Solar Panel Cost Guide in Sweden, NY (Jan 2023)
- Sweden Solar Installation Cost: $8,611
- 25-Year Savings: $8,135
- Payback Period: 12.9 Years
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Top Solar Installers in Sweden
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make switching to solar power much easier. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives you can take advantage of and by offering warranties and repairs.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
See all of the solar companies in Sweden
Factors that Affect Solar Panel Costs in Sweden
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Sweden: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That's why it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The kind of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Further, solar equipment is more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Sweden, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Sweden is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for instance, you'll have no shortage of solar installers that provide a range of services at different price points. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
|System size||Cost per system watt||Solar system cost||25-Year savings||Payback period|
|6 kW||$3.07||$12,886||$11,214||13.4 years|
|8 kW||$3.01||$16,850||$15,282||13.1 years|
|10 kW||$2.95||$20,650||$19,516||12.9 years|
|12 kW||$2.89||$24,284||$23,914||12.6 years|
|14 kW||$2.83||$27,754||$28,478||12.3 years|
|16 kW||$2.77||$31,058||$33,207||12.1 years|
|18 kW||$2.71||$34,196||$38,102||11.8 years|
|20 kW||$2.66||$37,170||$43,161||11.6 years|
How to Save on Solar Panels
There are a lot of companies available in Sweden, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: The brand of solar panel you need to get plays a part in which installer you should opt for, since different companies provide different panels.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
EcoWatch's Sweden, NY Solar Cost FAQs
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.