Since solar energy is what we are banking on for our hope as a viable and backup energy option, we want to know how much are solar panels? It is kind of expensive at first when you are looking to install it at home or office. The expertise is new and lots of expensive elements and unique engineering goes into developing the photovoltaic or PV cells which systematically rises the price of these cells. With the improvement of this technology and increased understanding of the community and its people, the demand for this PV cells is on the rise. As such, you can always conclude these cells to be expensive. On top of that, people are also looking to find different power alternatives that will lessen their electricity bills and keep them enough to take care of other household chores.
Solar panels are too costly
While it’s true, this electricity source is like no other, still it hasn’t been able to make much headway in terms of getting into the commercial segment. There can be lots of reasons why it hasn’t been in utilization by most of the people. The key reason being the expertise that is behind the creation of the PV cells has not been optimized to ensure that it replaces the common power solutions that are in use today. This also indicates that there are only a handful of companies that are specialized in the manufacturing of these PV cells. Without stiff market competition in this segment, the price of the PV cells will remain expensive in the market. So, ‘how much are solar panels’ is really a dilemma that contains a lot of speculation from our perspective. These underlying details play an important role in making the price of these systems extremely high.
Prices do differ as per certain criteria
So, if we are looking for the prices of the solar panels then we need to check out the prices that are provided by multiple manufacturers. For example, if we are looking for 4.5 ampere solar unit then it would cost you approximately 300 dollars roughly. In addition to the unit, there are other components that you would need to make the system succeed and these involve meters, brackets, regulators and wiring. The whole package would add another hundred to two hundred bucks. This means that a single panel of solar system would cost you around four hundred to five hundred dollars. The high price of these systems is one of the major factors why solar energy systems are not that popular among people and its implementation and recognition rate is critically low.
So, how much are solar panels? The cost of the solar panels and the system depends entirely on the model of solar panel you are looking for. The price will vary according to your requirements and preferences i.e. whether you are looking for professional purpose or for household purpose. If you are looking to power your entire house with solar panels then it can drain a significant cost of your savings as it can cost you anywhere from $30000 to $50000. Optimistically, the price of these products and panels will come down in the coming years with increased awareness and more solar panel manufacturers in China.