Assess the amount of sunlight you are getting
The more sunlight exposure, the more energy can be generated and the more solar savings there are. In Arizona and California, for instance, there is an average of more sunlight per day.
Your home’s orientation also affects an electric system’s output concerning the sun and its shading. The SolarReviews calculator can help you determine the efficiency of panels in your area. All you need is your address and the amount you spend on energy each month.
Price estimate for solar panels for a residential property
In the case of solar panels, the majority of costs are incurred in the installation and eventual purchase of the systems.
The relatively low long-term costs offset these expenditures. System maintenance is seldom necessary, and most of them are designed to last for 20 years or longer. That period could even be more if minor changes were made to electric energy production.
Solar panels can be calculated based on your current energy consumption. A solar calculator such as the one on SolarReviews estimates the size of the system for you when calculating the total price. Take the following into consideration:
- The amount of energy you consume every month
- The utility company lists your usage on your monthly utility bill, and
- That will give you an idea of what size of the system it takes to generate the amount you need?
Installing an energy-efficient system of 5kW in a typical residential home costs between $3 and $5 per watt. This results in a range of $15,000 to $25,000, based on the CSE. Any incentive or tax credit would increase that number.
There are companies offering rebates or other incentives to lower the cost of installation. Comparative shopping will also help you, just like we refer to those resources when buying a TV or car or other big-ticket items.
Be sure to compare at least three estimates before making any decisions. EnergySage, a solar marketplace, compiles solar companies’ customer reviews and certifications. Information about the Better Business Bureau profiles helps you choose a reputable provider.
