Solar Pannels

4 Factors in Solar Panel Pricing

The price of residential solar panels is one of the first concerns of homeowners considering adopting solar energy. Rightfully so – homeowners need to ensure that a solar panel system is within budget before making a purchase. However, the truth is that solar panels can vary in price depending on a number of factors. The price of your solar panel system may not be the same as that of your neighbor’s, for instance. 

That said, you can understand the factors that influence solar panel pricing can help you determine whether or not a solar panel system is within budget. Additionally, your Albuquerque solar panel experts can provide pricing information for your solar panel installation. 

The Roof

Given that your solar panels will be installed onto your roof, it’s unsurprising that your roof will impact the overall price of the solar panel system. Both the type and condition of your roof in Albuquerque will affect the price of your solar panels. 

Type of Roof

The angle of the solar panels on your roof will make a large impact on the energy output of the solar panel system. Your solar panel installer will aim to position the solar panels for maximum sun exposure. Generally, for traditional sloped roofs, angling the solar panels for optimal sun exposure is simple. This task becomes more difficult for flat roofs, which are traditionally found in commercial solar panel applications. 

The type of material used to construct your roof can also impact the price of the solar panel system. Some roofing materials demand more work during solar panel installation than others, thus demanding a higher price. 

Condition of Roof

For roofs that are on the older side and will soon need replacement, it’s wise to complete the roof replacement before solar panel installation. If you decide to complete these processes the other way around, it will cost more money in the long run. This is because to replace your roof, you’ll have to have your solar panel installer return to your home, remove the solar panels, then reinstall them once the roof has been replaced. This is a tedious process that can be avoided by having the roof replaced first. However, roof replacements are significant investments. So, in this scenario, the upfront cost of having a solar panel system installed will be higher. 

The Number of Solar Panels

As you would likely expect, the number of solar panels in your solar panel system will impact the total cost. More solar panels will cost more, but will also allow for a higher energy output. This means that a larger solar panel system will also lead to lower energy costs over time, and will enable your household to become energy-independent more quickly. 

The question of how many solar panels to have installed for your Albuquerque home will come down to upfront cost vs. long-term energy production. You’ll gain greater energy savings with a larger solar panel system, but the upfront cost will be higher. So, consider your budget and long-term financial goals before settling on the right number of solar panels for your home. Your solar panel installation team can also help you make the right decision considering the size of your home and your household’s typical energy consumption. 

The Variety of Solar Panels

Not all solar panels are made equal. Crystalline solar panels are among the most durable and energy-efficient solar panel types around. However, thin-film solar panels are also available and, while less long-lasting and efficient, cost less upfront. With this in mind, the type of solar panels that you choose will impact the upfront cost of your solar panel system. It’s worth noting that crystalline solar panels will save you more money in the long run, given that they’ll produce more energy for your home in the same amount of sunlight. Plus, crystalline solar panels will provide a longer lifespan than thin-film panels. 

The Solar Panel Installer

The price of your solar panel installation can also come down to the installer that you select. As a trusted solar panel company in Albuquerque and beyond, EcoSave Solar provides competitive pricing and industry-leading quality in our services. Contact us today to learn more.

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