Four (4) reasons for using a solar panel cost calculator.

solar panel cost calculator

Today the process of going solar has been simplified with the onset of various online solar panel cost calculators that make it easy to compare and contrast between different solar PV systems in the market while comparing solar quotes from different solar installers.

With this development, it makes shopping for solar as easy and efficient as booking an air flight ticket at the comfort of your home where you compare different flights, hotel or even taxi rates. Similarly, you don’t need a tedious process to go solar where you have to conduct all calculations by yourself, but you can depend on reliable and good online solar marketplaces that make the process simple and efficient at the same time.

With an online solar panel cost calculator it is possible to determine the aspects of going solar that many customers will tend to ask themselves, including but not limited to:

  1. How many solar panels do I need?
  2. How much does it cost to go solar?
  3. What are the benefits of going solar?
  4. How many incentives do I qualify for from the government when I decide to go solar?

Here are four (4) reasons for using an online solar panel cost calculator at the comfort of your home:

  1. A solar panel cost calculator is built with the customer in mind and will enable you to determine your specific location and has the necessary measurements of your roof that makes it possible to obtain the right number of solar panels that would be needed in your specific case. All that is required is to input your address or location and your average monthly energy bill. Hence, this type of a solar panel cost calculator is specific as it gets your own rooftop through geographical location data collected using the LIDAR technology.
  2. How much does it cost to go solar?  Since different solar customers need different sizes of solar PV systems, the cost of going solar is a big variable that has to be captured. Every home or business is different because of different energy requirements and roofing sizes, hence you need a solar panel cost calculator that can capture this data and provide a PV cost that captures your unique design parameters. The size of your PV system is unique to your site parameters, including but not limited to your roof size, energy requirements and other added parameters such as the type of PV system needed by the customer.
  3. What are the benefits of going solar? Going solar has unique benefits depending on your location and site-specific parameters. For instance, depending on which state you are come from, your solar benefits could be significant or minimal, especially when it comes to how much you can save with solar. Although generally, going solar is beneficial depending on your unique motivation for going solar. Some people are motivated to going solar for environmental reasons to reduce their carbon footprint while others such as businesses are motivated to reduce their energy costs etc.  Hence, a solar panel cost calculator is a great tool to help you determine these benefits without a hassle. Depending on what state you are in, going solar may prove to be a cost-saving idea if you are in a state that has expensive power or it may not if you are in a state that has cheap power. Expensive power means a high Internal Rate of Return (IRR), low payback period (PBP) and a high return on investment (ROI). You should connect with a solar expert today to get more information.
  4. How many incentives do I qualify for from the government when I decide to go solar? Your overall PV system cost can be significantly reduced if you have access to great incentives from both the Federal government and your state. The Federal government offers 26% Investment Tax Credit (ITC) for investing in solar PV— it allows you to deduct 30 percent of the cost of installing a solar energy system from your federal taxes. Also, many states have different state rebates for encouraging people to go solar. In addition, you can claim Solar Renewable Energy Certificates (SRECs) if you live in areas with SREC markets. Solar Renewable Energy Certificates (SRECs) are a solar incentive that allows homeowners to sell certificates to their utility. A homeowner will earn one SREC for every 1000 kilowatt-hours (kWhs) produced by their solar panel system. An SREC can be worth as much as $300 in certain markets.

Alex W.

A clean tech enthusiast with experience in renewable energy development & sustainability. Has specific interests and knowledge in solar energy & data science. Stays up-to-date on the newest developments in renewable energy and sustainability.

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