If you’ve been considering solar energy for your home, now might be the perfect time to take the plunge! According to a recent report from EnergySage, the cost of solar panels has reached an all-time low, making this a prime opportunity for homeowners to harness the power of renewable energy.

Solar Panel Costs on the Decline

The national average cost of solar panels has dropped to $2.69 per watt, down significantly from previous years. This decline in prices is attributed to fewer supply chain disruptions post-pandemic and changes in state policies affecting solar installations. For example, California's recent adjustments to net billing have made solar less appealing in the largest state, but many other states are still seeing the benefits of lower costs.

The Average Payback Period Is Improving

In addition to falling prices, the average payback period for solar systems has decreased from around eight years to just 7.5 years. This means you’ll start seeing a return on your investment sooner than before!

State-by-State Variations

While solar prices are decreasing nationwide, they can vary by state. Arizona and Texas boast the lowest solar prices, while Rhode Island has the highest. States like Florida, California, Texas, and Nevada all report costs that are around 30 cents per watt below the national average.

Choosing the Right Solar Equipment

With numerous brands on the market, it’s essential to select high-quality equipment for your solar system. According to EnergySage, popular brands like REC and Qcells dominate the solar panel market, while Enphase continues to lead in inverters.

Why Go Solar?

If you have high electricity bills and live in an area with abundant sunlight, investing in solar can lead to significant savings. Even if you don’t reside in a particularly sunny locale, you could still benefit from reduced energy costs.

Take Advantage of Financial Incentives

Despite the declining prices, solar systems can still be a significant investment. Fortunately, there are various federal, state, and local incentives to help offset these costs. For instance, the federal solar tax credit allows you to claim up to 30% of your system's total cost on your taxes. Additionally, states like New Jersey, Washington D.C., New Mexico, and Illinois offer their own incentives for solar energy.

Get Your Quote from Rockwell Energy

At Rockwell Energy, we are dedicated to helping you navigate the solar installation process and find the right solutions for your home. If you're interested in going solar, don't hesitate to reach out for a personalized quote. Our team will guide you through every step, ensuring you make an informed decision tailored to your energy needs.

Ready to explore your solar options? Contact Rockwell Energy today to get your free quote and see how you can start saving with solar energy!