There’s no doubt about it, the home solar market is growing at a rapid rate. With the increased risk of power outages due to extreme weather and high demand, more and more homeowners are looking to take control of their electricity. But for many, the burning question seems to be how much will energy independence cost them?

Believe it or not, there are quite a few factors that contribute to the price tag of solar power. Probably the most obvious expense is the hardware. Several components make up a solar system. The solar panel alone features solar cells, inverters and mounting hardware. Then there are wires, conduits, racking – you get the picture. Most companies pairs world-class technology with high quality solutions that output more power than a conventional solar system.

Solar panels are often priced based on factors such as their size and wattage. Both size and wattage have a lot to do with how efficient a solar panel is. More wattage means higher efficiency. Higher efficiency systems require fewer solar panels in less space than conventional solar. This can be very useful for homes with minimal roof space, but it also equates to a faster installation due to fewer materials needed.

Which brings us to our next cost to factor in — installation. Solar installers are trained and educated in a very specialized trade. It takes an entire team of these knowledgeable professionals to complete a solar installation. Part of the cost of a solar installation goes into paying these people for their hard work and expertise.

If you are considering making the switch to solar power, make sure to do your research about the specs, design and price of your desired solar system.

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