Thinking about installing solar panels on your home, but wondering how much solar energy cost? While there may not be a set price that would apply to everyone, you can still find affordable solar power systems with Titan Solar. Pricing varies per each homeowner because of their unique situation. There are several factors that are taken into consideration when determining a price point for your home. For some, it can cost less because their current habitual energy usage is lower than others. For businesses, it can cost more since they use more energy to keep the business running and would need more solar panels to provide sufficient energy. For this reason, the amount of solar panels that are installed are based on each homeowner needs.
Factors that Affect Solar Energy Cost
- Size of roof – including available unshaded roof space
- Your current energy usage – the more you use, the larger the system you’ll need
- Your local utility net metering policy – this affects the value of energy solar power system feeds back into the electricity grid
- Federal investment tax credit, rebates and local incentives
How Do You Calculate Price Per Watt?
Solar power systems are identified by kilowatts. Here’s how you would calculate the cost per watt:
Divide the total-out-of-pocket cost of the system by the number of watts of capacity.
Ex: a 5kW solar power system has 5,000 watts (kW, where 1kW = 1,000 watts). If the system costs $20,000, then the cost per watt is ($20,000 / 5,000W = ) $4/W.
Homeowners have been turning to solar power to provide energy for their home to save financially, but it does much more than that. It lowers your carbon footprint that counteracts the effects of fossil fuel. It’s very important to be aware of the damages your current electricity provider is doing to our planet. It’s not healthy for the environment, nor for your family. Read, Consequences Humanity Faces With Fossil Fuels, to find out what fossil fuel does to the health of your family.