A Story And Information About Solar Panel Prices And Purchasing

90% of the time, interconnection costs are the determining circumstance for economic feasibility (commercial customers), not the expense of panels

The price of panels has sunk 85% in the last 10 years; Excluding interconnection costs, total project costs are usually under $1.20-1.55 per watt

SOLAR PRICING

In this paragraph, I will reveal much information about the information found in this article, and specifically in the following section.  The most significant cost components of any solar project are the actual solar panels. A common system for RS Energy will have anywhere from 750-6,000 panels. The first solar panel system that we purchased was installed in the summer of 2009. The price of panels for this system was $2.60 per watt; the complete installed price for that project was $7.90 per watt. We have to reflect on this, it was a big decision, but in the end, we are really glad we began this process when we did.  

So, we think about this first step heavily, especially in terms of the modern prices.  Yes, our first installation required a lot of support to make the project “pencil”. RS Energy and the solar industry has developed a very long way in the last eight years. A typical plan (excluding grid interconnection costs) is normally under $1.20-1.55 per watt. That is a cost decrease of ~85%!  That's a massive savings jump, so it's pretty clear that there is truly no better time to get into solar than the present.

BALANCE OF SYSTEM COST

Let's examine a very important part of the entirety of the solar panel system.  This is vital to your system so make sure you are paying attention.  The balance of system expense is the other component costs. This cost too have dropped dramatically over the last eight years. The stability of the system typically makes up 30% of the system price.  That's a fairly substantial amount of the overall cost, wouldn't you say?

Main ingredients for the balance of system:

⦁ Inverter (Transforms the DC solar electricity to AC electricity which than can be used to power almost anything)

⦁ Racking (Holds the panels. This can be arranged to tilt or tracking)

⦁ Electrical switchgear (Equipment used to tie into the current electrical grid)

⦁ Monitoring (RS Energy remotely monitors all of our commercial systems and shares that data with the consumer)

⦁ Wire including Conduit

SUMMARY OF SOLAR POWER COST

Let's sum up all the ideas we have been exposed to in the previous paragraphs, and try to make some strong connections; while highlighting the idea that solar panels are cheaper than they used to be.  Some consumers are still waiting for the price of solar to drop even further before they install their system. RS Energy does not believe that the prices are going to drop much lower. The downside to waiting for the bottom is the interconnection costs to tie in systems to the grid have risen dramatically in the last two years.

As the appropriation of solar energy increases, especially in rural parts of the United States, we are starting to see congestion on regional electrical distribution networks. If an electrical grid needs upgrades due to a solar installation, those prices are typically covered by the system owner. The interconnection expenses can sometimes be millions of dollars. In short, if you are thinking approximately solar now. Don’t be last to the ball. 

We can see that solar panel prices have fallen dramatically over the past decade, and we at HahaSmart can help you to utilize those savings today.  Get into the solar revolution immediately

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