Everything About Solar Panel Installation and ROI | Sun Max Solar

The history of Solar Energy dates back to 1954 when Daryl Chapin, Calvin Fuller, and Gerald Pearson developed the Silicon Photovoltaic Cell – the first solar cell that had the ability to convert the solar energy enough to power everyday electrical equipment. With time, the developments in technology have allowed us to harness the same energy to power our homes and even our commercial buildings more efficiently and effectively than before.

Cost of Solar Energy Today

Let’s be very precise! The cost of building a typical rooftop solar panel system typically ranges between $3,000 and $12,000. The price depends mainly on where you live, as well as the size of the solar panel system that you are trying to build – the bigger the system, the more costly it will be. Such rates factor in discounts from the Small Scale Technology Certificate (STC) incentive from the Federal Government, which offers a significant discount of up to several thousand dollars. That again depends on your location and the capacity of your solar PV device.

The average price you would expect to pay for solar installation is, as a very general rule, $1.40 per watt or $1,400/kW. It is also worth mentioning that with larger solar energy systems, the price per watt will decrease.