How Much Do Solar Panels Cost? A Full-Breakdown of Associated Costs and Factors in 2024

On top of the typical costs of installing solar panels, you’ll also want to consider maintenance, cleaning, home insurance, monitoring, tree trimming, roof repair, solar panel repairs and solar roofs.

Maintenance

Maintaining your solar panels costs anywhere from $140 to $180 annually or an average of $150 per year if you hire a pro to maintain your solar panels. At this cost, your pro will inspect the panels for signs of repairs.

Cleaning

If you also want to hire a solar panel company to clean your solar panels, this will be an additional cost of around $150 per cleaning. For someone with the proper equipment, safety knowledge and experience, this could be a DIY-friendly job that only costs a one-time payment of around $100.

Once you invest in the initial amount for cleaning equipment, such as an extension ladder, garden hose spray attachments, squeegees, soft brushes and a one-gallon handheld sprayer, you’re essentially cleaning your panels for free—minus the labor and time commitment. It’s not recommended, however, to undertake this project without the proper skills. Safety is of the utmost importance even if you have to pay more.

Yearly cleanings can help improve the performance of your panels by ensuring debris and dust aren’t blocking sunlight from hitting the panels.

Home Insurance

Solar panels can increase your home’s value, which in turn may increase the cost of your homeowner’s insurance. According to a 2018 to 2019 study by Zillow, homes with solar panel systems sold for $4.1% more than similar homes that didn’t have solar panel systems. However, this doesn’t necessarily translate over to your homeowners insurance. You’ll want to check with your insurance company to see if installing solar panels could increase your rates.

Solar System Monitoring

Depending on your solar panel company, some installers offer complimentary solar system monitoring that allows you to see your solar panel production in real-time and even view your electric usage to modify your lifestyle and make the most out of your solar panel system.

Elevation Solar is a good example of a solar company that integrates whole-home energy efficiency solutions. Other companies, like Palmetto Solar, may charge extra for monitoring services, so read the fine print of your solar panel installation company before you buy.

Tree Trimming

In some cases, you might want to invest in tree trimming services to help clear the way for sunlight to reach your installation site. The cost to trim a tree falls between $250 and $700 per tree.

Roof Repair

Your roof needs a strong, sound foundation if you choose to install solar panels. Repair or replace old roofing beforehand to ensure that your home is safe from the elements and that no hazards will come from installing the panels. The average roof repair costs $950, but prices can range anywhere from $150 to $7,000 depending on the extent of the damage. Roof replacement costs even more, with prices ranging from $6,700 to $80,000, or $11,500 on average.

Solar Panel Repair

The cost to repair solar panels ranges from $200 to $1,700 depending on the severity of the damage. A small crack will cost the least to repair while repairing a solar panel inverter tends to fall at the higher end of the price range.

You may have an active solar panel warranty or comprehensive warranty through your solar panel installation company, so look at your warranty to see if you can save on the cost of repairing your panels. Most manufacturers offer a 25-year warranty.

Solar Shingles and Tiles

The average cost for solar shingles ranges from $15,000 to $20,000. At $88,500 for a 6.31 kW solar roof. Tesla roofs and Powerwalls cost significantly more but also come with a battery storage system. Some homeowners opt to install solar shingles or solar roofs. These roofs replace your existing roof and protect your home from the elements while providing your home with an attractive, energy-efficient bonus.

“One might want to consider the inverter system size and how it will affect the cost of the system. In some cases, another inverter can be installed to prevent inverter clipping or curtailment from higher than 1 ILR.”
– Remi Akinwonmi

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