How Much Do Solar Panels Save Your Money? |
Posted: December 10, 2018 |
Do you think that solar energy is esential just because it is a ‘GREEN’ and sustainable energy source? There is another significant benefit of it. The solar energy saves your money. How can it be possible when you need to invest a handsome amount in installing the solar energy setup? Yes, it is possible because once you install the system, it can generate power month on month. The operations and management cost for solar panes is minimal. Hence, you achieve Breakeven Point quite early. How much a solar panel save depends on many factors. What type of solar panels are there? How many hours of direct sunlight? What is the angle and size of the roof and so on? If you are feeding back the excess energy produced to the central power grid, then the saving could be further high. As the cost of solar power generation unit drops further, the saving also increases further. To determine the savings accurately, you need to work a little bit. Let’s calculate how much do you save? It is not possible to calculate the exact cost because it depends on many factors as mentioned earlier. Still, we can arrive at some ballpark figures. You should consider the electricity rates that are prevailing today. Also, considerthe possible increase in the prices. With an additional increase of 2 to 3 percent everyyear, you can estimate a remarkable increase in profitability. The cost associated with a solar system is predominantly the cost of installation. The operation and maintenance costs are minimal. When you feed the access electricity to the central grid, you get a further discount. Therefore, to calculate the savings, you should add the estimated cost of solar energy generated and the actual earnings received from the electrical system. Is the calculation correct? As mentioned earlier, 100% accuracy is not guaranteed. The figures you arrive at are purely on an estimated basis. You need the following information for calculation:
A solar energy system can achieve significant savings for homeowners or commercial establishment owners. Experts say that to arrive at realistic calculation, a long-term estimation is required. To arrive accurate estimate; it is possible to get the help of professionals. They can check all possible factors and arrive at more precise calculations. Solar energy is long-term, convenient and economical. Moreover, it brings money for you. Solar Warehouse Australia is here to make sure you get the best solution to you at the best solar system prices in Adelaide. It can provide you with premium solar panels in Adelaide and have over 15 years’ worth of combined experience in the solar industry. Call on 08 7127 0752 and inquiry for the best solar company in Adelaide.
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