Solar panels, also known as photovoltaic (PV) panels, have been in use since the mid-20th century. Initially, they were limited to space applications, providing power to satellites and other space vehicles. However, advancements in technology have made solar panels more efficient, affordable, and accessible to the average consumer. Today, they can be found on rooftops, in solar farms, and integrated into various building designs, providing a clean and renewable source of energy.
Selecting the right solar panel depends on various factors, including your energy consumption, available installation space, and budget. Higher wattage panels can generate more power but may require a larger investment upfront. Conversely, if you have limited space, opting for higher efficiency panels can maximize energy output in a smaller area.
As of 2023, the average cost of a 2000-watt solar panel system ranges from $4,000 to $8,000 before any incentives are considered. This estimate includes the purchase of the solar panels, an inverter, mounting hardware, and installation. When government incentives are accounted for, the effective cost could be reduced by 20% to 30%, making it an even more attractive investment.