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If you’re interested in switching to solar power but not quite ready to ditch your electric company, a hybrid solar system might be right for you. A hybrid unit is one of the best solar system types for homeowners who want to decrease their dependency on the electric grid. However, before switching, it’s important to understand the cost of hybrid solar systems.
Below, our PES Solar team explains the typical costs of installing a hybrid system and how this source of renewable energy could benefit your property.
What Is a Hybrid Solar System?
A hybrid solar system gets power from the sun during the day and runs off of battery backup power at night and during cloudy weather when the sun’s not shining. If both the solar system and battery backup stop working, homeowners can still get usable electricity from the grid. In addition, you can return any excess power produced by your system to the power grid in return for credits on your electric bill.
What Can You Expect to Pay for Hybrid Solar?
Nationally, the average cost of hybrid solar system installation runs from $20,000 to $40,000. However, it’s important to note that costs vary widely depending on the solar panel and battery you choose. For example, monocrystalline solar panels are the most expensive option, followed by polycrystalline and thin film.
Hybrid solar systems can use two types of batteries: lithium-ion and flooded lead-acid (FLA). FLA batteries are the cheapest at just $4,000 to $8,000 but have several downsides.
Homeowners can only safely drain an FLA battery to 50% of its capacity without damaging it. Plus, lead-acid batteries have an efficiency rating of only 85%.
Lithium-ion batteries are expensive at $10,000 to $15,000, but they boast an efficiency rating of 92%. Additionally, solar users can drain up to 80% of a lithium-ion battery without damaging it. Regardless of your choice, you’ll likely need to replace the solar battery every seven to ten years.
Installation Costs of a Hybrid Solar System
Solar panels and backup batteries aren’t the only costs you have to consider – installation price is a major factor, too. Installing a hybrid solar system is a complex process and not something you should attempt to do by yourself unless you’re a professional in the field. Expect to pay $4,000 to $10,000 for installation labor, depending on the size of your home and the complexity of your hybrid solar system.
Hybrid Solar Cost Savings
If you install a solar system in Florida, you can receive a federal rebate that reduces the cost of the system by up to 26%. Florida is also one of a few states that provide a 100% property tax exemption to homeowners who install solar panels.
Is a Hybrid Solar System Right for You?
If you’d like to learn more about the cost of hybrid solar system installation or the cost of solar panels, contact us at PES Solar at (800) 650-6519 today! We provide expert solar panel installation in Tampa, Orlando, and surrounding cities.
