Going Solar In 2022: A Cost Breakdown

Solar power production has risen fourfold since 2014. But what’s making so many people change over to solar energy?

It seems that many are beginning to realize the benefits of going solar. This might be especially true when it comes to savings on your bills. Wouldn’t it be helpful if you could make a change at home that could save you a lot of money?

Read on to find out the cost to go solar in 2022.

Overview:

1. How Much Does It Cost to Go Solar?

The average cost to go solar is between $3,500 and $16,000, a report this year shows. But what makes this range so big?

Several factors influence the price. The size of the solar system and the type of panels to be installed are two of them. Bear in mind that most of the money you’ll spend on changing to solar comes with purchasing the parts.

2. What Equipment is Involved in the Cost?

Equipment that’s factored into moving to solar includes:

• The converter (used for directing the current from the panel)
• Metering parts
• Cables and wires

Solar panels will be the most pricey piece of equipment involved. Storing batteries is typically expensive, but isn’t necessary. Since probably the main reason for making the switch to solar is to save money, you might want to consider battery storage in the cost to see if it’s worth it.

3. What Other Factors Affect the Cost?

Don’t forget about the price of the labor that’s involved in your panel installation. While it can be pricey, with the right plan you can lower the cost. With Blue Raven Solar financing plans, you can save some money here.

Equipment maintenance will be required. Cleaning the panels, inverters, and batteries if you use them, involves additional spending that you should be aware of. Solar panel costs can also be increased by having to replace them when needed.

4. How to Calculate Your Energy Production Costs

How much energy your solar system will produce will also impact your spending. It’s not always an easy calculation to make. However, here are some tips for helping you do it right.

Solar irradiation, ie. how much sun your home’s exposed to, is important here. Using maps provided by The National Renewable Energy Laboratory (NREL), you can determine the amount of solar irradiation where you live. This makes it a very helpful tool when working out production costs.

Consider also the position of your home. If your roof faces south with objects such as trees blocking some sunlight, for example, you’ll save on solar energy. But if you need to have the panels installed some distance from your home, you’ll incur some extra costs.

The size of your solar panels is based on energy expenditure predictions. However, energy production only usually ends up at between 15% and 30% of the estimated amount. Therefore, you might want to set your production costs at the upper limit of 30% when working out what you’ll spend.

5. Find Out More About What It Means to Go Solar

If you’re thinking about ways to save money on your home, consider your home’s energy. Here, we’ve explained some of the main factors involved in the cost to go solar.

Want to learn more about how solar is changing the world? We’ve more blog posts available. Check them out to see the impact that solar power is making and what it means for you to solar.

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