What You Need to Know About Solar Panel Costs

 Solar panel costs can vary depending on factors like the type of panels, installation fees, and your location. On average, solar panels cost between $2.50 and $4 per watt, meaning a typical residential system could range from $15,000 to $24,000 before any incentives. The cost of using solar energy is further reduced by federal tax credits, which can lower the overall price by 30%. In addition to the upfront cost, there are long-term benefits, including energy savings and increased home value. The investment in solar panels often pays for itself within 6 to 10 years, making it a viable option for homeowners looking to reduce their electricity bills and carbon footprint.

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