation, permits, and other costs associated with going solar.
Be sure to get multiple quotes from different solar companies before making a decision. Some solar companies may offer discounts or special financing options that can reduce the overall cost of your system.
The size, weight, and the number of solar panels you need will all affect the cost of your system. The larger and heavier the panels are, the more they will cost to install. The number of panels you need will also affect the price, as you will require more panels to generate enough electricity to power your home or business.
Because of this, it’s vital to consider your total energy consumption, the size of your roof, and the amount of sunlight it receives when choosing the right solar panel system for your needs.
If you install a solar panel system in the United States, you may be eligible for the federal solar tax credit, which allows you to deduct 26% of the cost of your system from your federal taxes. The solar investment tax credit (ITC) is set to decrease to 22% in 2023 and will expire completely in 2024 unless it is renewed by Congress.
In addition to the federal solar tax credit, many states and local governments offer solar incentives that can help offset the cost of installing a solar panel system. These incentives can take the form of tax credits, rebates, and grants, and can significantly reduce the up-front cost of going solar.
To find out what solar incentives are available in your area, visit the Database of State Incentives for Renewables and Efficiency (DSIRE).
The type of solar panels you choose will also affect the cost of your system. Currently, three types of solar panel materials are available in the market, and these are:
- Polycrystalline solar panels: These are made from many small crystals of silicon. They may be less efficient than monocrystalline panels, but this solar power pricing is less expensive.
- Monocrystalline solar panels: This type of panel is constructed from a single, large block of silicon. They are the most efficient type of solar panel but tend to be the most expensive.
Thin-film solar panels: These are made from a thin layer of semiconductor material. They are lightweight, portable, and flexible. They are the least efficient type of solar panel, but they are also the least expensive.
The solar panel manufacturer you choose will also affect the cost of your system. Some manufacturers offer panels with a higher efficiency rating, which means they can generate more electricity per square foot than other panels. However, these panels tend to be more expensive.
Other manufacturers offer lower-cost panels that may not be as efficient, but they can still provide significant savings on your electric bill.
A solar panel’s efficiency rating measures how much electricity it can generate per square foot. The higher the efficiency rating, the more expensive the panel will be. However, you may be able to offset the higher pricing of solar panels with lower installation and maintenance costs.
The location of your solar panel system will also affect the cost. If you live in an area with a lot of sunlight, you may get by with fewer panels. However, if you live in an area with less sunlight, you will need more panels to generate the same amount of electricity.
The angle of your roof will also affect the cost of your system. If your roof is pitched, you may need to purchase special brackets or rails to mount the panels, which will add to your system’s cost.
Are Solar Panels Worth the Cost?
To determine if solar panels are worth the cost, you need to consider the following factors.
Here are the up-sides to adding solar panels:
- Solar panels can save you money on your electric bill.
- Solar panels can increase the value of your home.
- Solar panels can help you avoid blackouts and brownouts.
- Solar panels can provide energy security.
- Solar panels can help reduce your fuel use and carbon footprint.
Here are the potential down-sides to adding solar panels:
- Solar panels can be expensive to purchase outright.
- Solar panels require some level of maintenance.
- Solar panels can be damaged by severe weather.
Overall, solar panels are a great investment. They can save you money on your electric bill, increase the value of your home, and help you reduce your carbon footprint.