Some of our most frequently asked questions about installing solar panels are related to how much it will cost. The total cost of a solar energy system is comprised of a number of factors including the size of the system, the types of solar panels being used, the electrical wiring and components, racking and mounting hardware, inverters, system monitoring, permits, and labor.
While all of this may sound like a lot of equipment, and may lead you to believe that installing solar is too expensive, the truth is that the cost of a solar system has never been more affordable.
In fact, the average cost of a fully installed solar system has decreased by more than 70% since 2010. While at the same time, the number of installations has gone way up!
The Cost To Go Solar On Your Home Or Business Is Determined By How Large Of A System You Will Have Installed, Which Is A Function Of How Much Power You Would Like To Generate.
A DKD Energy solar specialist will be able to analyze your current energy usage and design a customized system that will work best for you.
Do you know how much you'll spend on power over time? Let's find out!
Take your average monthly power bill and multiply it by 12 (12 months a year), and then by 10 (10 year period). The resulting number is, conservatively, the amount of money you will spend on power over the next 10 years.
$225 dollar average monthly power bill x 12 months x 10 years = $27,000 dollars spent on power over 10 years! And that does NOT include power rate increases (which gradually increase over time).