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Breaking Down the Cost of Solar Panels in 2022

  • June 23, 2022
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Solar panels hold all the promise of the future—and aside from helping you save the planet, they help you save a lot of money on your energy bills as well. 

This is especially true as the price of all forms of energy is shooting through the roof. But how much do solar panels cost, and what is the cost of installing solar panels? On average, the cost of solar panels ranges between $3,500 to $35,000, but it depends on which type of panel you choose.

So although a solar energy system can save you money in the long run, you need to know how much it will set you back before deciding on a solar panel installation. Let’s break down the cost to install solar panels so you can get your budget in order.  

The Cost of Solar Panels By Type

First, it’s important to understand that not all solar panels are created equal. There are different types of configurations and energy efficiency ratings, which can affect the cost of solar panels. Here’s a look at the most common panel types and their cost. 

Monocrystalline Solar Panels

Monocrystalline solar panels are typically the most energy-efficient types of solar panels on the market. The average cost of these panels comes out to between $6,000 and $9,000 for a 6kW system (the most common energy rating). 

Polycrystalline Solar Panels

Monocrystalline solar panels are less energy efficient than their monocrystalline cousins, but that also means they’re somewhat more affordable. For the standard 6kW setup, the cost will be around $5,400-$6,000. 

Thin-Film Solar Panels

Thin-film solar panels are another option, incorporating second-generation solar cell technology to create thinner, less wasteful panels. Much like monocrystalline panels, thin-film panels vary between $6,000-$9,000, which makes them rather expensive. 

Due to the need for more space to operate, however, thin-film cells are better suited to industrial settings and applications. 

What Is the Cost of Installing Solar Panels?

The typical cost to install solar panels ranges from $15,000 to $25,000. That’s a lot of variation, but it comes down to the fact that solar power costs vary by location. For instance, solar energy is cheaper in sun-soaked regions like the desert Southwest, whereas it’s more expensive in areas further north, such as Alaska. 

A competent and reputable solar installer, like this company, will be able to furnish you with a good upfront estimate of how much the install will cost. That way, there won’t be any surprises when the bill comes due. 

How Much Will You Save With Solar Panels?

So how much will you save on electric bills with a solar panel system? 

Truthfully, that depends a great deal on where you live. But in some instances, those who have made the switch can save up to 75% on their energy bills. Of course, you’ll save a great deal more if you live somewhere sunny, like New Mexico, rather than a rainy, cloudy locale like coastal Oregon or Washington. 

Still, the energy savings are real, and are often well worth the installation costs. 

Make the Switch to Solar

It’s important to understand the cost of solar panels before you decide to upgrade your home with a solar system.

But even if the cost of installing solar panels is substantial, the chance to reliably draw your energy from clean, renewable sources is hard to pass up. Best of all, you won’t miss those hefty energy bills. 

If you enjoyed this article, please check out the rest of our site for more great tips and advice.

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Carolyn Scott-Hamilton

The Healthy Voyager, aka Carolyn Scott-Hamilton, is the creator and host of The Healthy Voyager web series, site, and overall brand. An award winning healthy, special diet and green living and travel expert, holistic nutritionist, plant based vegan chef, best-selling cookbook author, media spokesperson, sought after speaker, consultant and television personality, Carolyn Scott-Hamilton is a respected figure in the world of healthy lifestyle and travel as well as special diet cooking and nutrition. The Healthy Voyager aims to help people live well, one veggie at a time!

6 comments
  1. animefillerlists says:
    June 29, 2022 at 9:59 am

    Wow this is really helping and great informative blog and learning this blog thanks sharing this wonderful article

  2. Adam says:
    August 8, 2022 at 1:45 am

    Thanks for the post! You can check some cost for solar products at https://solarcellzusa.com/ where I shopped for projects in my home. Now many people have seen the obvious benefits of such technologies and put them at home.

  3. Forest Spachtholz says:
    October 7, 2022 at 4:28 pm

    hello , thanks for this article , i just want to ask you , is it ok to share this article on my facebook page ?

  4. Jacquetta Thornborrow says:
    October 8, 2022 at 7:33 am

    Hello , thanks for sharing this nice article , i really enjoy your way in writing , can you pleas tell how to subscribe in your website ?

  5. Edelman says:
    October 19, 2022 at 10:08 pm

    Solar panels are worth the investment, no doubt. But despite that, they still can seem expensive to install.

    If you wan to install solar panels, remember that you can qualify for getting tax credit that will greatly reduce the payback period of the panels. Read more about this in the article: http://www.edelmaninc.com/how-efficient-are-solar-panels/.

  6. Veronika says:
    November 2, 2022 at 3:22 am

    Such systems help to save on energy generation, but the batteries that are needed to store the energy itself are quite expensive, so everything has its pros and cons. To make the right decision, I advise you to study this issue in more detail. You can learn more about how do solar panels work here.

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Welcome! I’m Carolyn Scott aka The Healthy Voyager! I’m a super adventurous, Latina, award winning travel show host, media personality, holistic nutritionist, plant based foods chef, best selling author, speaker, consultant and serial entrepreneur 💖 I love to help people live happier, healthier, greener and more meaningful and balanced lives at every age so welcome to my page! For more information, be sure to click the link in my bio as well as visit HealthyVoyager.com 🥰  #HvonTour #whereintheworldisthehealthyvoyager #travelshow #worldnomads #topdecker #instatravel #instashare #travelzoo #wanderlust #instahub #topdeck #instagood #instago #travel #followme #ladiesgoneglobal #gItlove #skyscannerambassadors #femmetravel #luxuryworldtraveler #gtl #femaletravelcollective #vegantravel #solotravel #vegan #plantbased
Welcome! I’m Carolyn Scott aka The Healthy Voyager! I’m a super adventurous, Latina, award winning travel show host, media personality, holistic nutritionist, plant based foods chef, best selling author, speaker, consultant and serial entrepreneur 💖 I love to help people live happier, healthier, greener and more meaningful and balanced lives at every age so welcome to my page! For more information, be sure to click the link in my bio as well as visit HealthyVoyager.com 🥰  #HvonTour #whereintheworldisthehealthyvoyager #travelshow #worldnomads #topdecker #instatravel #instashare #travelzoo #wanderlust #instahub #topdeck #instagood #instago #travel #followme #ladiesgoneglobal #gItlove #skyscannerambassadors #femmetravel #luxuryworldtraveler #gtl #femaletravelcollective #vegantravel #solotravel #vegan #plantbased
Welcome! I’m Carolyn Scott aka The Healthy Voyager! I’m a super adventurous, Latina, award winning travel show host, media personality, holistic nutritionist, plant based foods chef, best selling author, speaker, consultant and serial entrepreneur 💖 I love to help people live happier, healthier, greener and more meaningful and balanced lives at every age so welcome to my page! For more information, be sure to click the link in my bio as well as visit HealthyVoyager.com 🥰  #HvonTour #whereintheworldisthehealthyvoyager #travelshow #worldnomads #topdecker #instatravel #instashare #travelzoo #wanderlust #instahub #topdeck #instagood #instago #travel #followme #ladiesgoneglobal #gItlove #skyscannerambassadors #femmetravel #luxuryworldtraveler #gtl #femaletravelcollective #vegantravel #solotravel #vegan #plantbased
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