Are Solar Panels Worth the Investment?

The standard solar company sales pitch promises savings of thousands of dollars on going solar. The solar salesmen make it sound easy, but while you make any smart long-term investment it pays to consider the details. There are a few major factors to consider before you buy into the hype. You should look at the facts to determine whether the answer to your question:” Are Solar Panels Worth the Investment?” is a Yes or a No.

Are Solar Panels Worth the Investment
Are Solar Panels Worth the Investment?

The facts : “Are Solar Panels Worth the Investment”

There are quite a few solar options available in the market, but before you begin your exploration ; start with these questions to determine if Solar panels are worth the investment:

Understanding your electric bill?

Your current electricity bill is the most important factor in determining how much you’ll save by going solar. You pay your utility company for electricity; they charge you for every kilowatt-hour (kWh) of electricity you use. Your electric rate depends on which state you live in and which  utility provider you have in that state. In some states, you can pay as little as 8 cents per kWh;  while in others, you’ll pay 30 cents or more. Here is a map showing average electric rates across the country. This shows average rates in the different states; your actual rate might differ. Therefore, the best way to find out how much you actually pay is by looking at your utility bill. Here is a detailed article which will help you understanding your electric bill.

Are Solar Panels Worth the Investment
Are Solar Panels Worth the Investment – utility rates

 

Once you know how much you are paying for your electricity, you can evaluate your solar options with confidence. You can learn of the different varieties of solar programs in this article. One of the most popular solar programs is the solar lease or solar PPA. These programs effectively replace your utility company electric bills with solar electric bills. Once you go solar, your utility electric bills go down to almost zero and you pay the solar electric company for electricity at the new lower rate.

For e.g.: if you are paying 18 cents per kWh for utility electricity and your solar company promises you 10 cents per kWh for solar electricity, the savings are immediate and easy to calculate. You save 8 cents for each kWh of usage.

Lets look at the example on the left. Your electric utility charges 18 cents per kWh and your usage of 910 kWh per month results in an electric bill of $163 per month before solar. Post solar the electric bill from the utility company goes down to $5 per month. You have a new solar bill of $91 for the same energy (910 kWh @ 1o cents = $91); you  save $67 per month or $807  in electric savings over the year. This article will also give you more information to evaluate more questions such as : Are Solar Panels Worth the Investment?

Solar Panel Output Calculator

A solar system is effectively a mini electric power plant installed on your roof or in the yard.  This mini power plant will produce electricity and replace your utility company as your primary source of electricity.  You don’t get disconnected from the utility i.e you don’t go off grid when you install a home solar system, you just stop drawing power from the grid.  The grid acts as your backup to absorb any excess power your solar system produces or to provide power if there is a shortfall in production. As long as your solar system produces more power than your usage, you end up with a utility electric bill of $10 or less per month.

As a homeowner you replace the high electricity rates from the utility and save by switching to solar electricity. It is very important to know how much power your solar system will produce. Here is a solar panel output calculator which will help you assess the amount of power your solar system will produce.

Conclusion : “Are Solar Panels Worth the Investment”

The answer to the question ” are solar panels worth the investment?” is a YES if your answers to the following questions are all Yes.

a.  The difference between the rate for solar electricity and your utility is 4 cents or higher. The higher the difference, the higher the savings. If the difference is less than 4 cents your savings may not be enough to  add up significantly over time.

b.  You have enough roof area or yard with direct access to sunlight for 6 or more hours every day. If you have trees which cast shadow on your roof for more than a couple of hours a day, your solar panels will not produce enough power.

c.  Will your solar system produce enough electricity to offset 75% or more of your annual electric usage. It your panels produce less than 75% of power, you are not likely to save enough to make your solar panels worth the investment.

If you answered No to any of the above questions,  it is highly likely that the answer to the question “Are Solar panels worth the investment?” is No for you.  If you don’t like that answer, I would advise you to consult a solar professional before pulling the trigger on a solar system. You might end up not saving enough.

There is a lot more you can do with solar. Check out the these articles . Thank you for visiting mysolarhome.us.

Solar Panel Kits for RV and CampingSolar Panel Kits Home Solar SystemsHome Solar Systems New Solar Panel TechnologySolar Panel Technology
Car Power Inverter Cigarette ChargerCar & Truck Inverters Solar Panel TypesTypes of Solar Panels SolarEpic MPPT 40A Solar Charger ControllerSolar Charge Controllers
Solar CalculatorsSolar Calculators

Finally here is a selection of the best solar panel kits from the world’s largest marketplace :

Bestseller No. 1
Renogy 200 Watt 12 Volt Monocrystalline Solar Starter Kit with Wanderer
Renogy 200 Watt 12 Volt Monocrystalline Solar Starter Kit with Wanderer
239 Reviews
  • Negative grounding controller with battery reversed, overloading, short-circuit and over charging /discharging protection ensures the broader off grid applications and safety. Especially can be used on a vehicle which has battery negative on the chassis
  • The charge controller has been upgraded to Renogy' s new 30A PWM Negative-Ground Charge Controller - the Renogy Wanderer
  • With the Renogy Wanderer 30A PWM Charge Controller, you can expand your system up to a maximum of 400W
  • Ideal output: 1000Wh per day; can fully charge a 50Ah battery from 50% in 1.5 hours (depending on the availability of sunlight)
  • The kit now includes an 8ft 10AWG Tray Cable to connect your charge controller and battery
Bestseller No. 2
WindyNation 100 Watt Solar Panel Off-Grid RV Boat Kit with LCD PWM Charge Controller + Solar Cable + MC4 Connectors + Mounting Brackets
WindyNation 100 Watt Solar Panel Off-Grid RV Boat Kit with LCD PWM Charge Controller + Solar Cable + MC4 Connectors + Mounting Brackets
158 Reviews
  • The kit includes: (1) 100 Watt WindyNation Solar Panel, 30-Amp (user adjustable) WindyNation P30L LCD Display Solar Charge Controller with Battery Temperature Sensor, 40 feet of UL Listed 12 AWG Solar Cable, all necessary MC4 Connectors, solar panel mounting hardware and Installation Manual.
  • Designed for RVs, cabins, homes, boats, back-up and remote power use
  • Kit will provide on average 350 Watt Hours (Wh) or 33 Amp hours of charge per day (depends on sunlight availability). Add more solar panels in the future! The included charge controller can handle up to 4pcs 100W solar panels (12 volt system) and 8pcs 100W solar panels (24 volt system)
  • 100 Watt solar charging kit provides up to 100 watts of clean, free, renewable power
  • PWM Solar Charge Controller has user adjustable settings! LCD Screen shows system amperage, voltage, amp-hours, temperature and DC load draw. See Image in photo gallery for all LCD Screen readouts.
SaleBestseller No. 3
Renogy 100 Watt 12 Volt Extremely Flexible Monocrystalline Solar Panel - Ultra Lightweight, Ultra Thin, Up to 248 Degree Arc, for RV, Boats, Roofs, Uneven Surfaces
Renogy 100 Watt 12 Volt Extremely Flexible Monocrystalline Solar Panel - Ultra Lightweight, Ultra Thin, Up to 248 Degree Arc, for RV, Boats, Roofs, Uneven Surfaces
57 Reviews
  • With a flex range of up to 248 degrees, this panel is capable of meeting a wide range of applications where standard panels can be inconvenient to mount, such as on the curved roof of an airstream.
  • ETFE material has higher light transmittance, longer service life than PET material. ETFE material also has antifouling and self-cleaning abilities, ensure best performance day after day.
  • Thanks to advanced polymer materials, this product weighs 70% less than conventional solar panels, making transportation and installation a breeze. The lightweight design also contributes to lower mpg on vehicles.
  • Sleek and barely noticeable, the Renogy 100W flexible solar panel laid flat is only a tenth of an inch tall! Approximately 95% thinner than its rigid counterpart, this panel is ideal for a stealthy solar setup.
  • Rigorously tested, the 100W panel was designed to withstand extreme wind of up to 2400 Pa and snow loads of up to 5400 Pa. The Renogy 100W flexible solar panel is the best companion for RV, boat, cabin and other applications.
SaleBestseller No. 4
Renogy 100 Watts 12 Volts Monocrystalline Solar Starter Kit w/ 100W Solar Panel + 30A PWM Negative ground Charge Controller + MC4 Connectors +Tray Cable+ Mounting Z Brackets for RV, Boat
Renogy 100 Watts 12 Volts Monocrystalline Solar Starter Kit w/ 100W Solar Panel + 30A PWM Negative ground Charge Controller + MC4 Connectors +Tray Cable+ Mounting Z Brackets for RV, Boat
979 Reviews
  • The charge controller has been upgraded to Renogy's new 30A PWM NegativeGround Charge Controller the Renogy Wanderer
  • With the Renogy Wanderer 30A PWM Charge Controller, you can expand your system up to a maximum of 400W
  • The kit now includes an 8ft 10AWG Tray Cable to connect your charge controller and battery
  • Ideal output: 500Wh per day; can fully charge a 50Ah battery from 50% in 3 hours (depending on the availability of sunlight)
  • Negative grounding controller with battery reversed, overloading, short-circuit and over charging /discharging protection ensures the broader off grid applications and safety. Especially can be used on a vehicle which has battery negative on the chassis
Bestseller No. 5
WindyNation 200 Watt Solar Panel Kit: 2pcs 100W Solar Panels + P30L LCD PWM Charge Controller + Solar Cable + MC4 Connectors + Mounting Brackets for Off-Grid RV Boat
WindyNation 200 Watt Solar Panel Kit: 2pcs 100W Solar Panels + P30L LCD PWM Charge Controller + Solar Cable + MC4 Connectors + Mounting Brackets for Off-Grid RV Boat
48 Reviews
  • 200 Watt solar charging kit provides up to 200 watts of clean, free, renewable power
  • Designed for RVs, cabins, homes, boats, back-up power and remote power use
  • PWM Solar Charge Controller has user adjustable settings! LCD Screen shows sytem amperage, voltage, amp-hours, temperature and DC load draw. See Image #8 in photo gallery for all LCD Screen readouts.
  • Kit will provide on average 820 Watt Hours (Wh) or 75 Amp hours of charge per day (depends on sunlight availability). Can be wired for 12V or 24V battery charging.
  • Complete kit includes: 2pcs 100 Watt WindyNation Solar Panels, 30-Amp (user adjustable) LCD Display P30L Solar Charge Controller with Battery Temperature Sensor, 40 feet of UL Listed 12 AWG Solar Cable, all necessary MC4 Connectors, all necessary mounting hardware and Installation Manual.
Bestseller No. 6
SUNGOLDPOWER 200 Watt 12V Monocrystalline Solar Panel Module:2pcs 100W Monocrystalline Solar Panel Solar Module Solar Grade A Cell+20A LCD PWM Charge Controller Solar+MC4 Parallel Connector
SUNGOLDPOWER 200 Watt 12V Monocrystalline Solar Panel Module:2pcs 100W Monocrystalline Solar Panel Solar Module Solar Grade A Cell+20A LCD PWM Charge Controller Solar+MC4 Parallel Connector
26 Reviews
  • 1.The long-lasting 2pcs 100W monocrystalline solar panel and the tough, sealed, aluminum frame will give you years and years of consistent, free power. The waterproof design ensures that the panel can be used in all weather conditions.
  • 2.20A Solar Charger Controller with two usb socket, can charge two devices simultaneously ;Over-current and short-circuit protection, inverse connection protection, low voltage and overcharge protection;Equipped with industrial-grade STM 8 microprocessor to control the charger and discharge process and it has reliable battery to charge and discharge period management.
  • 3.MC4 Parallel Connectors are solely compatible with MC4 connectors and come with one male (MMF) and one female (FFM) connection.This MC4 Splitter upgrade waterproof degree to IP67 This MC4 Splitter with TUV certification and reach 25 years outdoor service life standard
  • 4.Easy Installation with pre-drilled hole. Corrosion-resistant aluminum frame for extended outdoor use.Suitable for Caravan, RV, Golf car, Electric car, Yacht, Boat, Tent or backpack ect.
  • 5.High modules conversion efficiency. Ideal daily output: 500Wh (depending on the availability of sunlight).
Bestseller No. 7
ECO-WORTHY 200 Watt (2pcs 100 Watt) Monocrystalline Solar Panel Complete Off-Grid RV Boat Kit with LCD Charge Controller + Solar Cable + Mounting Brackets
ECO-WORTHY 200 Watt (2pcs 100 Watt) Monocrystalline Solar Panel Complete Off-Grid RV Boat Kit with LCD Charge Controller + Solar Cable + Mounting Brackets
11 Reviews
  • This kit includes 2 pcs 100W mono solar panel, 1 pair of 5m(16.4') 4mm² solar cables, 2 sets Z style mounting brackets, 1 pc 20A CMG Solar Controller and 1 pair of Y branch
  • This 100W Mono solar panel with its high power output and the robust design the right solution for a stand-alone system.
  • 20A charger with build-in short-circuit protection,open-circuit protection,reverse protection,over-load protection.
  • Connect order please connect 12v/24v battery with controller first, it will automatically to 12v/24v depends on battery voltage.
  • Z shape surface mount brackets, allowing sufficient air space for cooling solar panel.
SaleBestseller No. 8
Renogy 200 Watts 12 Volts Monocrystalline Solar Bundle Kit w/ 100w Solar Panel,30A Charge Controller,9in MC4 Adaptor Kit,A pair of Branch Connectors
Renogy 200 Watts 12 Volts Monocrystalline Solar Bundle Kit w/ 100w Solar Panel,30A Charge Controller,9in MC4 Adaptor Kit,A pair of Branch Connectors
195 Reviews
  • Two Renogy 100-Watt monocrystalline solar panels can be connected in parallel by a pair of branch connectors.
  • The charge controller has been upgraded to Renogy' s new 30A PWM Negative Ground Charge Controller -- the Renogy Wanderer.
  • The system can be extended up to 400-watt in parallel connection. 4-Stage battery charging process for a rapid, efficient, and safe battery charging
  • Negative grounding controller ensures the broader off grid applications and safety, especially to be used on a vehicle which has battery negative on the chassis.
  • 25-year transferable power output warranty on panels and 1-year warranty on rest of the kit components
SaleBestseller No. 9
SUNER POWER 20 Watts 12V Off Grid Solar Panel Kit - Waterproof 20W Solar Panel + Photocell 10A Solar Charge Controller with Work Time Setting + 6.5ft Battery Clamp Extension Cable
SUNER POWER 20 Watts 12V Off Grid Solar Panel Kit - Waterproof 20W Solar Panel + Photocell 10A Solar Charge Controller with Work Time Setting + 6.5ft Battery Clamp Extension Cable
35 Reviews
  • Ideal solar power kit for variety of off grid applications including shed, cabin, gate opener, etc where 12V batteries is used as well as charge and maintain RVs, Boats, Trailer batteries.
  • Intelligent solar charge controller with optimized charging algorithm and charge stages makes the system work more efficient and protect battery overcharge and over discharge.
  • Photocell Control & Work Time Setting - Trun on the light in dusk and turn off light in dawn without manul operation, 1 to 13 working hours setting according to personal requirements, practical and useful.
  • Easy to install and virtual maintenance free. For Adjustable Solar Panel Mount Racks, check ASIN: B07G4BTPRL
  • 12 months extended warranty + 24/7 professional technical support.
Bestseller No. 10
ECO-WORTHY 100Watt Solar Panel Off-Grid RV Boat Kit:100 Watt Solar Panel+20A LCD Display Charge Controller +Solar Cable +Z Brackets
ECO-WORTHY 100Watt Solar Panel Off-Grid RV Boat Kit:100 Watt Solar Panel+20A LCD Display Charge Controller +Solar Cable +Z Brackets
53 Reviews
  • Comes with a 100W 12V solar panel, a 20A PWM LCD charge controller, a pair of 16ft mc4 connector cables and a set of Z brackets.
  • Designed specifically for solar panel system starter. Easy and convenient to install with pre-drilled holes on panel and Z brackets for fast mounting and securing.
  • PWM Solar Charge Controller with LCD Screen shows, battery voltage,ECO-WORTHY logo, dual USB ports
  • Perfect for off-grid applications, such as RVs, trailers, boats, homes,sheds, cabins,back-up and remote power use
  • Ideal output: 500Wh per day of clean, free, renewable power(depending on the availability of sunlight).

Last update on 2019-08-19 at 07:46 / Affiliate links / Images from Amazon Product Advertising API

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