Solar panels are stealing the limelight for all the right reasons. They are perfect green solutions in times when climate change is a major concern. Moreover, they are easy to install and can be used by homeowners and businesses. Above everything, they also tend to be cost-effective in the longer run.
But what exactly is the solar panel price? This is a very common question that often hinders the buying process.
In this blog, we are going to discuss everything you need to know about solar panel prices – the factors that affect it and the factors that most people don’t even consider. Once you have an idea of this, it will be easy to determine the solar panels prices based on your budget. Keep reading:
Top Three Factors that Affect Solar Panel Price
- Types of Solar Panels
Typically, there are four types of solar panels available in the market - monocrystalline, polycrystalline, Mono PERC Half cut, and thin-film solar panels. The price of each varies. For instance, Mono PERC Half cut solar panel price is high since it is the most efficient one. On the other hand, thin-film solar panels cost less as they are also the least efficient.
- Number of Solar Panels, Size, and Weight
This factor is quite obvious: more solar panels mean more money. Thus, make sure you determine how much electricity you require your solar panels to generate and then make an informed purchase. For this, you can take the help of an electrician or a solar power expert. They will not only consider the power requirements but also the surface area of your roof to calculate how many solar panels you would need. It is only after these calculations that you can find out the exact solar panel price that you would need to spend.
- Brand
The brand you choose for your solar panel also impacts the price. If you select a well-known and reputable brand, you will have to little pay a higher solar panel price. However, this also means that such solar panels provide better performance and reliability. They are made up of high-quality materials and thereby; offer higher efficiency. Thus, although the solar panel price might seem higher, it also offers higher ROI in the long term.
Costs to Consider Beyond the Solar Panel Prices
The total cost of your solar panel is not just about its equipment price. A few other expenses add up once you decide to install solar panels. Thus, it is important to be aware of the extra costs so that you don’t end up with a bad surprise.
A few of the most common costs that will get clubbed with your solar panel price are as follows:
- Installation Charges
Buying solar panels is just the first step. You will have to get them properly installed to reap their benefits. And this step alone can cost you significantly. The final cost depends on the type of roof, your location, labour charge, and the size of the solar panels. Consider them all before making the final budget.
- Accessories
A solar panel is a part of the solar panel system. You also need to purchase other devices and accessories, such as inverters, batteries, wires, and other system equipment. So, don’t forget to add these as well.
- Roof
Yes, your roof also determines the overall solar panel price. In some cases where the roof is not at a suitable angle, the installer may have to build scaffolding that aids in tilting the panels correctly. Such extra work and materials cause an increase in the solar panel installation cost. So, do discuss such things before you begin the installation.
Summing It Up
When it comes to solar panel prices, it is not easy and also not possible to state an exact figure. However, knowing the factors we mentioned above helps in managing the budget. To get more idea of the solar panel price, you can also visit the website of brands like Luminous. They have a wide range of high-quality solar panel systems to suit your requirements. You can also contact them to get tentative pricing.
Solar panels are stealing the limelight for all the right reasons. They are perfect green solutions in times when climate change is a major concern. They are easy to install and can be used by homeowners and business. Moreover, they also tend to be cost-effective in the longer run.
But what exactly is the solar panel price? This is a very common question that often hinders the buying process.
In this blog, we are going to discuss everything you need to know about solar panel price – the factors that affect it and the factors that most people don’t even consider. Once you have an idea of this, it will be easy to determine solar panel price based on your budget. Keep reading:
Top Three Factors That Affect Solar Panel Price
- Types of Solar Panels
Typically, there are three types of solar panels available in the market - monocrystalline, polycrystalline, Mono PERC Half cut. The price of each varies. For instance, Mono PERC Half cut solar panel price is high since it is the most efficient one. On the other hand, thin-film solar panels cost less as they are also the least efficient.
- Number of Solar Panels, Size, and Weight
This factor is quite obvious: more solar panels mean more money. Thus, make sure you determine how much electricity you require your solar panels to generate and then make an informed purchase. For this, you can take the help of an electrician or a solar power expert. They will not only consider the power requirements but also the surface area of your roof to calculate how many solar panels you would need. It is only after these calculations that you can find out the exact solar panel price that you would need to spend.
- Brand
The brand you choose for your solar panel also impacts the price. If you select a well-known and reputable brand, you will have to little pay a higher solar panel price. However, this also means that such solar panels provide better performance and reliability. They are made up of high-quality materials and thereby; offer higher efficiency. Thus, although the solar panel price might seem higher, it also offers higher ROI in the long term.
Costs to Consider Beyond the Solar Panel Prices
The total cost of your solar panel is not just about its equipment price. A few other expenses add up once you decide to install solar panels. Thus, it is important to be aware of the extra costs so that you don’t end up with a bad surprise.
A few of the most common costs that will get clubbed with your solar panel price are as follows:
- Installation Charges
Buying solar panels is just the first step. You will have to get them properly installed to reap their benefits. And this step alone can cost you significantly. The final cost depends on the type of roof, your location, labour charge, and the size of the solar panels. Consider them all before making the final budget.
- Accessories
A solar panel is a part of the solar panel system. You also need to purchase other devices and accessories such as inverters, batteries, wires, and other system equipment. So, don’t forget to add these as well.
- Roof
Yes, your roof also determines the overall solar panel price. In some cases where the roof is not at a suitable angle, the installer may have to build scaffolding that aids in tilting the panels correctly. Such extra work and materials cause an increase in the solar panel installation cost. So, do discuss such things before you begin the installation.
Summing It Up
When it comes to solar panel price, it is not easy and also not possible to state an exact figure. However, knowing the factors we mentioned above helps in managing the budget. To get more idea of the solar panel price, you can also visit the website of brands like Luminous. They have a wide range of solar panel systems to suit your requirements. You can also contact them to get tentative pricing.
