Residential Solar Panel Cost in 2022



So you like the idea of going solar, but what are those solar panels going to cost you? The answer is not a one-size-fits-all type of deal.
The true cost of going solar for your situation is dependent on a few key factors that we’re about to go over.

  1. Energy Consumption
  2. Electricity Prices
  3. Sunlight Exposure
  4. Price of Equipment & Installation
  5. Incentives

cost of solar panels factors

1. Energy Consumption

The first thing to consider in the cost of solar is how much energy does your household consume? You may want your solar panels to cover all of your household energy usage, or just a percentage of it. If your family uses a lot of energy and you want your solar panels to generate all your power, that will affect how large your solar installation will be (and how many solar panels you’ll need to purchase).

Whether you want your solar panels to cover part of your electric generation, or all of it, will have a big impact on what the overall cost of your solar panel system will be- the more energy you want, the more solar panels you’ll need.

2. Electricity Prices

Something else to consider in the cost of solar panels is your electricity prices. Every state is different, some state prices are well above the national average, some are well below. Pull out some of your electric bills for the last year (or years if possible) and check it out. Also be sure to have these available during a consultation with a Solar Sales Specialist.

It’s also helpful to understand your electric company’s net metering standards. All of this will have an effect on the number of solar panels you should install to cover your electric needs.

3. Sunlight Exposure

Missouri Solar Panel Installer

Sunlight exposure is the measure of how much sun your house (or rather, roof) gets during the day. This is broken down into three different factors that are evaluated when you have a consultation with a Solar Sales Specialist.

Roof Size and Type: The bigger your roof is, the more potential sun your roof gets. This is also a factor in how many solar panels you will be able to get installed.

Roof Orientation: The optimal direction for your roof to face is towards the south. Although your solar panels can capture sunlight from any angle, the southern direction is best for solar power generation. If most of the space on your roof is facing towards the south, that means you may need fewer solar panels to generate the amount of electricity that you would like to produce. If it doesn’t face south, there’s still options that could work for you and your home.

Shade: Although most people have a tree or two in their yard, when it comes to solar panels, less shade is best. Because solar panels need direct sunlight to generate electricity, too much shade can lower your solar panel’s efficiency. This will keep them from producing power from your home, and may potentially lower your savings.

4. Price of Equipment and Installation

cost of solar panels factors
What is the cost of solar panels for my home?

The price of solar panels varies widely depending on how many you need for your home energy consumption. The cost can also vary widely depending on the brand you choose. Think about it in terms of purchasing any other type of equipment: the high-end brands can be pricier, but they will last longer, produce better output, and will come with long warranties. These are all extremely important factors considering the price of initial installation and that these panels should last you over 20 years.

How much do solar panels cost for a 1500 square foot house?

The price for your solar panel system will vary depending on your home’s energy needs and if you’ll want to provide your home with 100% solar energy. It also varies on the type of panel you’re planning on purchasing. A very rough estimate for a typical 1,500 square foot home in the U.S. would include covering around $100/month for an average electric bill. This would mean between 15 and 18 solar panels.

How much do solar panels cost for a 2000 square foot house?

For a 2,000 square foot house, around 16 to 25 premium solar panels will supply 100% of your home’s electricity needs. Again, discuss this with a Solar Sales Specialist in your area.

How much does it cost to install solar panels?

The price of installation of solar panels can also vary widely depending on your individual factors, so it’s best to get an official quote from a reputable solar company. Another expense to factor into the installation price is the permits needed to get solar panels added to your home. However, if you choose a good solar company, they should take care of this for you.

Here are a few things to be on the lookout for when getting a quote from solar companies.

how to choose the right solar company

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5. Incentives

Last but not least, the true cost of going solar depends highly on any incentives that are available to you. Your solar company will take into account any available incentives to help you cover the cost of solar panels. This includes the 26% Federal Solar Tax Credit and any incentives offered by your state.

Keep in mind that the 26% tax credit applies as long as the home solar system is installed by December 31, 2022. Starting in 2023, the value of the tax credit will step down to 22%. After 2023, the tax credit for residential solar ends.

In addition to incentives, if your state participates in net metering, you’ll have more chances to increase your initial investment of your solar installation. Each day your panels produce more energy you can use, you’ll be able to sell that excess energy back to your utility company.

Another secret way to pay off the initial investment of your solar installation is through the ADT Solar Referral App. You can earn money just by telling other homeowners you know about your experience of going solar!

Incentives like these can help greatly reduce the overall price of your solar panel system, which means that you’ll be going solar in no time. ADT Solar takes into account these incentives when we calculate the final costs.

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Why Choose ADT Solar?

As you can see, there’s a lot of factors that can influence the final cost of solar panel systems.

The good news is that ADT Solar will handle all of these calculations for you, just like we’ll handle the entire process of going solar from start to finish.

Using all of these factors, we’ll customize the perfect solar energy system for your home so you can get maximum savings.

Plus, with our Energypro Savings, you’ll also be getting a free energy efficiency package that could reduce your overall energy consumption even further!

ADT Solar is here to help you switch to clean, renewable energy with zero stress. We refuse to provide anything less than the highest level of customer service, so you can rest easy knowing that your solar panel installation is in good hands.

To learn more about going solar, or to schedule your free consultation, simply contact ADT Solar today!

Find out how much you can save with ADT Solar