Solar Panel Costs and Installation Price Guide

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Solar Panel Costs and Installation Price Guide

When you install solar panels on your home or business, you’ll start enjoying the benefits – tax credits, reduced energy costs, blackout safety, and more – immediately. Installing solar panels in a location with as much sunshine as Hawaii will surely lower your energy costs, and the equipment has become increasingly affordable. Despite these savings, determining whether the cost of equipment and installation is within your budget depends on a number of factors.

Factors That Affect The Cost of Solar Panel Installation

Location
The location of your home or business will affect the rooftop’s solar potential (quantity of sun it receives each year) and the amount of energy produced. Your location can also affect costs associated with connecting to the local grid, permitting, system inspections, and the amount reimbursed for adding energy to the grid.

Energy Needs
The amount of energy your home or office requires and the amount of sunlight received will dictate the size of the system you need to install and affect the overall equipment costs.

Type of Solar Panels
There are three types of solar panels. Each is made from a different material (monocrystalline, polycrystalline, and thin-film). Respectively, they range from most to least efficient and most to least expensive. The type of panels you choose for your home or business will depend on your overall energy needs, budget, and available roof space.

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Factors That Affect The Cost of Solar Panel Installation

Inverter and Other Equipment Options
In addition to selecting solar panels, you’ll also need to choose between an on-grid or off-grid system. Plus, additional pieces of equipment, such as an inverter which converts direct current to alternating current. The complete combination of solar power system equipment you choose will dictate the total equipment costs.

Labor Costs
The price of a solar power system will also include the labor costs associated with installation. These costs can vary depending on whether your installation is an upgrade or a ground-up build.

Tax Credits, Incentives, and Rebates
Both state and federal tax credits on solar energy expenses and additional rebates/incentives are currently available to Hawaii residents.

Get a Free Quote on Your Solar Panel Installation on Kauai or Oahu

If you’re thinking about upgrading your energy source, we welcome you to schedule a consultation with STI Solar, Roofing & Air Conditioning. Our experts will assess your home or business and talk with you about your energy goals and expectations before providing you with a free quote on the cost of equipment and installation. To learn more about solar energy and solar air conditioning or to get your free quote, contact us today!

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2021-03-05T18:39:02+00:00
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