How Much Do Solar Panels Cost In 2024?

13 May.,2024

 

How Much Do Solar Panels Cost In 2024?

On top of the typical costs of installing solar panels, you’ll also want to consider maintenance, cleaning, home insurance, monitoring, tree trimming, roof repair, solar panel repairs and solar roofs.

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Maintenance

Maintaining your solar panels costs anywhere from $140 to $180 annually or an average of $150 per year if you hire a pro to maintain your solar panels. At this cost, your pro will inspect the panels for signs of repairs.

Cleaning

If you also want to hire a solar panel company to clean your solar panels, this will be an additional cost of around $150 per cleaning. For someone with the proper equipment, safety knowledge and experience, this could be a DIY-friendly job that only costs a one-time payment of around $100.

Once you invest in the initial amount for cleaning equipment, such as an extension ladder, garden hose spray attachments, squeegees, soft brushes and a one-gallon handheld sprayer, you’re essentially cleaning your panels for free—minus the labor and time commitment. It’s not recommended, however, to undertake this project without the proper skills. Safety is of the utmost importance even if you have to pay more.

Yearly cleanings can help improve the performance of your panels by ensuring debris and dust aren’t blocking sunlight from hitting the panels.

Home Insurance

Solar panels can increase your home’s value, which in turn may increase the cost of your homeowner’s insurance. According to a 2018 to 2019 study by Zillow, homes with solar panel systems sold for $4.1% more than similar homes that didn’t have solar panel systems. However, this doesn’t necessarily translate over to your homeowners insurance. You’ll want to check with your insurance company to see if installing solar panels could increase your rates.

Solar System Monitoring

Depending on your solar panel company, some installers offer complimentary solar system monitoring that allows you to see your solar panel production in real-time and even view your electric usage to modify your lifestyle and make the most out of your solar panel system.

Elevation Solar is a good example of a solar company that integrates whole-home energy efficiency solutions. Other companies, like Palmetto Solar, may charge extra for monitoring services, so read the fine print of your solar panel installation company before you buy.

Tree Trimming

In some cases, you might want to invest in tree trimming services to help clear the way for sunlight to reach your installation site. The cost to trim a tree falls between $250 and $700 per tree.

Roof Repair

Your roof needs a strong, sound foundation if you choose to install solar panels. Repair or replace old roofing beforehand to ensure that your home is safe from the elements and that no hazards will come from installing the panels. The average roof repair costs $950, but prices can range anywhere from $150 to $7,000 depending on the extent of the damage. Roof replacement costs even more, with prices ranging from $6,700 to $80,000, or $11,500 on average.

Solar Panel Repair

The cost to repair solar panels ranges from $200 to $1,700 depending on the severity of the damage. A small crack will cost the least to repair while repairing a solar panel inverter tends to fall at the higher end of the price range.

You may have an active solar panel warranty or comprehensive warranty through your solar panel installation company, so look at your warranty to see if you can save on the cost of repairing your panels. Most manufacturers offer a 25-year warranty.

Solar Shingles and Tiles

The average cost for solar shingles ranges from $15,000 to $20,000. At $88,500 for a 6.31 kW solar roof. Tesla roofs and Powerwalls cost significantly more but also come with a battery storage system. Some homeowners opt to install solar shingles or solar roofs. These roofs replace your existing roof and protect your home from the elements while providing your home with an attractive, energy-efficient bonus.

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“One might want to consider the inverter system size and how it will affect the cost of the system. In some cases, another inverter can be installed to prevent inverter clipping or curtailment from higher than 1 ILR.”
– Remi Akinwonmi

Monocrystalline solar panels for sale | Buy online for home ...

Monocrystalline solar panels

The majority of PV modules in use and for sale are monocrystalline panels. They are the best type in terms of efficiency/price ratio at the moment. In this section you’ll learn some details about them.

What are Monocrystalline Solar Panels?

Monocrystalline solar panels differ from polycrystalline in the way they are produced. To make them, engineers get cells from one silicon crystal instead of melting together several of them. The difference in color between mono- and poly- panels is explained by the antireflective coating. The modern technology called “black silicon” is used to make monocrystalline panels.


Most manufacturers focus primarily on monocrystalline panels as an efficient and modern type, but still affordable at the same time. While many see great potential in thin-film panels, rigid PV mono-modules currently have a larger scope of application.

Efficiency of monocrystalline solar panels

Efficiency of your panel determines how much sunlight it can actually turn into energy. Obviously, the higher it is, the better, and it is especially important when you don’t have much space. Mono-modules have the highest efficiency of three most prominent types. Best monocrystalline solar panels on the market have 20 %. Apparently, Jinko Solar has set a record of 23.25% conversion rate with their n-type mono-panels in summer of 2021. 

Benefits of Monocrystalline Solar Panels

When it comes to advantages that monopanels have before other widespread types, they include:

  • Best efficiency among the most prominent types;
  • Better performance at high temperatures;
  • Longer lifespan than any kind of flexible panels;
  • Best warranties in the industry are issued for monocrystalline panels;
  • Stylish look and visually appealing design.


Average prices for monocrystalline panels

Mono-panels are slightly more expensive than polycrystalline modules. However, prices have already dropped by 80% in the last 10 years and we expect them to keep falling. The brand and the number of watts that a panel provides are what determines the price. The cheapest and relatively weak Chinese panels can cost around $100-$120. High-quality super-powerful Panasonic modules reach $450-$500 in price per unit. We provide a variety of monocrystalline solar panels for sale from brands all over the world so you can find the one model that fits your preferable price range. 

Lifespan

The lifespan of a PV module is said to be around 25 years on average, but they usually live much longer than this. A panel doesn’t explode or crumble to pieces after the warranty runs out – it just keeps on slowly losing power year after year. Some manufacturers even issue a 30-year performance warranty that ensures that the output of your panels won’t drop below a certain threshold even after three decades. To prolong the lifespan of your panels we recommend regular checkups by an electrician and occasional cleanup.


How to choose the right monocrystalline solar panel

When it comes to choosing panels, you need to think about their purpose and their working conditions. Ask yourself following questions:

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  • Is it for home or business? Residential systems mostly consist of 300-350W 60-cell or 120-cell panels. PV modules for commercial systems are 400 W and have 72 or 96 cells each.
  • What is the weather like in my area? Is it cloudy or sunny? Is it hot? Do strong winds, extreme weather conditions and natural disasters occur on a regular basis? The answers determine whether or not you need panels with good performance in low-light conditions, improved tolerance to high temperatures or reinforced panels that are especially sturdy.
  • Is shading going to play a part? Shading affects some panels more than the others. Look for panels with good shading tolerance and at least 3 bypass diodes in construction.