Frequently Asked Questions about Household Solar Panel
Over the past decade, the use of home rooftop solar has exploded globally, as household solar panels have become a very popular investment. Driven by the need to reduce emissions in a time of global climate change, households and businesses everywhere are transitioning from fossil fuel grids to a clean energy economy. Rooftop solar panel systems for homes are taking off at breakneck speed during the energy revolution. In the long run, a household solar panel is one of the best ways to save money and have a positive environmental impact.
1. How much has the price of house solar panels dropped in recent years?
US household solar panel installation costs have fallen by about 70% over the past 10 years. In the last year alone, costs in the residential market have fallen by 5%. There's no question that solar power has grown from a clean tech commodity to a smart home upgrade that millions of Americans are considering. Installing a household solar panel on your roof is one of the smartest decisions you can make today.
However, if you are still hesitant to make an upfront investment in a household solar panel, rest assured that there is a guarantee to give you peace of mind and trust that you will see significant savings from a household solar panel. There are usually two main types of warranty for household solar panels: product warranty and power warranty. Also known as a materials warranty, product warranties cover the integrity of the device itself and typically last at least 10 years, with top-tier product warranties typically lasting 25 years.
2. What is the difference between commercial solar energy and a household solar panel?
Commercial solar projects may power the operations of a town or company. As such, they vary widely in size and cost. In contrast, house solar panel systems tend to remain a consistent size (between 6 and 12 kilowatts on average). Due to their relatively small size, rooftop household solar panels are an achievable energy upgrade that can offer homeowners of any income level significant savings on their electricity bills. Commercial solar, on the other hand, requires a lot of investment and a group of investors.
3. How much does a house solar panel cost for a house of 2000 square feet?
The average 2,000-square-foot home is estimated to require approximately 9,420 kWh of electricity per year, which requires approximately 29 panels. The total cost of a house solar panel for a 2000-square-foot house is the cost of the panel plus installation.