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Residential Solar Installation: Cost and Benefits Explained

Are you considering installing solar panels on your home but unsure where to start? You’re not alone. One of the most common questions people have about residential solar installation is how much it costs. The second most common question is how it works. In this article, we’ll answer both questions so you can decide whether solar is right for you.

How much does it cost to install solar panels on a house? The solar installation cost can vary depending on several factors, such as the size of your system, location, and the type of panels you choose. On average, homeowners can expect to pay between $20,000 and $40,000 for a complete solar panel installation. However, keep in mind that federal and state tax credits, rebates, and other incentives are available to help lower the cost of solar installation.

It’s important to note that while the initial installation cost may seem high, solar panels can save you money in the long run. The payback period for a solar panel installation is typically between 4 to 7 years, and after that, you can enjoy free electricity for the life of your panels, which can be up to 25 years or more.

How does residential solar power work? Solar power works by capturing the energy from the sun and converting it into electricity that can be used to power your home. Solar panels are typically made up of photovoltaic (PV) cells designed to convert sunlight into electricity.

When the sun shines on the panels, the PV cells generate direct current (DC) electricity. This electricity is then sent to an inverter, which converts it into alternating current (AC) electricity that can be used to power your home. Any excess electricity generated by your panels is sent back to the grid, and you can earn credits for it on your electric bill.

The benefits of solar power are numerous. Not only can it save you money on your energy bills, but it’s also better for the environment. By using renewable energy, you’re reducing your reliance on fossil fuels and helping to reduce greenhouse gas emissions. Solar panels require very little maintenance and can last decades, making them a smart investment for homeowners.

SOLAR SOURCE is a privately owned solar contracting company in Long Beach, CA. We focus on quality installations that maximize our customers’ benefits. With rising utility prices, there’s never been a better time to invest in solar power. Contact us today to learn more about how we can help you switch to solar.