Solar System Cost?

March 16, 2018

Solar systems are important when it comes to energy. For starters we live in a solar system, we have the ability to have a solar system attached to our houses that is orbiting in our solar system.
The cost that comes with upgrading your home from traditional energy to clean solar energy is probably the top thing on your mind as you decide whether to make the switch or not. As technology becomes more readily available for Americans, affordability has become more typical in solar system switches throughout the United States. But how much does one in 2018 typically cost?

The Average Solar Panel Cost In 2018, the average gross solar panel cost is $18,840. We calculate this by taking the typical price paid per watt which ranges from $2.71 to $3.57 and the average United States household system size (6,000 watts). This price has fallen by 6.5% when compared to the prices of 2017. It is important to understand that the average cost will always vary per area and availability for anyone looking to get into solar energy. You should contact solar companies in your area for the actual pricing. Many solar companies offer free consultations for people that are looking to get a definite cost for their specific property needs.

The Average Solar Panel Cost Based on Size, Individuals need to understand what size solar system best suits them and their energy needs. This can vary depending on whether you’re a household or a business, how many people live in the household, and how many months a year the house is used. The average national cost per watt is $3.14 in the United States. Here is a table that uses this typical cost compared to the system size. These prices are the cost of a solar energy system after deducting federal solar tax credit. These tax credits can reduce your solar system costs by up to 30%. Also, some states within the United States offer other incentives depending on the state and local government policies.

Battery Storage vs. Natural Gas

Battery storage system costs have been projected to decline at a steady rate of 8% annually through the year 2022 – much lower than the astonishing 32% price decline through 2015-2016! This is extremely exciting for not only homeowners that are looking to get involved in solar energy but also the United States as it looks to become more energy independent.

Natural gas has always dominated the energy sector not only because of its availability but also because of the affordability. Many industries are hesitant to switch from traditional natural gas to solar and other renewable forms of energy due to the impracticality of it. In the wake of declining battery system costs, the option for individuals and companies to switch to renewable energy is much more likely now than it has ever been. Many industry experts agree that battery storage can, in fact, meet the same system needs as a gas peaker plant.

Energy Independence

One benefit that comes with switching to solar energy is that you’re contributing to the overall energy dependency that the United States has on foreign suppliers. The more Americans that can consume foreign natural resources, the more secure and independent the United States can be. The fact that businesses are being presented with cheap battery storage system options alone can accelerate America’s journey into energy independence.