How Much To Install Solar Panels On A Condo

Installing solar on a condo roof.

How much to install solar panels on a condo. Installation for the average 5kw system ranges from 11 100 22 400. Michigan also offers property owners of solar panels a buy back tariff for solar panel installations that generate excess electricity. Solar panels cost 1 77 to 2 20 per watt and solar energy is 0 08 to 0 10 per kwh to produce. 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.

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. Even if you live in a condo you should seriously consider this option to save money and at the same time lower your carbon footprint. 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. 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.

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. 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. 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. No two solar power systems are the same.

To install solar on the rooftop of your condominium you need to be sure you actually own a portion of the building s roof. Solar panel installation costs 10 626 to 17 640 on average.