How much does a solar inverter cost?

For an average-sized installation, inverters typically range between $1000 and $1500. That cost can go up quickly though as the installation gets bigger. Each year, the National Renewable Energy Lab performs a cost benchmark of the solar industry, looking at average installation costs, inverter and panel costs, and a host of other related topics.

Which inverter is installed in my home?

Which inverter is installed in your home is typically decided by availability and installation size as well as placement of your solar installation (see the article linked above for more information on this).

How long does a solar inverter last?

However, there is a range of other equally important factors to consider before choosing an inverter: Inverters – with an estimated life of around 12 to 15 years – they don’t last nearly as long as solar panels, which last 25 to 30 years. Odds are that sooner or later your inverter will need to be replaced.

Can I buy my own solar inverter?

If you want to buy your own inverter you certainly can, but keep in mind that since you’ll only be purchasing a single inverter – not a bulk order like solar companies – you’ll likely pay a higher price. How much you spend, of course, depends on the manufacturer and the size, efficiency, warranty, and brand recognition.

Are inverters cheap?

At around 6% of an installation’s total cost, inverters aren’t cheap so you need to make sure you’re getting a good product before moving forward. And when you are talking with installers and receiving estimates, do some quick math to make sure all the costs add up.

Do solar inverters need to be replaced?

Odds are that sooner or later your inverter will need to be replaced. If you lease your installation or finance it through a power purchase agreement (PPA), just call up your solar installer and they’ll come out and replace the inverter at no cost to you (since technically they own the installation).