How much do solar panels cost?
The prices of solar panels can vary considerably depending on several factors, such as the type of panels, the extent of the installation and the location. In this article, we look at the cost of solar panels and the factors that affect it.
Solar panel prices in Finland
In Finland, the prices of solar panels have dropped significantly in recent years, which has made them an even more attractive option for households and companies. On average, the price of an installed solar panel system is around 1,200–1,800 euros per kilowatt (kW). This means that, for example, a 5 kW system would cost around 6,000–9,000 euros.
Factors that affect the price of solar panels
Several factors affect the price of solar panels, the most important of which are:
- Type of panels: Polycrystalline panels are generally cheaper than monocrystalline panels, but monocrystalline panels are more efficient.
- System size: Larger systems are generally cheaper per kilowatt because the installation costs are spread over a larger number of panels.
- Installation location: The shape, slope and material of the roof can affect the installation costs. Geographical location can also affect the price.
- Installation company: Different companies offer different prices and services, so bidding is worthwhile.
- Accessories: Inverters, mounting systems and other accessories can add to the total cost.
Is the purchase of solar panels worth it?
Purchasing solar panels can be a profitable investment in the long term, as they can significantly reduce electricity bills and even enable electricity to be sold back to the grid. In addition, solar panels increase the property’s value and reduce the carbon footprint.
Sources
You can find more information about solar panel prices and installation from the following sources:
