Solar panels are all the rage now, but how much does it cost? The answer to this question can vary. There are a lot of factors to consider to come up with an estimated answer, such as pitch, roof area, azimuth, solar capacity, and budget.
You might question how pitch or azimuth influence the solar panels’ price, can it be paid in one single receipt?
Buying the whole system of solar energy is a one-time cost or lump sum. However, the amount of energy being produced by the system for over 25 years can affect your total investment, which is more important to discuss.
How much does a solar panel cost?
Solar panel cost is impossible to assess in every household without the solar power site appraisal. This appraisal is being done to assess things that cannot be seen online like upgrading the needs of roof or electrical panel.
Usually, providing precise estimates remotely is simple with the use of satellite imagery even though it is not perfect.
Solar Panels cost ($/W)
The standard unit for solar assessment is dollar/ Watt, which provides a depiction of your investment value. This value can be compared to the unit of painting industries or flooring which is $/sq ft.
The concept is similar to the things that you purchased, the economy of scale is greatly significant in solar panel cost. It is because of the installation period and baseline cost.
Solar Panels Commercial Cost
Commercial solar panels are typically large, reaching a maximum of 250kW+. The good thing is, the price drops when the scale gets larger, lowering the cost to $1.50/W once fully installed. Commercial systems within the 50 to 200 kilowatts will cost roughly $100,000 to $300,000.
No matter how much the cost of solar panels is initially, keep in mind that they pay you back in time.