It’s no secret that solar energy is cleaner and better for the environment. As a renewable energy, it’s also incredibly efficient. But did you know it can be the cheapest option for getting renewable energy in a lot of cases? More and more homeowners are upgrading to solar energy because it’s more dependable, better for their home, and it costs less than relying on a third-party energy source.
One of the reasons why solar energy is quickly becoming the most cost-effective way to get the energyinto your home is because the cost of setting up solar has become cheaper.
Some estimates say the price for installing solar panels on a residential building will drop about 60 percent in the next 20 years or so. This will make solar the cheapest form of energy and make the initial investment affordable for just about everyone.
The reduction in solar energy costs over the next two decades could mean that almost half of all new power generated in the world could be solar. Many will be small-scale residential homes, but about 60 percent will be larger and in industrial buildings.
If you’re considering solar now and you don’t want to wait until prices drop over the years, it’s still possible to get cheap solar cells in 2018. Not only will you save by shopping around for a good value now, over the years you’ll save a great deal on energy costs. Many people find that they’ve made back the money invested in solar panels in just a few years after their initial investment.
Where Do You Find Cheap Solar Panels?
There are several things to consider if you’re looking for cheap solar cells to create your electricity. The first thing to think about is where your solar panels are manufactured. Most of the panels made in China are cheaper than those made in the United States and other countries. However, the panels you’ll find in the USA are starting to drop in price and are almost able to competeprice-wise with those made in China.
It’s also possible to find solar panels cheaper depending on what state you buy them in. For instance, since the market for solar panels in California is booming, it can be possible to find a great deal on panels in the state. The more popular solar energy tends to be in your area the cheaper it is likely to be to set up solar.
A few of our favorite solar panel options include:
1.5KW PluggedSolar with 1500Watt Crystalline Solar Panels and Micro Grid Tie Inverter, Plug into Wall, 120V or 240V AC Outlet, Utility Approved Micro Grid Tie Inverter (UL-1741)
What about Lowest Price Per Watt?
In addition to the cost of panels, you’ll also want to consider how much you’ll be paying per watt for solar energy )for your electricity). The average price as of 2018 per watt of solar energy is about $3.14. It’s dropped from a year ago and is expected to continue a steady decline in the coming years. Going solar is going to save you money, even if you invest in expensive, high-efficiency panels and spend a chunk of money for the startup.
What’s the best way to save? Look at the cost of solar energy throughout every step of the process. Consider the cost of the panels, the installation costs by solar installers, if it’s separate from your panel investment, the cost of maintaining your panels, and the per wattage cost of energy. Also, take into account where you live. For instance, the cost of solar power is the cheapest in the following states:
California $1.17 per watt
Massachusetts $.2.23 per watt
Arizona $1.57 per watt
Wisconsin $2.25 per watt
Florida $1.77 per watt
Keep in mind, just because these are the cheapest states doesn’t mean you can’t find cheap solar energy if you live in a state not included on the list. You can also balance out the slightly higher per wattage cost by making a less expensive upfront investment. If you have the space and the budget, you can also invest in larger panels. This gives you a better bargain on solar energy. The cost per watt will be different based on the size panel you’ve installed—panels range in size from 3kW to 10kW.
There’s no denying that the initial upgrade to solar energy can be expensive. Some systems have a cost of $250 to $500 or more per panel—and you’re sure to need multiple panels to build an efficient system on an average-sized single family home.
It’s also important to keep in mind that there is a great deal of support available for those who want to transition to solar but don’t quite have the financial means to do so. The government offers a tax rebate programs that won’t affect your upfront cost but will enable you to get some of your money back after your upgrade.
There are also solar loan programs. Just as you would any other type of home improvement loan, you can apply for a $0 down solar upgrade loan. This is a great way to increase the value of your home and reduce the cost of your energy bill while living there, even if you don’t have a lot of money on hand to invest in a solar upgrade.
Changing Your Mindset
Far too many homeowners go into their solar energy upgrade looking for the cheapest panels available. This can be a great way to offset the cost of solar energy costs long-term if you live in a state that offers few benefits for an upgrade.
However, if you are living in a solar-friendly state, it might be a good idea to invest a bit more in the upfront costs. In many cases, higher quality panels are going to cost more, but they are going to last longer and be more efficient. Whatever you invest upfront is going to be earned back in a short period of time.
If you’re just in the beginning stages of considering a solar upgrade, it might be a good idea to try a solar energy calculator. This can help you determine not just how much you’ll save, but also what you can do to make sure you’re choosing the best panels for your home.