The cost of building a solar array in North Carolina could top $20,000 per unit
A solar array installed in a house in North Dakota could be a bargain for the homeowner.
A solar array is the simplest, cheapest, and most reliable way to generate electricity.
The panels use a mixture of solar energy and water vapor to generate the electricity, and are typically installed on rooftops and other roofed structures that have been insulated from the elements.
The project in North Dakotas capital city of Fargo was completed last year, but the installation costs for the first unit were estimated to be about $30,000 to $35,000, according to solar panel maker SolarWorld.
The cost will increase depending on how long the panels are in use, but they will not last forever, the company said.
SolarWorld said the average cost for a solar panel installation is about $1,400 per square foot, and that the average time between installation and installation costs is about five years.
The company said it is currently working with several solar panel manufacturers to provide the most efficient technology to get the job done.
Solar World has also received funding from the US Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E).
The federal agency has awarded $7.7 million in funding to SolarWorld since 2017 to help it develop solar technologies.