Category Archives: Cost Benefit

Articles concerning the pricing of solar and the economic benefits of going solar.

Understanding the solar panel payback period

How to calculate solar panel payback period (ROI)

Reading Time: 4 minutes

The financial benefits of going solar are now well documented. Solar panel systems actually function as investments with strong rates of return, and homeowners generating solar electricity can avoid paying increased utility rates by eliminating their electricity bills. According to a 2015 report by the Lawrence Berkeley National Laboratory, installing solar panels on your home can even increase your property values. If you’re reviewing multiple quotes, there are plenty of metrics that can help you make a decision about which solar option is best for you, but studies show most solar shoppers rely on one metric in particular: the solar panel payback period or break-even point.

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buy now or wait for solar

Should I go solar now or wait?

Reading Time: 3 minutes

For those asking themselves “should I go solar”, the cost of solar installation continues to fall. According to the Solar Energy Industries Association (SEIA), installing a residential solar energy system costs 70% less than it did in 2010, which is great news for today’s solar shoppers. But the ever-decreasing costs of solar create a conundrum: should I go solar now or wait? For many, daily headlines that declare lower and lower prices can stir them to action. For others though, these same headlines can cause them to wait a few more years in hopes of saving even more money. So who’s right?

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solar panel cost and efficiency over time

How solar panel cost and efficiency have changed over time

Reading Time: 4 minutes

Solar panel technology has been around in some form for a long time – Bell Labs invented the first useful solar cell more than 60 years ago, and scientists have known for centuries that the sun can be used to produce energy. However, it’s only in the last ten years or so that solar photovoltaics (PV) has really taken off as a renewable energy source. There are two major factors influencing the technology’s growth: the steady improvement of both solar panel cost and solar panel efficiency over time.

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9kw solar energy system

How much does a 9 kW solar energy system cost?

Reading Time: 4 minutes

For many homeowners who want to install solar panels on their roofs, a 9-kilowatt (kW) solar energy system is a good size for significantly reducing or eliminating electricity costs. Getting the right price for your solar installation and maximizing long-term savings is easy when you compare your solar quotes with the prices that other shoppers in your area are seeing. Find out more about how much a 9 kW solar panel system costs; the amount of electricity you can expect your 9 kW system to produce daily, monthly, and annually; and the smartest way to shop for solar in EnergySage’s 9 kW solar panel system guide.

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3.5 kw solar system

What does a 3,500 Watt (3.5kW) solar system cost in the U.S.?

Reading Time: 3 minutes

3.5 kW solar systems (or 3,500 watts) are the average consumption size for smaller households. When you decide to invest in home solar panels, the cost to install the system on your roof is one of the biggest factors determining your long-term solar savings. Want to know the best way to ensure you’re getting a good deal? Compare your solar quotes with the prices that other solar shoppers paid for solar systems in your neighborhood. Learn more about the cost of 3.5 kW solar systems, how much electricity they can produce, and what the smartest way is to shop for solar. 

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12 kw solar system

How much does a 12,000 watt (12kW) solar system cost?

Reading Time: 3 minutes

If you have high electricity bills, installing a 12-kilowatt (kW) solar energy system on your home can significantly reduce your monthly costs. To maximize your long-term solar savings, you want to be sure that you get the right price for your solar panel installation. The best way to feel confident about your purchase: compare offers for 12 kW solar systems with the prices offered to other solar shoppers in your area. Find out more about how much a 12 kW solar system costs where you live, the amount of electricity you can expect your 12 kW system to produce, and the smartest way to shop for solar in EnergySage’s guide to 12 kW solar panel systems. 

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off grid with solar panels

Going off-grid with solar: what does it mean and how much will it cost? (Part 1)

Reading Time: 7 minutes

This is Part 1 of a two-part series that explores the economics of going completely off-grid with solar. Part 1 focuses on what it actually means to go “off-grid” and how to start thinking about calculating the costs for cutting the cord with your utility. Part 2 discusses two real-world examples of sizing an off-grid solar energy system, along with the feasibility of going through with an off-grid solution. Check out Part 2 here.

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How to find affordable solar panels in 2020

Reading Time: 3 minutes

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Installing a solar energy system is becoming increasingly attainable for homeowners across the country as prices continue to drop. Being savvy about where to find the best deals on solar can make your solar installation process pain-free, and lead to maximum savings.

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high solar panel prices in the u.s.

Why is solar more expensive in the US than in other countries?

Reading Time: 4 minutes

The cost of solar has plummeted in the US over the last five years. With solar prices beginning to drop below $3 per Watt for residential solar shoppers, the industry has hit a very important and impressive milestone. However, the cost of solar in the US remains higher than the cost in other countries, most notably Australia. But just how much less expensive is solar in Australia, and is it possible for the US to slash solar costs even further?

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2kw solar energy system

How much does a 2,000 Watt (2 kW) solar system cost?

Reading Time: 3 minutes

If you’re shopping for a solar energy system, one of your first questions is probably, “how much will it cost?” Prices depend on the size of your system, the type of equipment you choose, and the state that you live in, but reviewing prices for a 2 kilowatt (kW) system is a great place to start for many smaller homes. Learn more about how much a 2 kW solar system costs, how much electricity a 2 kW system will produce, and the smartest way to shop for solar.

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