Does the value of solar panels outweigh the cost?
So, enough chit chat. Let’s get started. How much do solar panels cost? Solar photovoltaic (PV) panels — which turn the sun’s rays into electricity — are typically priced in dollars per watt ($/W). There are a few details related to this measure. You may sometimes hear some people talk about DC watts versus AC watts, for example, or refer to something called dollars per watt peak ($/Wp). But the main thing to remember is that, when you buy a solar energy system, you’re paying for the ability — or “capacity” — to generate electricity now and into the future. Pretty cool, huh? So, how much are you paying? What is the out-of-pocket cost of a solar PV system? Since every solar home project is a litte different, the answer varies somewhat from house to house. And, since solar rebates and solar tax credits are typically made available at the state and/or local level, it varies a bit from region to region. (Note that all U.S. homeowners with federal income tax liability can take advantage of