Solar power is a clean and safe source of energy that is harnessed from the sun. Using solar PV energy is widely advocated for since it is renewable, reliable, and sustainable. It has a low environmental impact relative to fossil fuels.
Installing solar panels in California is highly effective, considering it is one of the sunniest states in America. Most people tend to ask about the installation process because they want to know how much it costs. Below is a simple guide on how much you need to spend to set up and run solar panels on your home.
1) Installation Cost
Solar electric system costs vary depending on the capacity of the system and the manufacturers pricing for material such as panels and inverters. If you are installing this system in your home, you will require an average PV size system. A house needs about 4kW of power, so the average cost of installing a solar system ranges from $13,000- $20,000 without the solar tax credit. You can get a reduction in tax credit or rebates from the state that will reduce the overall installation cost.
Before buying any of this equipment, you should visit different sellers to compare price. There are licensed solar PV companies that handle all the installation requirements from sourcing equipment, obtaining a permit to set up the panels. Some contractors have made solar energy set up affordable by offering subsidies and net metering. You can check Sandbar Solar to get the accurate estimate for installing a solar panel in California.
2) Added Expenses
Installing a solar panel in your property requires a permit and inspections by the state. There is a standard fee charged to obtain the license. Failure to get the license might result in paying hefty fines or removing the panels. It is ideal to pay for the license and conform to the current solar panel regulations in California.
Another cost to have in mind is the labor costs to install the panels on your premise. DIY installation might sound cheaper, but hiring a professional will save you from setting up mistakes and injuries. You should hire an electrician to set up the PV system since they have installation knowledge and experience. The payment for installation will depend on the size of the system, roof penetration, and contractor charges.
3) Return on Investment (ROI)
Investing in solar energy can save you on high power bills that keep growing by the day. Setting up solar panels enable you to spend less by using natural energy to power your home. You will save a lot because your home gates an average of 7 hours of direct sunlight and the cost of local electricity is high.
If you spend $13,500 to install your solar system, in 20 years, you will save $50,000 on electricity usage. This amount is a high ROI and a valid reason to set up a solar panel in your home. Moreover, solar panels are long-lasting, and they require minimal maintenance.