July 15, 2022

Why Solar Panels Are So Expensive?

Solar panel production is costly because it requires special manufacturing processes and equipment that can be easily damaged or corrupted.


When you install solar panels, think about how you would estimate your own home’s construction costs. Would you talk to each contractor yourself? Do you know what materials cost? How much did the electricity from your solar power system add to your monthly utility bill? It’s similar to solar paneling—you don’t want to choose a panel that’s just too cheap or find out after doing renovations that your house was due for some major improvements. A quality solar panel will pay off in reduced maintenance and lower costs down the road, which means better value for all customers.


Panel manufacture also requires specialized knowledge in engineering, manufacturing, and technology, which most small businesses don’t have.


The manufacture of commercial-grade solar panels requires special equipment and technical know-how that many little businesses do not possess. To produce their products, these companies must invest in costly tooling and develop expertise in a high-tech industry—all before they even start producing to find out they aren’t able to meet demand due to limitations outside their control.


The cost of setting up a solar panel installation business will be significantly higher than installing standard panels because you’re paying for all those technicians and engineers.


Whether your aim is to make money with solar power or if you just want to save money by reducing your utility bill, it makes sense to consider a home-based renewable energy system business as one possible way forward.


The good news is that once your business has spent money on initial equipment costs, it’s much easier to maintain and lower its energy consumption.


You may not think about it, but electricity can be extremely costly. Not only does your business have to pay for new equipment, but they also have to pay for transportation of their electrical goods to their customers, as well as the power themselves. With solar panel systems, this all changes—you no longer have to worry about what other businesses charge for these services or how you will transport large amounts of equipment over land.


You need a lot of space.


Solar panel installation requires a significant amount of land, which is one of the reasons they’re often limited to rural areas. When you look at roofing your home with solar panels, you have two options: using larger panels that will cover a large area (and cost more) or smaller ones that will be placed closer together and likely won’t provide as much power. The same issue exists when it comes to purchasing solar equipment. If you want a system that will produce a certain amount of energy, you have to buy enough equipment to handle the processing of all that electricity—or add extra capacity during peak production hours.


You have to comply with local laws.


This may seem like a small thing, but it can add significant expense to your project. In California, for example, there is a tax imposed on generators. Your facility might also require certain energy-efficiency standards for your roofing materials. Or you could face liability issues that would cost you money even if you did meet those requirements.


Your customers have to be willing to install them.


Before you can talk about installing solar panels, you need to know how much money your customers are ready to invest in it. If they aren’t interested or if you want a lot for their investment, you won’t get far.


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St. George, UT

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