Home Solar Panels Cost – A Complete Breakdown

How much does home solar panels cost? A lot of home owners that are considering [tag-tec]renewable energy source[/tag-tec] may be asking this question. But before you install a solar power system for your home, you should consider the overall energy needs of your household.

Do yo want to use a battery bank to store the power generated? How many electrical components or appliances do you want to be powered with renewable energy? Depending on your budget, many specialist contractors will offer a complete package to meet your needs.

The reality is, the initial investment for home solar power system is expensive. This is because the semi-conductor material used to make solar panels are expensive. Back in 2005, home solar panels cost averaged at $3 – $4 per watt. The cost will reduce though as manufacturers find better ways to lower production cost.

There are numerous factors that influence the final costing of a home solar power system. The bulk of the cost will be in the Photovoltaic (PV) modules. When you are given a quote by the solar power contractor, about 70 percent of the cost will be the PV modules.

Next is the labor cost. Installing the solar panels can be labor intensive. Hence about 10 percent of the budget is for manpower. The other 20 percent of the budget will be used for the power inverter, batteries, PV mounts, cabling etc.

Here’s some generic [tag-tec]home solar panels[/tag-tec] costing. A small solar power system with a single PV module that generates approximately 75 watts can cost about $900 to install. If you want a bigger system, a 2 kilo-watt setup that will meet most of your home energy needs can cost from $16,000 – $20,000 to installed.

Despite the high initial investment, a residential solar power system can reduce your overall energy cost over a time frame. Not to mentioned the added value to your home. In addition, you may also be eligible for government grants to buy the solar panels.

As an alternative, you can always build your own home solar power system via a Do It Yourself (DIY) approach. For this to work, you will need a good step-by-step home solar power guide.

Home Solar And Wind Power Videos

Do you want to know how you can use solar modules or wind generator to reduce your home energy consumption? If you do, check out the 30 solar and wind power for home videos e-book we’ve compiled. It’s free to download.

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