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What Do Solar Panels Cost and Are They Worth It?

October 31, 2020

If you have a high utility bill but live in a really sunny area, you may be missing out on a solution to your expenses that will be great for both your finances and the environment: solar panels. There are misconceptions that claim solar panels are more expensive than they are worth, but solar energy is a long-term investment that will save you a great deal each month over time. Indeed, for those who have made the switch to solar, their return on investment has been well worth the initial cost.

How Much Do Solar Panels Cost?

A common misconception is that solar panels are extraordinarily expensive no matter where you live. In truth, solar panel systems vary in cost depending on the size and type of solar panels you choose. The average system may cost anywhere between $15,000 to $25,000. However, before you scoff at that number, consider the economic returns after making the initial investment.

It is undeniable that electricity is rising in costs and the cost of electricity in Florida averages slightly higher than in other southern states. Fortunately, the higher your electricity bill, the more you’re likely to benefit from a professionally installed solar panel system. This is particularly true if your house is oriented towards the sun. If your residence aligns with such optimal conditions, then solar panels will deliver returns and savings that will far outweigh their initial costs. Furthermore, once you make the initial investment, you can rest assured knowing that your solar panel system will require little to no maintenance as they are designed to last for over 20 years.

The Long-Term Benefits of Solar Panels

In addition to monthly energy bill savings, there are a number of long-term benefits to installing solar panels on your home. New solar panels are sleek, making installing them not only a great move financially but also an excellent aesthetic choice that can add significant curb appeal and resell value to your home.

Other benefits include government incentives. The government offers homeowners a number of incentives for installing solar panels, including:

  1. Cashback
  2. Expedited permits
  3. Federal solar power rebates
  4. Property tax exemption
  5. Waived feeds

When you’re ready to make the switch and start enjoying some of the cost-saving benefits of solar energy, consider contacting PES Solar.

Your Solar Panel Experts

If you’re considering installing solar panels on your home, go to the solar panel experts who have been serving satisfied homeowners with quality solar panels for the past 20 years. With an A+ rating from the Better Business Bureau, PES Solar will provide you with a solar panel system that produces the energy and savings you need. We also offer zero-down financing pending credit approval. For all of your solar panel needs, contact PES Solar today at (800) 650-6519.