How Much Does Solar Cost?

By : Next Level Energy | August 2, 2019

Go solar:

There are so many reasons why you should go solar. From environmental, financial and then to personal reasons, there seem to be numerous justifiable reasons why you need to go solar. To go solar means to tap from the solar energy generated by the sun to provide electricity. Besides the fact that solar energy is environmentally friendly, it has a direct effect on your finances. Whether you are a homeowner of you own a business of your own, the cost of electricity has a way of affecting your finances. Since solar energy can be used for both individual and commercial purposes and investment in a solar system for electricity generation is a once in decades investment, this has an influence on electricity bills. Going solar can help eliminate the bill you pay on electricity completely. Using solar power alongside the public provided electricity will help reduce the amount you pay on the electricity bill.

Also, you tend to save a lot when you go solar. This is because savings is equal to the amount of money you avoid paying as a result of going solar. You save more as the electricity rate in your area gets higher and this will continuously happen throughout the 25-plus-year lifespan of the solar facility. As a business person or a homeowner, it makes your budget planning really easy to do. This is because the rate of electricity is unpredictable. It might, therefore, be difficult to do a forecast of your expenses for managerial purposes. The benefit of going solar cannot be overemphasized. There seems to be little or no disadvantage to the choice of going solar. It is the modern day idea and it seems totally welcomed. Now that we know the benefits of going solar, an important aspect is to know how much it costs to come on board. How expensive or affordable is the cost of solar system installation?

Cost of solar system Installation:

solar system cost

The cost of solar panels is the major determinant of the overall cost of a solar system. Solar panels do not work alone; they work alongside some other components. These components are not as expensive as the total cost of solar panels that you will need. Most times, you will need more than one solar panel to fully power your facility. It is also important to note that, no matter the cost you incur as a result of going solar, you will break even within its lifespan and begin to earn or save money over the rest of its life span. The lifespan on a solar system is expected to be over 25 years. Those who take the solar panel financing scheme usually finish paying their loan within about 5 to 6 years. The rest of the years are used as a time for savings on the electricity bill. In summary, a solar system is a fixed asset that eventually puts money into your pocket in the long run

Cost determinant for a solar system:

Now, to determine the cost of the solar system you will need, the size of the facility you are trying to power with solar is paramount. This will determine the quantity of electricity you will need to generate, which will determine the number of solar panels you will need and the cost of the solar system installation. The more electricity you need to generate the bigger the number of solar panels you will need and the number of labor that will be needed to install the system. All these amount to the cost of installing the system.

ystem you will need, the size of the facility you are trying to power with solar is paramount. This will determine the quantity of electricity you will need to generate, which will determine the number of solar panels you will need and the cost of the solar system installation. The more electricity you need to generate the bigger the number of solar panels you will need and the number of labor that will be needed to install the system. All these amount to the cost of installing the system.

It is also important to note that the number of solar panels needed varies across geographical locations. This is because some places experience more intense sunlight than others. Some places are cloudier and experience lesser days of sunshine. The number of solar panels needed in places like these will be more. California has no problem in this respect. However, if you do a quick research about sunshine in California, you’ll find that sunlight differs according to places in California. For example, the record has it that Redding, California, experiences 88% sunshine yearly, while Sacramento, California, experiences about 78% sunshine yearly. This show a disparity in the amount of sunshine that is experienced in places across California. However, this would not have much effect in that the two places experience quite a high amount of sunshine, therefore, there might not be much difference. In places with a substantially low quantity of sunlight, this does not mean they cannot install a solar system. It only means they will need more solar panels to compensate for this. One very wise way to do it is to know how much a complete solar system will cost in your area is to compare the price of quotes from homeowners if you intend powering your house with it. If you intend powering your business with it, you compare quotes for commercial buildings.

Another great determinate of solar system cost is the solar panel manufacturer brand. Some brands are more expensive than the other. Some brands attach quality of the product brand to price. But this is not always the case.

Cost of DIY installation Vs. Solar company installation

Some people who will like to take the solar system installation as a personal project would want to know how much a single panel cost.s The simple way to answer will be that, it depends on how much leverage you have as a buyer, the type of the panel you are trying to buy and the size of the system you need. However, because solar companies have a direct relationship with those who sell the solar panels and they buy in bulk, they have the opportunity to buy the panels at a much lower price than an average customer. They also know where to purchase quality solar system components. This is why you need solar companies to handle your solar system installation. Get as many solar quotes from companies and compare your choices. This way, you will be sure to get the best solar system installation cost.

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