Average Cost of Solar Panel Installation Average Cost of Solar Panel Installation

A solar panel installation can provide you with a means to become partly or even completely self-sufficient. Not only does it make a major positive impact on the environment, but it will also save you a lot of money in the long run. This is provided you do your research correctly and get a decent installation from a reputable manufacturer. Building your own solar panels is also an option, especially if you want to save money. There are many do-it-yourself kits available. Before you begin, consider the following information about the costs of solar panels, including not only the initial costs, but also the eventual savings.

Different Types of Solar Panel Installations

The two main types of solar panel installations that are available include evacuated heat tubes and flat plate collectors. The most common of these is the latter and is often installed onto the roofs of homes. These can lose heat, however—a problem which is not as common in heat tube installations.

Of the many different installations available, quality is also something that you need to consider. There are a lot of low quality products on the market which can end up being a false economy in the longer term. As a rough guide, a decent evacuated heat tube solar panel should cost around $2,000. By contrast, the more common flat plate collectors cost about 25 percent less than this.

The average cost of solar panels can seem high at first, at approximately $10,000 per kilowatt of capacity for an installation. This can be considerably less if you do the job yourself.

Saving Money by Doing it Yourself

Making and installing solar panels yourself can be a great way to save money. The installation does not have to be as complicated as you may think. There are many guides available out there that tell you how to install solar panels yourself, and it is something that a lot of people are doing. This is a great way to save money, and there are companies which specialize in selling the required materials, like photovoltaic cells.

The Longer Term Costs

In the long run, solar panels should cause the costs of your energy bills to go down considerably. In fact, depending on the weather conditions that are normal in your area, you may even be able to become completely self-sufficient. In some places in the world, home solar panel installations generate enough power that users are able to sell some back into the grid and actually make money.

Not only this, but you are also doing your bit for the environment. You are not subject to any power cuts on the main grid either. If you have the ideal weather conditions, you should have paid off your investment within a few years.

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