The cost of solar installation Silver Spring has reduced dramatically significantly in the past several years. This trend is even expected to go on in the coming years as more homeowners are getting Silver Spring solar installation in their homes. The demand for solar power homes increased prompting more companies to manufacture and distribute high-quality solar components, at a slower rate because of tight competition. An average 5KW solar installation Silver Spring can cost you around $140 to install. In already include the panels, labor, connections and other miscellaneous fees. Many states offer rebates and incentives for homeowners who has Silver Spring solar panels in their home. To know the real cost of your installation, subtract the incentives and a solar federal tax break. For a 5KW solar installation Silver Spring, you can get a rebate amounting to $3700. Now, subtract the 30 percent federal solar tax, and that is equivalent to another $174 that will be deducted from your original investment cost. Overall, your 5KW Silver Spring solar installation is estimated to cost you $106 . Now that is almost half of the original cost and huge saving.
Estimated final cost for solar installation
| Item | Quantity | Fair Price |
|---|---|---|
| Solar Light Fixture Cost | 1 Fixture | $30.64 |
| Solar Light Fixture Labor | 2 Hours | $112.95 |
| Solar Light Fixture Job Materials and Supplies | 1 Fixture | $14.00 |
| Totals - Cost to Install Solar Lighting - 1 Fixture | $157.59 | |
| Average Cost Per Fixture | $157.59 |