About Us

What Makes Solar Panels So Expensive

If you want to save money on energy bills, one of the things you can do is to go off-the-grid. This means using alternative power sources and not relying on your local electricity provider for your energy needs. There are many options for you to choose from when you decide to create your own electricity, and one of the most popular options people turn to when going off-the-grid is considered is solar.

Going solar is a logical choice since the sun is there and it is a free source of energy that you can have at least 12 hours every single day. While the power of the sun’s rays is free for you to harness, the equipment needed for you to do that is not. In fact, solar panels and the other equipment needed for you to use solar energy for your home can be downright expensive. Why are solar panels and all the other parts of a solar power system expensive?

Reason for the High Cost of Solar Panels and Solar Power Systems

Going off-the-grid may be a cost-effective way to reduce energy costs, but the price you have to pay to get this done can make such a move seem counter-intuitive. The main reason why solar panels seem expensive is because of the other costs that come with having them. This means that the panels are not what make this system expensive.

The panels and other parts of your solar power system make up around 25% of the cost. This means the hardware costs you only a fourth of what you are paying to have your house on solar. What other costs are jacking up the prices of your solar power system?

How to Lower Your Solar Panel Acquisition Costs

While there is nothing you can do about lowering the tariff on imported solar panels or the amount that a company adds to the total cost of your solar power system installation plans, you can do some things to lower overall costs. One thing you can do is to take advantage of incentives and rebates that are being offered to those who choose to convert to solar energy in Florida. Another thing you should do is to partner with a solar installation company like Luma Dynamics that has affordable residential solar power solutions for you to choose from.

Find out how you can convert to solar today by contacting us at 844-202-7414 and we will gladly schedule you for a free evaluation and estimate.