These numbers reflect the cost of installing solar in the state of New York ($9,856) and California ($10,192), nearly $8,000 below the national average. Some of the lowest costs across the country. It’s no wonder these are the two hottest states in the US right now, with homeowners flocking to solar companies to get solar installed on their homes.
There hasn’t been a better time to install solar, with costs dropping 50% in the last 5 years. What’s even more staggering is that prices for solar panels are 100 times lower than in 1977. If you’re thinking of installing solar panels, now might be the right time.
After installation, a typical solar PV panel residential system here in the United States costs about $3.60/watt, but will yield the average customer well over $20,000 (net) in 20 years. Some states, like California and Nevada, net gains above $30,000, with Hawaii topping the list at over $64,000.
The costs for solar panels have fallen dramatically in the last year, and third-party financing and leases have made switching to solar power even more appealing. You can get options here.
The common myth about solar has always been that it’s too expensive. Not true. Some additional myths about solar energy have also been misguided and not true.
Here they are:
1. Solar energy is unreliable. I’ll wait until technology improves.
– Solar panels typically come with a 25 year warranty and will most likely last longer.
2. It’s hard to maintain.
– Solar energy generally requires no maintenance during its lifetime, 30 years or more. Other than annual cleaning, the panels take care of themselves.
3. Solar isn’t for me.
– If you like saving money, solar is for you. Homeowners will save an average of over $40,000 over the life of a solar system (Clean Power Research)
A solar system is being installed every 4 minutes in the U.S. By 2016, it’s projected to be every 83 seconds.
Looking To Save Up To 50% On Your Electric Bill? Here’s How You Do It:
Step 2: Once you go through a few questions, you will have the opportunity to compare the best quotes in your area and save up to 50% off your electric bill.