The average cost of solar panel installation for your commercial or residential property will depend largely on the following 5 factors:

Energy Consumption: The first and most important thing to consider is how much energy does your property require to maintain its optimum comfort level? And do you desire your solar panels to cover a portion of your energy consumption or all of it?

Electricity prices: The average cost of energy consumption in your particular state will also impact the overall cost of going solar. Every state is different, with some states being above the national average and some being way below.

Sunlight exposure: Another important factor to consider when it comes to the cost of solar panel installation is the amount of direct sunlight exposure your roof gets on any given day. Here are a few key factors to keep in mind.

  • How many solar panels it will require to power your property.
  • The direction your roof faces will also impact the number of solar panels required to power your property. A south-facing orientation is always best, but it is not required.
  • And, in general, less shade is better.
    Price of equipment and installation: The price of solar panel installation will vary with every property, but the typical breakdown is as follows.
  • Equipment: 50%
  • Installation and permits: 30%
  • Operation: 20%
    Incentives: Another big factor in the cost of your solar energy system is incentives. Currently, the federal government is offering a 26% tax credit through the end of 2022. It will drop to 22% in 2023. Either way, this can have a significant impact on your overall cost of going solar.

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