Title: Solar Prices for Homeowners: Navigating the Decline
Hello Solar Enthusiasts!
There’s good news for anyone considering installing solar arrays for their homes. Recent research indicates that the prices for residential solar installations are enjoying a period of steady decline, resting around an all-time low. On the EnergySage platform, for instance, the average price for home solar services was noted to be $2.69 per watt for the first half of 2024. This is a 4% decrease from the second half of 2023, and only 1% higher than the historical low of $2.67 per watt noted in the first half of 2021.
If you’ve been considering going green and inquiring about solar panels for your home, these stats could be music to your ears. Solar companies have benefitted from a steady supply and weakened demand due to policy changes like California’s net billing tariff and rising interest rates, leading to these more accommodating price cuts.
It cannot be overstated how exciting this news is for homeowners. After enduring pandemic-induced supply chain constraints that led to cost increases for a 2.5-year stretch, we’re now seeing costs fall for two consecutive six-month periods, making home solar options even more accessible to average homeowners.
Notably, the EnergySage report also outlined a surge in the selection of battery energy storage alongside solar projects. Storage attachment rates reportedly tripled year over year to 34% of solar projects nationwide in the first half of 2024.
Furthermore, storage prices hit an all-time low of $1,133 per kWh, thus propelling more homeowners than ever before to adopt storage. This trend is mainly driven by the decline in net metering charges and the increasing number of weather-related outages. So, alongside looking for solar companies to install panels, homeowners are searching for effective and affordable energy storage solutions.
So, if you’re considering delving into the world of solar, this is undoubtedly a great time. You can start by finding a trustworthy, reliable solar company near you offering competitive pricing. Some services can help you compare prices, features, and reputability of different solar companies to ensure you get high-quality solutions.
It’s worth noting that seeking professional assistance from platforms like EnergySage can help save 20 to 30% compared to making the journey alone. These platforms present you with personalized solar quotes easy to compare online and offer impartial Energy Advisors to assist and guide you every step of the way.
In practical terms, the continuous decline in solar prices results in big savings for homeowners, making solar panels for your home an even more affordable and environmentally friendly choice. As the era of green living continues to evolve, the world of solar energy becomes brighter and more accessible to all.
Original Articlehttps://pv-magazine-usa.com/2024/09/18/u-s-residential-solar-prices-hovering-near-all-time-low/
