How Much Money Do Solar Panels Cost Today?
The thought of buying a solar panel can be quite exciting for many people. The reduction or elimination of power bills and the knowledge that you are doing your bit towards creating a cleaner environment are all things that can make you yearn for a solar panel.
But just how much does one cost?
As you may know already, the cost of the solar panel depends on so many things. Apart from the brand, the model, and the durability, the most important factor that determines the cost of a solar panel is the wattage of the panel. A complete solar panel is made up of several cells, which increase with required wattage. Therefore, the higher the wattage, the more the cost.
If you would like to buy a preassembled solar panel that you can use for specific purposes, then you simply need to go to an electric store or an online store and get one for yourself. Most of these panels are not designed to serve whole households. A 60 watt Kaneka solar panel will go for between $60 – $110 depending on where you buy them and how many of them you buy.
On the other hand, a 230 watt BP solar pane will go for around $535 while a 235 watt Sharp solar panel will go for $620.
If you want to install a solar panel in your house that will carter for most of your energy needs, then you will need to make a bigger investment. You will first need to know how many electricity units you consume every month. These units are measured in KWH.
Therefore, if you consume 600 KWH every month, your daily consumption stands at around 20 KWH per day. This means that you consume an average of 0.833 KW per hour everyday. Since the sun will only shine for 4 hrs – 6 hrs a day, it means that you have to get a panel which can generate 20 KWH within 4 hrs, (assuming that you are in a locality where it only shines for 4 hrs.) This translates to 5,000 watts of electricity. Throwing in an extra 15% to take into account power loses and so forth, you will need a solar panel that can generate at least 5,750 watts. The current price per watt of electricity is around $10 per watt. The total cost will come to around $50,000 or more.
Although this cost might go down if you do the installation by yourself, it is important to know that full installation of solar panels will require a huge initial investment on your part. However, the long term benefits of clean solar energy clearly outweigh the cost.
Want to Start Making Solar Power at Home? Check out these instructions for building your own solar power. Includes videos, ebook, diagrams, and all the plans you need to get off the power grid and start saving some green while going green.
