21/03/2022
"With the cost of solar panels dropping every year, there's never been a better time to go solar. In 2022, solar panels cost about $20,000 on average. We'll break down the cost of solar by system size, state, and panel brand, which can significantly impact the final number you pay.
On a cost per watt ($/W) basis, solar panel prices in 2022 average $2.77/W. A solar panel installation in 2022 ranges from $17,538 to $23,458 after considering the federal solar tax credit—a single solar panel costs between $200 and $250. A 10 kilowatt (kW) solar panel installation costs $20,498 after considering the federal solar tax credit ($27,700 before the tax credit).
In conclusion: are solar panels worth it?
The cost of solar is only as significant as the return you'll get from installing solar panels. For most homeowners, solar is a worthwhile investment, and you can "break even" in as few as 7 or 8 years. During those 7 to 8 years, you'll be developing your electricity instead of paying for electricity from the grid. You're essentially generating free electricity and racking up the savings from that point on. You might be able to get credit for any extra electricity you produce, thanks to net metering policies (depending on where you live)."
https://news.energysage.com/how-much-does-the-average-solar-panel-installation-cost-in-the-u-s/
After the system has paid for itself using the money you'd spend on electricity, the average 20 years of savings on your electric bill will be
$27,600 https://www.eia.gov/todayinenergy/detail.php?id=46276
Your tax credit
$7176
You will also avoid the annual 3.5% average inflation of electricity rate through the 30-year life of the system
$1,440
And REC income might be possible as well as increase your home resale value without raising your property tax burden in most states a value of https://www.ecowatch.com/solar-panels-increase-home-value-2654716878.html
$30,000
Compare this to buying a new car
In 2021 the average new car cost
$47,077
A loan 72-month payoff would bring that total to about
$49,752
After six years of depreciation, the term of the loan your car will be worth
$27,681
Your gain for a $21,000 solar investment is about $59,000
Your loss on the average new car purchase is approximately $22,000
If you’re considering installing a solar system on your roof, you’re probably wondering: Do solar panels increase home value? We answer this question and more.
