How Expensive and Cost Prohibitive Are Solar Panels for Residential Construction?
Question by fisikia: How costly and cost prohibitive are solar panels for residential construction?
Very best answer:
Answer by vicinic
depends on where you are. Variables like: Quantity of solar recieved (is your area cloudy), outside temperature (hotter climates lose efficiency), Cost of electricity in your region.
The answers range from Impossible to ever recover your money invested to yeah, It’ll save sufficient over 15 years so I need to live in the home for at least 15 years to get my funds bac.
absolut expenses, antwhere from $ 10,000 to $ 150,000, how significantly energy do you want. My estimate is that you’d want to take up the whole south side of a pitched roof or about 1/2 of the house location in feet^2.
Add your own answer in the comments!
For far more info check out these resources www.residentialsolarpowersystems.info hubpages.com In this video we discuss the components of a residential solar panel system and how you can make your house energy self-sufficient.
Video Rating: five / five
Tags: Panels, residential, Solar
4 Responses to “How Expensive and Cost Prohibitive Are Solar Panels for Residential Construction?”
Share Your Thoughts
You must be logged in to post a comment.
Prices are coming down, but are still expensive. I would say that to power an average home, initial cost would be around $ 15,000.00.
If it’s new construction, the panels are easily absorbed into the cost of the house, and would barely be noticeable. What’s another $ 15,000 for solar electric when the house is $ 300,000 or more? That’s less than the commission paid for selling it. If it’s just solar hot water, the price tag could only be $ 2000 – $ 4000.
Also, solar adds value to the home, so it’s possible that they will pay for themselves when you sell. With home prices fluctuating so much, though, it would be hard to tell for sure what the effect of having solar was. In general, the guide is to take the annual energy savings, and multiply it by 20 to get the increase in the value of the house. So if the panels can save $ 1000 a year, theoretically the house could sell for $ 20,000 more than it otherwise would.
Prices are softening, may be dropping soon. Someone in your neighborhood got a fantastic deal – $ 5 a watt, including professional installation. I don’t know if this is a one-time thing, or a trend. We were quoted about double that just 2 years ago.
I would say that the $ 15-$ 30,000 investment would be worth it if you plan on living in your house for more than 10 years. It will add a bit of resale value but it depends on how much the price drops over the next few years.
ty for posting this