Evaluating Solar Setup Costs | Solar Energy Savings
As technology advances, Solar Panel setups are more affordable than ever and much more effective than 10 years ago. People are spending less on Solar Installations and maximizing their savings on energy costs. As the industry grows and as the world becomes more aware and accepting of clean, renewable energy, more people are experiencing sun solar savings.
Solar Technology is improving 5% per year.
– Ben Zook, Belmont Solar Founder
Owner and Founder of Belmont Solar in Gordonville, Pennsylvania, Ben Zook, was quoted in this article by Plain Communities Business Exchange Magazine talking about the advances in Solar Technology. Ben Zook explains that these technological advances are actually decreasing the prices of Solar Panel Systems.
Solar Panel Energy is becoming more and more accessible to the average homeowner and small business owner in America. These advances in the Solar industry excite Mr. Zook because he loves to see his customers and people all over the world experiencing the benefits of Solar Energy.The possibilities of Solar Energy are almost unlimited when you factor in Battery Backup and Off Grid Solar options. The realization that every day, all over the world, naturally occurring energy from the sun could be harnessed to provide power for basic needs is staggering. The technology exists; it is just a matter of raising awareness and educating people. Mr. Zook has always been fascinated with Solar Energy and loves educating others about the benefits of solar.
How Much Does A Solar Setup Cost For A 2000 Sq Ft House?
For a 2000 sq. ft. house, a solar setup in Pennsylvania costs between $15,000 and $20,000 after rebates and incentives. Based on Energy Information Administration statistics, the average house in Pennsylvania is just under 2000 sq ft and uses around $100 to $130 in electricity per month. Using this information, these figures are the average solar setup costs that most Pennsylvanians would be looking at.
If you would like more specific numbers on your situation, check out our Solar Calculator which also gives the opportunity to request a quote.
Why Are Solar Setup Costs Dropping?
Over the years, solar setup costs have continued to drop. There are many reasons why they are becoming more affordable for a customer to install. Below are some of the primary causes for the increasing return-on-investment value.
Increased Panel Efficiency
Solar panels are more efficient than they were years ago. As technology advances, solar panels are creating more electricity than before, allowing you to cover more or most of your electric bill on the same amount of panels. Overall, increased panel efficiency leads to lower costs for the consumer.
Economy of Scale
As the solar industry continues to grow, the supply chain grows with it. Costs of producing solar panels and other components are going down because the materials to make them are becoming easier to procure. This lowers the cost of production as well as make the market more competitive, which tends to drive prices down as more companies compete for customers.
Better Batteries
Technological advances also affect batteries. If you have battery backup, better batteries increase the amount and the efficiency of storing electricity. This allows you to install fewer batteries for the same amount of storage for your setup. Fewer batteries means lower costs for better batteries.
Government Incentives
The federal government has incentivized homeowners to convert to solar by approving a tax credit to claim the year it is installed. In the past, the Residential Energy tax credit gave a tax credit of 30% of the total cost of the solar setup cost, including the supplies and the labor to install it. In 2022, Joe Biden signed the Inflation Reduction Act, which extends this credit until 2032. If you install a system by 2032, you will still be able to apply for the Residential Energy tax credit.
For more information, see the article Homeowner’s Guide to the Federal Tax Credit For Solar Photovoltaics on the Department of Energy’s website. If you already installed a solar setup, see the IRS Form 5695 Residential Energy Credit form to apply for the credit.
Solar Setup Costs | Your Future
The question then becomes how can anybody begin their Solar journey? Anybody can begin their solar journey by beginning to understand how Solar Energy works and what their Solar Panel System options could be. Check out Belmont Solar’s page How Solar Energy Works for a basic understanding of how energy from the sun is harnessed and turned into completely free, useable energy.
Solar is wonderful, INCREASINGLY wonderful.
-Ben Zook, Belmont Solar Founder
Experiencing solar savings for yourself will have you talking about how wonderful solar energy is as well! As technology advances solar panel systems will continue to decrease in cost while simultaneously increasing in energy efficiency. More and more people are understanding how important Solar Energy is for the future of the world. You can be a part of that. If you’re ready to talk about getting in on savings with a solar setup, Contact Us today and we can help you figure out what solar system would be best for you.
Solar Setup Costs | Net Zero Homes
People are finding all kinds of applications for Solar Energy. Everything from powering electric fences on their farms to powering their entire lives with Solar. Net Zero Homes have become increasingly popular as the possibilities of Solar continue to advance.
Can you imagine not having an electricity bill at all? Imagine never having to pay a penny for your lighting, heating, cooling, electronics, or appliances. A Net Zero Home is a house that is producing as much energy as it is consuming, effectively rendering it “Net Zero”.This has become an increasingly popular trend as more and more people are realizing that reaching Net Zero is possible with Solar Power and Battery Backup Solar Systems. There are things you could be doing right now to begin moving your life and home towards Net Zero! To learn more check out our Net Zero Home Page where you will find a complete guide to going Net Zero.
Solar Setup Costs | Considering The Possibilities
Click through the article below to read about more practical uses for Solar Panel Systems. Whether you’re just getting into the world of Solar or you’re already benefiting from the possibilities of sun solar savings Belmont Solar is here to walk with you on your journey.If you’re ready to expand your Solar System, add a new element like Battery Backup, or learn about solar for the first time just reach out and we will answer your questions. Belmont Solar specializes in designing custom Solar Panel configurations to meet the individual needs of our clients. We’re ready to help you and continue to grow the Solar Energy movement. Come join us.
Saving money with sunshine
