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Understanding the Basics of Solar Energy

Estimated read time 4 min read

Solar power refers to the energy harnessed from the sun which comes in the form of electricity or heat. There are various methods used to capture solar energy, with the prevalent approach being through solar photovoltaic (PV) systems. 
These systems convert sunlight into usable electrical power. Alongside photovoltaics, solar thermal energy or concentrating solar power (CSP) is also used to heat liquids or indoor spaces. 
That said, both residential and commercial property owners have the option to incorporate solar…

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Solar Panel Costs

Exploring the Costs of Solar Panels in 2023

Estimated read time 4 min read

As of 2023, the cost of solar panels in the United States has significantly decreased compared to a decade ago. The average cost for a solar panel installation in 2023 ranges from $17,430 to $23,870 after factoring in the federal solar tax credit. 
On average, the cost of a solar installation is approximately $20,650. When considering the cost per watt ($/W), the average solar panel price in 2023 is around $2.95/W before incentives.