How much do solar panels cost for a 2000 square foot house? This is one of the most popular questions anyone has when they’re considering installing solar panels. Hanfincal will show you the answer in this blog.
1. Solar Panels Price Per Square Foot
Solar panels cost between $4 and $10 per square foot to power your home. But most installers estimate solar costs based on the amount of energy required, ranging from $2.53 to $3.15 per watt before tax credits or incentives.
How Much Do Solar Panels Cost For A 2000 Square Foot House? Installing solar panels on a 2000 square foot house costs between $15,000 and $40,000.
Your costs are determined by:
- Your daily electricity consumption.
- How much you want to reduce your dependency on the grid.
- The duration of time per day you use electricity.
2. How to Determine the Quantity of Solar Panels
Divide the size of the solar system by the wattage of each panel (which averages around 300 watts) to calculate the number of solar panels required.
For instance, if you aim for an 8 kW system, you would divide 8 kW (or 8,000 watts) by 300 watts to get 26.67. Round up to 27, which is the number of panels required.
3. The Average Cost To Install Solar Panels
The first step in calculating your solar panel costs is determining the system size you need. The average residential installation ranges from 3 kW to 10 kW, depending on the location, size, and energy needs. The prices listed below include the Solar Investment Tax Credit (ITC), which reduces your total costs by 30%.
|System Size||Before Tax Credit||After 30% Tax Credit|
|2 kW||$5,060 – $6,300||$3,542 – $4,410|
|3 kW||$7,590 – $9,540||$5,313 – $6,615|
|4 kW||$10,120 – $12,600||$7,084 – $8,820|
|5 kW||$12,650 – $15,750||$8,855 – $11,025|
|6 kW||$15,180 – $18,900||$10,626 – $13,230|
|7 kW||$17,710 – $22,050||$12,397 – $15,435|
|8 kW||$20,240 – $25,200||$14,168 – $17,640|
|10 kW||$25,300 – $31,500||$17,710 – $22,050|
|12 kW||$30,360 – $37,800||$21,252 – $26,460|
4. What Determines The Cost Of Solar Panels?
4.1. The Roof Space and Material
Your solar panels can be installed either on your roof or elsewhere on your property as a ground-mount system. Roof-mounted systems are frequently more popular because they are typically less expensive and take up less space in your yard. Even if a house has the same square footage, not all roofs can accommodate the same number of solar panels.
Furthermore, the type of roof on which the system is installed may influence the cost of your system. Solar panels can be safely installed on metal roofs, shingle roofs, flat roofs, and other types of roofs. However, depending on the type of roofing, the equipment and labor required to mount your solar panels will vary.
4.2. Electricity Usage
Larger homes have higher electric bills; this is not always the case. Electric bills vary among houses of the same size and design. In most cases, the best size solar system for homeowners is one that generates enough electricity to completely cover their needs. It would be wiser to get your electric bill, figure out what you pay monthly, and then ask, “How much do solar panels cost for your electric bill?”.
4.3. Equipment Costs and Interconnection
The equipment you choose to install as part of your solar system will impact your system’s cost. The price is affected by the quality, type, and brand of your solar inverters and panels. Furthermore, the solar system’s location in relation to the utility interconnection can affect the cost of your system.
4.4. The Roof’s Orientation
Installing your panels where they will receive the most sun exposure is generally a good idea. The best roofs for solar power are those that face south, but the west- and east-facing roofs can also work.
The roof’s orientation also has an effect on the cost of solar panels. On a south-facing roof as opposed to west or east-facing roof, a 5 kW solar system with 16 330W panels would generate more electricity. A few extra panels would be added to the system to make up for this lost production, which could slightly raise the cost of your solar system.
4.5. Local Weather
Furthermore, the local weather in your area can influence the size of the system you require, so the price may vary depending on how much sunlight your area receives.
To compensate for cloudier weather, a system in the Northwest United States may require a few more panels, whereas a system in the Southwest United States may produce the same amount of electricity with fewer solar panels.
How much do solar panels cost for a 2000 square foot house? All the information you need is in this Hanfincal article. Contact us if you have any questions.