So, what exactly is involved in calculating the cost of installing solar panels? When thinking about installing solar power, not many people know the way the cost of solar panel systems is actually calculated.
The truth is that the price of your new solar system ‘depends’ on how big or small it is. Or to put it another way – how many kiloWatts (kW) you choose to install. There is no one-size-fits-all model for incorporating solar panels into your home’s energy supply.
Solar Photovoltaic (PV) panels (that transform the sun’s rays into electrical energy) usually are priced in dollars per watt ($/W). When you decide to buy a solar energy system, you are actually purchasing the capability or “potential” to create electricity right now and into the future.
With that thought, the purpose of this article is to address the most important question: How much is the cost of installing solar panels?
Considering the fact that every single solar home installation is just a little different, the result differs a bit from home to home. And also, taking into consideration the size of solar panel ( TheSolarDigest ) you would like to install at your place. This will vary based on numerous factors, including the size of your home, the type of heating and cooling systems installed in your home, and the number of non-standard items you have in your home (swimming pool, hot-tub, electrical appliances, etc.).
Also, your usage will increase significantly in months when you run an air conditioning unit, as well. Finally, the cost of electricity varies widely across the USA, from as low as $7 per watt to as much as $9 per watt. Let us go deeper into it…
Listed here are the four components required in the installation of your solar photovoltaic (PV) system:
• The solar panel, which harnesses the sun’s energy and converts it to electricity;
• The controller, which regulates the flow of electricity, protecting the battery;
• The battery, which stores electricity for backup;
• The inverter, which converts the stored energy so that we can use a standard electrical equipment.
Factoring in the cost of each component, the cost of installing a 5kW system would be between $25,000-$35,000. And if the sun shone 24 hours a day, you could put up 100 sq. ft. of panels and have enough energy to power the average home.
But, as we know, the sun is available only during daylight hours, and the amount of energy available per day is absolutely dependent on the intensity of cloud cover.
Try to get at least two quotes from accredited solar panel installers. At last, it’s not until you have received a definite proposal that you will be able to know about how much solar panel system will cost for your household.
Every day, more and more people are deciding to use solar energy for some or all of their power requirements. Why wait? Go ahead, know the right cost of installing solar panels ( TheSolarDigest/Cost-of-Installing-Solar-Panels ) and let your system installed right away!