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 :

SaleBestseller No. 1
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
948 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. 2
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
38 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. 3
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
138 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.
Bestseller No. 4
Renogy 100 Watts 12 Volts Monocrystalline Solar Panel Bundle Kit with 30A Negative ground Charge Controller+9in MC4 Adaptor Kit
Renogy 100 Watts 12 Volts Monocrystalline Solar Panel Bundle Kit with 30A Negative ground Charge Controller+9in MC4 Adaptor Kit
442 Reviews
  • Authorized UL 1703 photovoltaic modules and panels. EL tested solar modules; no hotspot heating guaranteed.
  • Withstand strong wind (2400Pa)/heavy snow (5400Pa), Excellent performance in low light environments.
  • The charge controller has been upgraded to Renogy's new 30A PWM negative ground charge controller - the Renogy Wanderer.
  • 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.
  • The system can be extended up to 400watt in parallel connection.
SaleBestseller No. 5
ACOPOWER 100W Portable Solar Panel Kit, Waterproof 20A Charge Controller for both 12V Battery and Generator
ACOPOWER 100W Portable Solar Panel Kit, Waterproof 20A Charge Controller for both 12V Battery and Generator
26 Reviews
  • Battery and Generator Ready with three choices: ONE - build-in charge controller makes it ready for 12V battery; TWO -MC4 connector design for a solar generator; THREE -charge 12V RV battery and solar generator simultaneously
  • Portable: two 50 watts solar panels attached in pairs for portability. Case design facilitates transportation and helps keep solar panel safe when storing
  • Waterproof: the kit is IP65 waterproof, outdoor durability balances portability with solid frame build; 20A waterproof charge controller on the back
  • Easy Set-up: pre-installed stand allows for easy and quick set-up. MC4 connectors or Anderson plug allow easy installation to RV / camper / trailer battery unit. For pre-wired RV or camper, please contact ACOPOWER for adapters - Furrion and SAE Zamp solar
  • Expansible: 20A charge controller pre-installed allows an expansion for totally 200W solar system. An adapter is needed for the expansion, check the portable 200W solar system, please search acopower 200w portable; to build it yourself, please contact ACOPOWER
Bestseller No. 6
ECO-WORTHY 10W PV Polycrystalline Solar Panel System kit W/ 3A Charge Controller & 30A Battery Clips
ECO-WORTHY 10W PV Polycrystalline Solar Panel System kit W/ 3A Charge Controller & 30A Battery Clips
103 Reviews
  • Can be applied to varies DC appliance, Ideal for everyday use
  • Less than 2kgs, small in size and easy to take
  • Water-proof solar panel with long lasting aluminum frame provides over 20 years lifespan
  • 3A 12V/24V PWM charge controller, overcharge and over discharge protection for the battery
  • Battery clips with 2m extension wire, easy and convenient for operation.
SaleBestseller No. 7
Renogy 100 Watt 12 Volt Monocrystalline Foldable Portable Solar Suitcase with Voyager Waterproof Charge Controller
Renogy 100 Watt 12 Volt Monocrystalline Foldable Portable Solar Suitcase with Voyager Waterproof Charge Controller
429 Reviews
  • Adjustable, corrosion-resistant aluminum stand as well as a heavy duty handle and latches for longevity. Folded size: 19.9 x 27.2 x 2.8 inches. Ideal output: 500 watt hours per day (depends on sunlight availability).
  • Compatible with gel, sealed, lithium, and flooded batteries. Charge controller with LCD display for displaying operating information and data.
  • 20A built-in 5-stage solar charge controller provides overcharge protection, reducing fire risk.
  • Negative-ground charge controller for compatibility with your RV, boat, trailer, etc.
  • The low-voltage system avoids electric shock hazards.
SaleBestseller No. 8
Renogy 100 Watts 12 Volts Monocrystalline Solar Panel
Renogy 100 Watts 12 Volts Monocrystalline Solar Panel
917 Reviews
  • Perfect for 12-volt battery charging or multiple panels can be wired in series for 24/48-volt battery charging or for grid-tied applications
  • Diodes are pre-installed in junction box and a pair of 31-inch cables with MC4 connectors comes with the panel automatically
  • Withstand high wind (2400Pa) and snow loads (5400Pa); resistant aluminum frame which allows the panels to last for decades. Compatible with on-grid and off-grid inverters
  • High modules conversion efficiency. Ideal output: 500 watt hours per day (depends on sunlight availability)
  • 25-year transferable power output warranty; 5-year material and workmanship warranty
SaleBestseller No. 9
10 Watt Solar Panel Kit (FM123) for Mighty Mule Automatic Gate Openers
10 Watt Solar Panel Kit (FM123) for Mighty Mule Automatic Gate Openers
163 Reviews
  • The 10 Watt Solar Panel Kit is an excellent option to use as an alternative source that allows for increased power that maximizes sunlight for increased usage for your Mighty Mule or GTO/Pro Automatic Gate Opener.
  • 30% Residential Energy Efficient Property Tax Credit! Residential home owners can use this as credit on an operator system, accessories and installation.
  • Increases your savings on your electric bill and can increase your property value.
  • For gates that lack a power source at the site of installation, rated for 8 - 26 cycles, see zone chart.
  • Easy DIY (Do It Yourself) installation.
Bestseller No. 10
ECO-WORTHY 12 Volt 100 Watt Monocrystalline Solar Panel Kit with 20A LCD Charge Controller
ECO-WORTHY 12 Volt 100 Watt Monocrystalline Solar Panel Kit with 20A LCD Charge Controller
21 Reviews
  • Complete solar kit: 1pc 100W Mono Solar Panel + 20A PWM LCD Display Solar Controller Regulator + Solar Cable with MC4 Connectors. Basic component for off-grid applications, such as RVs, trailers, boats, sheds, and cabins. Easy to install with pre-drilled holes on the back of panel for fast mounting and securing
  • High modules conversion efficiency. Ideal daily output: 500Wh (depending on the availability of sunlight).
  • Comes with 20A PWM LCD display charge controller, you can expand your system up to a maximum of 400W.
  • 5 meters red 4mm² extension solar cable with mc4 connector and 5 meters black 4mm² extension solar cable with mc4 connector for connecting solar panel to charge controller.
  • Corrosion-resistant aluminum frame for extended outdoor use, allowing the solar panel to last for decades as well as withstand high winds (2400Pa) and snow loads (5400Pa).

Last update on 2019-04-23 at 10:21 / Affiliate links / Images from Amazon Product Advertising API

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