How Much Does Solar Panel Installation Cost For 2,000 Sq Ft Roof?
Discover how much solar panel installation costs for a 2,000 square-foot home. From the number of panels to the power output, a lot goes into calculating the cost of a solar panel installation. We’ll tell you everything you need to know.
CALCULATE NEEDS BY:
- ACTUAL Square footage
- Higher monthly energy consumption
- Fewer sunny days
- Solar panel type
Between 2010 and 2020 the cost of solar energy fell by 50%, making it cheaper and easier to produce than ever.
If you’re interested in getting the benefits of a solar power system, you need to understand the solar panel installation cost. Solar power can make dreams come true, from nomadic lifestyles to off grid living and even suburban homes that want some savings. Let’s find out what the true cost of solar energy is.
To find the cost of the solar, let’s take a look at what a solar installation looks like, and how you are charged.
2000 Sq Ft Solar Panel Installation Cost
The average cost of a 2000 sq. ft. solar panel installation can vary between $9,500 and $12,000 dollars. The type of solar power system you choose will have a big impact on this cost. This average is found by the average watts used by a 2,000 sq ft home, so the less electricity you need, the cheaper the system.
Also, it will be important to determine what type of solar panels you prefer such as:
- Monocrystalline Solar Panels
- Polycrystalline Solar Panels
- Thin-Film Solar Panels
How Much Solar Power
The real way to estimate the cost of a solar power system is to understand how large and powerful you want the system to be. The more watts that the system generates, the more expensive it will be. The average cost per watt ranges on a state-by-state basis.
On average you can expect around $2.50 cents per watt, but be prepared to spend more. The other impact on this price is solar tax credits which can be used to defray some of the cost. That defrayment in 2021 will be around 22% of the total cost of installing solar panels.
Other Costs For Solar Power
One thing you will need is a home inverter so that the power becomes usable energy for your energy needs. The cost for the average inverter can range, but expect to pay up to $1,500 for the inverter. You will also have to pay several hundred dollars in labor costs for the installation of mounts and panels.
The total cost for a system designed to handle a 2000 sq ft house can reach up to $4,000 once all labor is factored in. Of course, having a solar system will do more than save you money, it can remove your reliance on the grid. To get full independence you will also have to buy a battery bank to store power in.
While the solar panel installation cost continues to go down, their efficiency continues to increase. The amount that a solar energy system can save you varies depending on how much energy it makes. If you live in a warm, sunny area, you could save up to $95,000 over 35 years.
For most homes, an average of $1,500 a year is normal in cost savings on energy bills.
Popular Benefits of Solar
Solar Energy Lowers Electric Bills
Solar Energy Gets You Hefty Tax Incentives
Solar Energy Can be Coupled With Solar Battery Storage
Solar Energy is Environmentally-Friendly
Solar Power Systems
The solar panel installation cost is a major factor in how large of a system you will end up with. Being able to invest more in your solar power system will allow you to save more over time as well. Soon you won’t be reliant on the grid for energy.