How Much Will You Pay For Solar?
A common question many homeowners ask when they decide to go green is, how much does it cost to install solar panels in Saskatchewan? Saskatchewan is among the best provinces to install a solar system. Besides solar power being good for the environment, it saves you money on utility bills. Also, you can sell your excess energy to the local grid. So, if your home is in a place that receives sufficient sun exposure, you can benefit from installing solar panels. But what's the cost of solar panel installation?
Solar Panel Cost Saskatchewan - Average Estimates
Most solar installations range between $2.00/W and $3.00/W, translating to approximately $15,000 and $20,000 for residential solar systems and $30,000 to $50,000 for commercial and agricultural solar systems. Nevertheless, the cost of solar panel installation varies depending on the following factors:
Solar panel requirements for most households range between 5 and 10 kW. Going by the 4kW system and the rate of $3/W, you need around $15,000 to install solar panels in your home. The wattage price is inversely proportional to the system size. Therefore, an extensive system may cost less than $3/W. However, you can use Saskatchewan solar panel incentives and rebates to lower your installation cost.
How to Finance Your Solar Panel Installation Project
You'll save more if you buy solar panels in cash than if you go for leased panels. However, cash purchases might be unfeasible for you. Therefore, you can get a bank loan, combining the benefits of a lease and a cash purchase. A bank loan can reduce your upfront payment when buying solar panels. Also, it can increase your payback by a small amount. Also, consider clean energy financing that provides low interest rates. Some financial institutions or banks can also offer the same. So, you can install solar panels even if you have limited cash to buy them.
Install Cost Effective Solar Panels Today!
Solar panel installation cost varies depending on the installer, your location, installation complexity, and equipment. However, investing in this project eventually brings substantial savings by reducing your monthly utility bills. Also, it helps you reduce your carbon footprint, which is good for the planet.