According to the Solar Energy Industries Association, the cost to install solar has dropped by more than 70% over the last decade thanks to federal, state and local solar incentives such as the Investment Tax Credit, more commonly referred to as the Federal Solar Tax Credit.
According to the Office of Energy Efficiency & Renewable Energy, an office of the U.S. Department of Energy, solar power is more affordable, accessible, and prevalent in the United States than ever before.
There is no one-size-fits-all answer to how much do solar panels cost? Solar panel cost will vary from system to system. Factors that can affect the cost of your solar energy system include:
● How you acquire your solar energy system (purchase, lease, finance, power purchase agreement)
● Availability of federal, state, and local solar incentives, rebates, and tax credits in your area
● The size of your solar power system
● The energy consumption of your home or business
● The energy production of your solar system
● Net metering availability and policies
● The cost of electricity in your market
● The sun exposure of your roof/property.