Cost of Solar Power

Cost of Solar Power

Many people ask the question of, "is solar energy expensive?" Solar Energy is a growing industry and as the demand becomes greater, the cost of solar energy products recedes. Over the past 30 years, the cost of solar products has decreased by 80%. This shows the public consumer’s demand for solar is increasing. Thanks to Solar Systems USA’s direct manufacturer relationships, we have some of the best prices in the market. We are answering your question of is solar energy expensive with, "Not at Solar Systems USA!". However, the savings does not stop here. A federal rebate program rewards a 30% payback on the total cost of your solar energy system. If the local rebates and incentives programs your solar energy system almost pays for itself. View a few scenarios below:

Cost of Solar Power

Number of PV Panels (235 Watt) 4 6 8 10 12 14 18 24 28
Roof Space Required (Sq. Ft) 77 115.5 154 192.5 231 269.5 346.5 462 539
System Size (KW) 1 1.5 2 2.5 3 3.5 4.5 6 7
Avg. Monthly Power Produced (KWh) 128 192 256 320 384 448 576 768 896
Gross System Cost @ $2.50/watt (USD) $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $9,000 $12,000 $14,000
Federal Tax Credit 30% 30% 30% 30% 30% 30% 30% 30% 30%
State Tax Credit 35% 35% 35% 35% 35% 35% 35% 35% 35%
Utility Rebate/Credit $423 $634 $846 $1,057 $1,269 $1,480 $1,903 $2,358 $2,960
Total Net System Cost $210 $315 $420 $525 $630 $735 $945 $1,260 $1,470
Average Annual Savings (USD) $152.28 $228.42 $304.56 $380.70 $456.84 $532.98 $685.26 $913.33 $1,065.55
Total Savings in 10 Years (USD) $1,522.80 $2,284.20 $3,045.60 $3,807 $4,568.40 $5,329.80 $6,852.60 $9,135.99 $10,658.66
Total Lifetime(40 Years) Savings (USD) $6,091.20 $9,136.80 $12,182.40 $15,228 $18,273.60 $21,319.20 $27,410.40 $36,546.00 $42,637.00

All numbers are estimations, actual result may vary based on specific site conditions and state/utility rebates.

See how much the cost of solar power is for you and how much you will save with a free solar proposal