A shopper may know how much he or she paid for it, but that doesn’t mean the consumer knows how much a shirt, in general, costs. At this point, you will be in a position to make a final calculation, and an assessment of whether solar power makes sense for you. In Hawaii and some parts of the Southwest, solar has already dipped below “grid parity. But that still leaves what experts call “soft costs,” everything from permitting fees to the hardware that mounts Solar panels onto a roof.
But that still leaves what experts call “soft costs,” everything from permitting fees to the hardware that mounts solar panels onto a roof. That works because electricity is already expensive in those places, and because locations are ideal for producing solar electricity—lots of clear, sunny days.
Is solar expensive or cheap?
According to the Solar Energy Industries Association, the cost to install solar panels has dropped more than 70% in the past decade. The second is due to soft costs, which include a professional solar installation that is safe, compliant with local codes and manufacturer warranties, and can pass the necessary inspections. Producing it requires advanced manufacturing and expensive raw materials, such as high-grade silicon for solar panels and lithium for solar batteries. However, solar panels can continue to provide power due to net metering surplus power is transferred to the public utility power grid to offset the costs.
Determining whether to install a PV solar system may seem like a daunting task, but it is important to remember that such a system is a long-term investment.