Did you know that the cost of installing solar panels has gone down by more than 70 percent over the past 10 years? As the cost of solar panels is falling, solar energy is becoming a more popular energy source. 

Solar energy is better for the environment, allows you to save money on your electric bill, and is a reliable power source. While the price of solar panels has gone down, installing solar panels can still be an expensive project. 

Do you want to learn more about the solar panel installation cost? If so, keep reading to learn what you should consider before calling a solar panel installation company. 

Review Your Electric Bill

To determine if installing solar panels will be worth it, start by looking at your electricity bill. If you have an expensive electric bill, installing solar panels will help you bring down your monthly electric costs. 

If you make enough electricity, you can sell some of the electricity back to your power company. Instead of paying a bill, you can get a bill credit.

Keep in mind that how much electricity you produce each month could vary. Are you ready to reduce your electric bill? If so, check out this company

Consider Sun Exposure

Do you get a lot of sunlight at your house? If not, installing solar panels won’t be worth the cost. If your roof doesn’t get enough sun, the panels won’t be able to produce enough power to offset the costs. 

In addition to considering sunlight exposure, make sure you also consider how much space you have on your roof. Roofs that are small and have awkward angles won’t be able to accommodate many panels. 

Consider The Cost of Installation

When looking at solar panel installation costs, your costs will depend on where you live, the contractors you hire, and how many solar panels you need. On average, you can expect to pay $16 to $35 per megawatt-hour. 

In total, most households end up paying around $20,000 to install solar panels. That includes the cost of the solar panels and installation fees. 

Check For Rebates And Tax Incentives

Did you know that there are rebates and tax incentives for installing solar panels? While solar panels are expensive, these incentives can help you save money. 

You may be able to find incentives on federal, state, and local levels. The government incentives people to install solar panels to lessen the impact on the environment. 

Before you determine that solar panels are too expensive, make sure you explore your options when it comes to rebates and tax incentives. 

What Is Your Solar Panel Installation Cost?

If you want to reduce your monthly bills, lessen your impact on the environment, and improve the value of your house, you should hire a solar panel installation contractor. 

They can help determine your solar panel installation cost and start the process of installing your panels. 

Did you enjoy reading this solar panel installation cost guide? If so, check out the technology category to learn more about installing solar panels.