4/16/2021 0 Comments How Are Net Metering and The Average Solar Installation Cost Different in Each State?The solar installation cost is a major factor in determining whether a home or business will take advantage of solar energy. By cutting down the initial upfront solar installation cost by the Blue Raven Solar, many individuals and companies have been able to finance the installation of rooftop solar panels on their dwellings and businesses. This steady increase in the number of solar-powered generation has certainly served the cause of solar energy, which gains the most benefits during dark and cloudy days when traditional sources of electricity fail to operate. Although solar energy has many major advantages over wind and hydroelectricity based systems, there are also some major disadvantages that must be considered. It is these disadvantages that should be taken into consideration before deciding if solar power is right for your home or business.
The biggest disadvantage of solar installation cost is the fact that the panels are extremely large and expensive to install. For the residential sector, the panels can easily top $6k. Even with tax incentives and government programs such as rebates, the residential sector may still not be economically feasible. For businesses, the costs can be even higher because they have to consider the installation, maintenance, and replacement of solar electricity panels. Fortunately, businesses can offset the costs of solar electricity by obtaining federal and local grants and other financial assistance. As a matter of fact, a lot of state and local governments and utility providers offer financial and technical assistance to help businesses make the switch from regular electricity sources to solar electricity. One of the biggest factors that contribute to the high solar installation cost per watt is the tax credit that is given to manufacturers of solar panels. Manufacturers are able to claim a tax credit of up to 75% of the cost of building a new solar system. Because of this, manufacturers typically require a significant upfront investment for making the panels that they sell to consumers. The tax credit is only applicable for new solar systems that include at least one kilowatt of capacity. To ensure that you receive the maximum amount of tax rebates, however, you should buy enough solar systems to generate more than your home's current electricity needs. Depending on the location of your house and the roof structure, the actual solar installation cost could be much higher or lower. If your roof is flat like most houses in the US, then you stand to save a lot of money. This is because panels need to be installed in the open air. A roof that is slanted will have less of an impact on the electricity generation process and may actually allow you to save money. Another thing to consider is that in areas that experience severe winter temperature variations, then installing your panel higher up on the roof will actually allow you to avoid paying a premium price per kilowatt-hour. One way to reduce the average solar panel installation system labor costs is to choose a better location for your solar panels. If you live in an area that experiences cold weather during most of the year, then the average solar panel system labor costs will be significantly higher. Luckily, if you live in an area with a high altitude or where the sun shines for several months out of the year, then you will save money on this type of purchase. The number one reason why people choose a roof location that is too high is because they need to pay the highest possible price per kilowatt-hour. Another reason that some homeowners choose to buy their solar panels too high is because they believe that the panels will not be installed properly. Now that you have a better understanding of how the average solar installation cost differs from state to state, you can easily see why you should buy your panels a little lower than the market average. If you install your panels at the right time and in the right location, you can actually reduce the cost of your purchase by as much as 50%. This is another great incentive offered by net metering programs, so take advantage of it! For more information related to the article above, please click here: https://simple.wikipedia.org/wiki/Solar_panel.
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