What’s the easiest way to figure out your Maui solar roof cost?
A Maui solar roof cost includes the cost of the panels, as well as ancillary equipment (such as inverters and batteries) and labor. Most homeowners can expect tax credits, rebates, and other incentives to help them save money.
Factors That Determines Your Maui Solar Roof Cost
Let’s take a look at the key factors that impact your Maui solar roof cost below:
Panels
The cost of solar panels is usually expressed in terms of watts. As with any consumer product, you get what you pay for, which means that the cheapest panels are unlikely to be the most efficient or long-lasting.
Solar shingles are another alternative for homeowners, as they can be a cost-effective solution to take advantage of the need for a roof replacement. Tesla’s Solar Roof is one of the most popular items, however, prices have increased in 2021 compared to prior years.
Related Read: Here are relevant tips for choosing the right solar company on Maui.
System size
The cost per watt of a solar installation is also affected by system size, with larger systems obviously costing more than smaller ones but costing less per watt. The size of the solar system you need is one of the key factors that will determine your Maui solar roof cost. You can use this free solar size calculator to figure out the right solar system size for your home.
Inverters
Inverters are necessary equipment because they convert direct current (DC) electricity to alternating current (AC) electricity in your home. Depending on the system design, you can install microinverters, which are used with one or two solar panels, or a string inverter, which services all the panels at once.
Most string inverter systems only require one string inverter. The addition of power optimizers to string inverter systems can be beneficial. This is an option that may be given as an upgrade. Both types of inverters have advantages and disadvantages. Determining which is best for your system should be discussed with your solar contractor.
Batteries
Energy storage isn’t a top priority for a grid-connected system. But it can be beneficial for a variety of reasons. It’s a requirement for households with limited or no connection to grid power to keep electrical systems working when the sun isn’t shining. Previously, it was typical to connect many lead-acid batteries together to form a battery bank. But single wall-mount units can now provide the same storage capacity. Batteries are key factors that determine your Maui solar roof cost.
Labor and Incidentals
The cost of solar installation labor varies per contractor. The labor cost is most often connected to the size of your solar system and the amount of work required to set it up. Permitting expenses are also a factor in most significant installations, and they vary by location.
Tax Breaks and Incentives
As of 2021, the ITC offers a 26% tax rebate. However, this will be decreased to 22% after 2022. The residential element of the incentive will be phased away in 2024. If you’ve been thinking about installing solar, now is the time! Contact us today to learn more!