Learn About Solar Panel Costs And Solar Panel Installation Costs

Things have parts.  A gumball machine has metal, glass, and gumballs.  I slinky has a slinky.  X-ray glasses have, well, tinted and smudged plastic.  Newsflash, they don't really work.  But, they still are quite the riot for youngsters around the globe.  Also, solar panels have a lot of parts.  Some of these parts are physical, and some of your solar panel purchase parts are financial and contractual.   One thing for certain is this, the more you know about the process of purchasing solar panels, the better deal you will find when seeking a low-cost solar panel system and solar panel installer.    Let's explore the many factors you should know about solar panels, to get the best price on solar and save you the most cash possible.  

 Solar Warranty

One of the principal things you have to contemplate is that the actual solar panels only make up 25 to 30 percent of the total price of installing a solar system. The expense of the solar panel you choose turns based on the sort and efficiency.  Also notable, the monetary charge on solar panels has declined in the past 10 years to about half the cost they were in 2008. You can assume to pay somewhere between $4,000 and $16,000 of hard-found dollar for your solar panels.  U.S. Solar Market Insight affirms the total common pricing for domestic systems is just over $3.50 per watt. 

Solar Watts

Solar panel systems are exchanged based on the amount of “watts” of energy they produce. A watt is the primary unit of power, which communicates to volts multiplied by amps. Each module incorporates solar cells, so the more cells that can be compressed into a solar panel system, the higher the cumulative wattage. The lower-wattage modules are arranged with several solar cells, so they are comparatively inexpensive. Those with a higher density, such as the 300- or 370-watt units, fetch higher prices. Module costs average about $.60 per watt, with costs projected to fall to $.46 per watt by 2018, according to a 2015 U.S. Department of Energy SunShot publications on pricing trends.

Solar Efficiency

There is a path to finding the efficiency rating of a solar module,  the total percentage of sunlight that can be converted into electricity. Usual efficiency rates alternate between 14 to 18 percent. As technology innovates in the world of the solar panel system, higher percentages will follow. A cell’s production comes from the quality of silicon used during manufacturing. 

Solar Size

The scale of your intended solar panel system significantly defines its overall cost. Regularly, residential photovoltaic installations extend from 2 and 20 kW and cost between $15,000 and $35,000. Nonetheless, various factors of the system are in play, including the potential time and aspect of the roof. Some systems require as much as 1,000 square feet while small beginner systems might need around 50 square feet.

Solar Durability

A lot of solar panel manufacturer warranties are usually servicing for the individual solar components. Well, known solar panels will include a multi-decade warranty covering 80 percent of the energy production. 

If you want to find out what solar panels are right for you, go to HahaSmart.com and try our price checker tool. You can see how much you can save over the next 20 years by going solar, and we can help find local solar installers who can help.

For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles.