![]() ![]() ![]() Some of the factors that affect solar power system installation costs for If you are considering buying a solar panel kit and doing DIY solar you really should read this article first.These different components are what make the price of solar fluctuate between installations. There is also the pitfall that you will have to do all your own city and utility compliance paperwork yourself and that you may damage the equipment in installation (voiding your warranty). There is also the OH&S risks associated with general roof and electrical work for those not trained in these areas. However, there are fire and electrical safety risks with the DC electricity produced by solar panels. There are those that wish to contract a solar skilled electrician to install the kits for them and by doing so end up installing solar panels at a lower cost than what are charged by solar companies and there are those that actually want to physically do the installations themselves to save even more money. There are two types of people that buy solar kits. The Solar Energies Industry Association recommends the Solar-Estimate Solar Calculator for use by consumers. This amounts to a saving of around $5,000 on a standard 6kw solar system. It also has pricing data from around 200 installers around America making its assumptions as to cost, savings and payback far more realistic that any other solar calculator.ĭata from the Californian government solar website shows that users of Solar-Estimate in California on average purchased their solar systems at almost $1 per watt less than the statewide average cost for residential solar systems. It actually uses the PV Watts solar irradiation and production data (as most solar calculators in America do) but the advantages of the Solar-Estimate calculator over others is that it has incentive data and your utilities rate structure built into its database. Solar-Estimate Solar Calculator is the best solar calculator for calculating solar costs, solar savings and solar payback periods but assumes that your roof is an optimal solar roof (facing south and 22 degree pitch). The Database of State Incentives for Renewable & Efficiency (DSIRE) has a comprehensive list of solar incentives by state, as well as more information and maps showing solar policies across the U.S. Your installer will be able to provide the most up-to-date information on solar incentives. In addition to the federal tax credit, many states, counties, municipalities and utilities offer rebates or other incentives for solar energy technologies. However, to take advantage of this tax credit you need to have federal withholding tax payable for the year. Both residential and commercial customers can take advantage of this tax credit, and it applies to all three major types of solar technology photovoltaic, solar heating & cooling, and concentrating solar technology. ![]() The 30% federal tax credit for solar energy systems was extended in August 2022 for another ten years. Any prices you read on this site are usually expressed before this 30% tax credit applies. The best way to see all of the incentives that you are eligible for if you install solar panels on your home is to use the 'Solar-Estimate' solar calculator.Ī 30% solar tax credit is available to home owners who decide to install solar panels on their home. ![]()
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