Cost for Home Residential Solar Installation
We get asked all the time – how much does solar cost? Homeowners ask to know how much are they going to save. Everyone in Texas is going solar to save money – so obviously – you want to know how much it costs.
At Solar Edge Pros, located near North Star Mall in San Antonio, we’ve had over 5,000 residential solar installations and a 5-star review on google. Why? Because solar costs less than what you are paying right now.
Let’s first explain how much it costs to go solar so that you can get a better idea before you get an evaluation on your home and a specific quote, but here’s a general idea.
Solar Equipment
All the equipment needed to get solar panels installed on your property includes:
Solar panels – needed to save take in the sunlight and create direct current
Microinverters – needed to convert direct current to alternating current, the type of power used in our homes.
racks – to keep the panels on your roof
Combiner box – includes a cell antenna (a cost we take on) that allows you and Solar Edge Pros to monitor the electricity produced from the solar panels remotely.
Disconnect – a safety switch that automatically shuts off when the grid is turned off for maintenance (this prevents the solar panels electrocuting someone working on the power lines)
PV Meter – tracks the amount of energy produced
Revenue Meter – tracks the amount you owe your utility company
Your utility company will compare the value in the PV Meter to the Revenue Meter at the end of the month. If you produce more power than you consumed, then you will receive a credit. If you consumed more power than you produced, then you would only have to pay for the difference.
Check out our video on the subject to see examples of the equipment
Additional Factors
Solar Edge Pros charges a flat rate per watt with lots of possible discounts for those that qualify: first responders, military, medical, teachers, and senior citizens. Be sure to let your solar consultant know if you fit any of discount categories. Additionally, some utility companies offer utility rebates like CPS Energy and NBU. The rebates range from $2,500 to $3,000 off the total cost of the system.
Lastly, the federal government offers a 26% tax credit up until the end of 2022. Then the tax credit drops to 22% for 2023, and by 2024 – the tax credit will be gone. If your solar project consists of just the solar equipment, you’ll get 26% of the cost back on your federal income tax. If your project also includes back up batteries, generators, new roof, tree trimming, carport or pergola, then the tax credit will apply to those services as well.
Most people will pay for their solar panel system with cash or they will do our zero-dollars-down financing, at a lower cost than what you are currently paying. You can actually own your power and the equipment paying less than what it costs to rent it from your utility company.
Now, exactly what that number is depends on your unique situation: Do you qualify for the discount, do you want to pay cash, do you qualify for utility rebates, etc. Clearly, there are a lot of variables and we want to give you an exact answer so you know which approach is best for you.
Learn More
Check out NerdWallet’s handy article for additional information on the cost of solar: https://www.nerdwallet.com/article/finance/solar-panel-cost
Book an appointment here for a free home evaluation.
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