How Much To Install Solar Panels On A Condo

Between state and federal programming and the estimated 40 decrease in cost by 2017 solar power is an increasingly financially obtainable amenity and the use of solar panels will only continue to increase.

How much to install solar panels on a condo.

Michigan also offers property owners of solar panels a buy back tariff for solar panel installations that generate excess electricity. In a unit owner project one or more unit owners pay to install a solar panel system on the roof of the condominium for their personal use. Installation for the average 5kw system ranges from 11 100 22 400. In california where the average system required is 4 23 kw solarreviews research data shows that the average solar panel installation cost as of jan 2020 is 2 78 per watt meaning the 4 23 kw system would be 11 753 before the solar tax credit and 8 701 after the federal tax credit.

Solar panels cost 1 77 to 2 20 per watt and solar energy is 0 08 to 0 10 per kwh to produce. Going solar with a homeowners association hoa doesn t have to be a headache and it often isn t. They are custom based on the home roof type shading and utility. To install solar on the rooftop of your condominium you need to be sure you actually own a portion of the building s roof.

No two solar power systems are the same. Several states have solar rights acts which limit the ability of an hoa to simply reject a proposal to install panels on your property 1 the california solar rights act does not allow an hoa. If you own a condo unit and want to go solar there s two big things you should have in order to make this a reality. Explore solar panel installation services.

If you propose a unit owner project you will need to get approval from the condo association and obtain an easement to authorize system installation and maintenance. Installing solar panels was one of the smartest investment decisions we ve ever made and we ve cut down our electricity consumption by an average of 70.