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Solar panel installation costs in 2024

With the cost of solar panels decreasing yearly, there has never been a better time to install solar. Thanks to the advanced solar energy technologies and hundreds of prominent solar companies across the country, the number of homeowners who switch to green energy is growing.

The national average cost of installing a 6kW PV system for a 1.500 sq. ft. home is around $16.500. The price per watt can vary from $2.75 to $3.50, depending on the state and county. Small residential solar plants are usually sized at 3kW to 8kW and can cost anywhere from $9.100 to $28.000, including panels and labor.


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Solar panel installation costs

How does solar technology work?

Solar energy converts light from the sun into electricity. This electricity can then be used in your home or fed into the grid when it is not needed. This is done by installing solar panels on your roof that generate direct current (DC) electricity. This is then fed into a solar inverter that converts the DC power from your solar panels into AC power, which can then be used to power everything in your home.

1. Earning credits for delivering solar power to the grid

Unused solar power is then fed back into the grid. You receive a credit on your electricity bill called the feed-in tariff (FiT) for providing solar energy back into the grid. Your electricity bill then takes into account the electricity you draw from the grid and credits for the electricity generated by the solar power system that you don't use.

2. Transforming DC output into alternating current

The inverter converts the direct current into alternating current (AC) that can be used in your home. From here, the AC is routed to your control panel.

3. Сonverting the absorbed solar energy into electricity

Your solar modules are made of photovoltaic silicon cells (PV cells). When sunlight hits your solar panels, the PV cells absorb the sun's rays and generate electricity through the photovoltaic effect. The electricity generated by the solar panels is called direct current (DC) and is not suitable for use in your home by your appliances. Instead, the DC electricity is sent to your central inverter (or micro-inverter, depending on the design of your system).

4. Estimating the amount of electricity taken from the utility

All homes with solar must have a bi-directional meter, which your electricity retailer will install for you. A bi-directional meter can record all the electricity that is supplied to the home but also the amount of solar energy that is fed back into the grid. This is referred to as net metering.

5. Administering solar power all over the household

A control panel allows the usable AC power to be routed to the appliances in your home. Your panel ensures that solar energy is always used to power your home first and that additional energy is called from the grid only when solar power production is insufficient.

With solar power, you don't need to turn the system on in the morning or off in the evening - the system does this automatically. You also don't have to switch between solar power and grid power, as your solar system can determine when it's best to do so based on the energy used in your home. A PV system requires very little maintenance (since there are no moving parts), which means it will last a long time, bringing a good return on investment.

Get the most out of going solar

Get the most out of going solar

The most significant advantage of the solar power system is its versatile adaptability, which gives you instant access to renewable solar power. You no longer need an overpriced & complicated system to take advantage of green energy.

It is now effortlessly accessible through various advanced technologies and solar-powered products like solar lighting systems, portable solar energy systems, chargers, and power banks.

Today, Americans can take advantage of the tremendous benefits of renewable solar power in various ways!

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