Cost of Solar in 2023
Now is the best time to go solar. If you had tried to buy residential panels a decade ago, it would have cost you more than $50,000. Now, homeowners are choosing solar for around $23,000 on average.
Your system’s cost will be similar to this when it comes to the big numbers. However, you’ll see many little price variations according to your location, needs, and equipment.
Contact us to get a more accurate estimate for your home’s solar charges.
Residential solar keeps getting more affordable
As billions of homeowners across the country install rooftop solar panels, the cost of solar dives downwards. The costs increased slightly in 2022, but they are predicted to fall again once the supply chain issues are resolved soon.
Current solar panels are also more powerful than ever before. Advanced photovoltaic (PV) technology gives you more electricity per panel.
Traditional electricity costs reached new heights after the recent pandemic, climate crisis, and shortage of natural gas. This is motivating homeowners to go solar, resulting in the 6th year of record solar growth in 2022.
Now is the Best Time to Choose Solar
| Incentive | Value |
|---|---|
| Federal Solar Investment Tax Credit (ITC) | Homeowners who purchase solar in 2023 are eligible for a 30% tax credit. |
| Residential Energy Conservation Subsidy Exclusion (Personal) | Energy conservation subsidies for homeowners do not have any tax. It applies to energy-saving devices (and not solar electricity.) |
| Self-Generation Incentive Program (SGIP) | Tax rebates for homeowners who install solar panels with a battery. |
| Solar System Property Tax Exclusion | Solar system adds value to the property, but offset as much as 100%.homeowners don’t have to pay taxes on this additional value. |
| Local Utility Company Rebates | Your local utility company might offer rebates or net metering policies if you are a customer choosing solar. |
Why should I choose Mianro Solar?
Your home solar needs and financial choices are unique, and the experts at Mianro Solar are adept at providing customized solutions to our customers. Our solar purchase, loan, and lease options help you find the solar funding that makes sense for your lifestyle. Your solar costs will remain predictable for 20 years (on even longer!) We also provide our industry-leading service package, including installation, roof renovation and safety, monitoring, and regular maintenance.
Powerfull FAQs
The total up-front price for a home solar system can range from $17,430 to $23,870. Your actual cost will also be affected by region, system size, and equipment manufacturer. Costs may vary if you choose a lease or a loan with reasonable interest rates.
Your solar panels need regular cleaning and maintenance to stay at maximum efficiency. On average, you can clean your panels twice per year, and it will cost around $150 each time. If your system needs repairs, it’ll be an addition to this cost.
If you purchase or loan your solar, you’re responsible for its maintenance, but our top-quality equipment warranties give you some leeway. You also have the option to lease your solar power and let us handle all cleaning and repair for you.
You can benefit from the federal tax credit, and your state might also offer additional incentives on top. Consult your tax professional to learn about the rebates and credits you qualify for. You can also purchase solar upfront from Mianro Solar. We will handle the documentation, installation, and upkeep.
