Solar Panel Price

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Solar Panel Price

Pricing: Panels and Installations

Choosing to go solar might be one of the biggest decisions one can make in his life. It’s like deciding to get married; thinking of the possible costs of the venue, dresses, and the actual wedding itself, the problems you might encounter along the way, and if it will really last for a lifetime. When you think of solar, you might actually think of the same things; how it costs, which provider should you choose, what problems could arise, and how long will it last? These questions are possible to answer, but varies in different situations. How it cost may mean two different things: how much panels cost and its installation. Well, I must say that the focus should be on the latter.

Price Drop

Compared to how solar panels were introduced back in 1977, today’s panels are 100 times lower in price, and half the price back in 2008. Although prices also changes according to the location, whether it be residential or commercial, the size of the roofs, and how much energy does your house or business needs.

Residential vis-à-vis Commercial

Panels that are installed in residential areas should camouflaged with its surroundings, as much as possible, to avoid theft or vandalism. Most residential panels are installed on roofing, designed with flat surfaces, thus, it needs more anchor to be stable. The installation may take longer than that of the commercial but it will cost cheaper since it is smaller in scope. Commercial panels, on the other hand, prioritizes efficiency and are built in areas less accessible to people. Since these panels are used on a broader scope, cells are larger than that of the residential. Although efficiency has been the main difference between the two, it only differs usually by a percentage point or two.

Incentives

Many would not know about feed-in tariff (FiT), but this would be the major incentive you could get from choosing solar. According to solarguide.co.uk, Feed-In Tariff is beneficial in three different ways. Not only will (1) you receive a payment for the Generation tariff and (2) the Export tariff, you’ll also (3) reap big savings on your energy bills. Generation tariff refers to the payment made by the energy supplier for each kWh of electricity you generate. It may vary annually except for the first 2 years but will continue until 20 years. The payment received depends on the size and type of technology you are using but Solar PV system is one of the highest payable rates. Export tariff on the other hand refers to your surplus energy that will go back to the electricity grid and then will supply to other consumers.

The real deal in going solar will not be from the cost of the panels themselves but of its installation because most of the price will come from there. It is best to consult your prospect installer to get a quote for your installation. The installation may cost high but the benefits you will receive from it lasts long and saves you more.

Sources:

https://www.solarguide.co.uk/how-does-the-feed-in-tariff-work

https://cleantechnica.com/2014/02/04/current-cost-solar-panels/

http://www.soluxesavings.com/how-residential-and-commercial-solar-panels-differ-a-105.html

https://www.choice.com.au/home-improvement/energy-saving/solar/buying-guides/solar-panels#cost

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