How Much Do Solar Panels Cost?

Saving money is smart. Going solar is a smart investment. Everyone asks about cost, but if your goal is to maximize how much you make from your investment, then the most important questions are “how much money will you save each month on electric bills?” and “how quickly does your solar system pay for itself?”

To calculate that payback period, you need to account for factors like the quality of your solar system, how much sun reaches your solar panels, whether you lease or own the system, the cost per watt, available tax credits, and quite a few more. Reputable solar providers can calculate those factors to show you how quickly your system will pay for itself in electric bill savings.

But understandably, you want to know how much it will cost to put a solar system on your roof. Below we'll break down cost and some of the other major factors that you should consider.

Estimating how much home solar panels cost in 2022

One of the first questions someone interested in home solar asks is, "How much do solar panels cost?" It’s important to know there is not a one-size-fits-all answer because every home is different, and there are many geographic variables and federal and local tax incentives to consider.

The easiest thing to do is to contact a professional solar installer. The installer will give you a free evaluation that entails looking at your electricity bill to find out how many kilowatt hours of electricity your household typically uses and evaluating your roof and shading, to determine how many panels you’ll need. That, combined with local solar incentives your community may offer and the federal solar tax credit,* will give you a full picture of how much your home solar system will cost. The good news is that no matter where you live, the cost of solar panels is coming down.

We look at the price per watt when figuring out the cost of your system, but you may find it more useful to think about the price of leasing a solar system separately from the price to own one. That's because with a lease it's important to think about how much you can save for each month of the lease, but when you own the system it's more important to understand how quickly it can pay for itself.

What is the cost of individual solar panels?

Very few people are going to buy just the solar panels themselves, just like few people would buy the components of a car and build their own vehicle. We recommend you use a SunPower-approved installer for your solar system.

Yes, it’s possible to buy a single solar panel for as little as $100, but a solar panel does not operate in isolation. You need a system of hardware and software to generate electricity from the sun, including solar panels, an inverter, mounting hardware, wires and cables., It is also beneficial to have a monitoring system that tracks the production, energy use and savings of your system. And you need to consider the cost of installation and operation.

Once you get an estimate for the cost of your solar system, you should subtract the potential savings on your utility bill over time, including any incentives offered by your local or state governments. Then you’ll have a better understanding of how going solar will impact your finances.

What are the factors that affect solar panels?

The cost of a home solar system can vary, even in the same city, due to a range of factors, including the:

· Quality of the solar system

· Household’s energy needs

· Local weather

· Available roof space and shadingFinancing options selected (cash, loan, or lease)

To help you understand the price of going solar in your area, we've analyzed Mustafa Solar’s price quotes, as well as quotes gathered by third-party sources for thousands of homeowners across the country.

How do I know how much sun my roof gets?

The more direct sunlight your home receives, the more power the panels can produce. But there’s a little more to it than just sunlight. To see if your house is a good candidate for solar, try out a solar panel suitability checker such as Google's Project Sunroof. Then set up an appointment for a solar consultation with an expert who’ll visit your home to inspect its orientation (solar panels facing south capture more energy), roof angle and tree shading to see if your roof will receive enough sunlight to meet your family's electricity needs. MUSTAFA SOLAR’s solar consultations are free, online or in-person, and you can learn more about your home electricity needs and savings options.

Mustafa solar’s panels are proven to be the most efficient on the market*—not to mentioned unmatched at generating power in low-light situations—but, excessive shading will reduce the amount of power that can be generated.

It's also important to know a Mustafa solar solution has unique, factory-integrated micro inverters in each panel. Meaning, if one panel isn't producing energy because of shade, neighboring panels receiving more sunlight can still generate solar energy for your home.

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