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 KitsHome Solar SystemsHome Solar SystemsNew Solar Panel TechnologySolar Panel Technology
Car Power Inverter Cigarette ChargerCar & Truck InvertersSolar Panel TypesTypes of Solar PanelsSolarEpic 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
871 Reviews
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
  • 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
Renogy 200 Watt 12 Volt Monocrystalline Solar Starter Kit with Wanderer
236 Reviews
Renogy 200 Watt 12 Volt Monocrystalline Solar Starter Kit with Wanderer
  • 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. 3
Renogy 400 Watt 12 Volt Monocrystalline Solar Bundle Kit
6 Reviews
Renogy 400 Watt 12 Volt Monocrystalline Solar Bundle Kit
  • Four Renogy 100 Watt monocrystalline grade A high efficiency solar panels.
  • The charge controller has been upgraded to Renogy's new 30A PWM negative ground charge controller the-Renogy Wanderer.
  • One 9In MC4 connector adaptor kit with MC4 male and female connectors
  • Three pairs of branch connector included for parallel connection to maintain 12volts.
  • Fully self powered offgrid systems
Bestseller No. 4
Zomma Solar Fountain Pump, Free Standing 1.4W Bird Bath Fountain Pump for Garden and Patio, Solar Panel Kit Water Pump
35 Reviews
Zomma Solar Fountain Pump, Free Standing 1.4W Bird Bath Fountain Pump for Garden and Patio, Solar Panel Kit Water Pump
  • Eco-friendly: Solar-powered decorative fountain makes it on all the time without having to flip a switch. It's good for the environment using renewable source of energy.
  • Longevity and simplicity: The fountain come with high quality and durable feature. It use highly efficient solar panel and new brushless pump. Easy to assemble and clean.
  • Product Advantage: This fountain can aerate the pool to increase the pH of water and keep water circulating to improve pond and fish life.
  • Versatile and Compact: The fountain is suitable for bird bath, fish tank, small pond, garden decoration, water circulation for oxygen, etc.
  • Easy to use. Just place the solar panel in the water and as soon as the sunlight hits it, the fountain will automatically work.
SaleBestseller No. 5
HQST 100 Watt 12 Volt Polycrystalline Solar Panel
198 Reviews
HQST 100 Watt 12 Volt Polycrystalline Solar Panel
  • Anti-reflective, high transparency, low iron-tempered glass with enhanced stiffness and impact resistance, Withstand high winds (2400 Pa) and snow loads (5400 Pa). IP65 rated junction box provides complete protection against environmental particles and low pressure water jets.
  • Pre-drilled holes on the back of the panel allow for fast mounting and securing. Compatible with different mounting systems such as Z-brackets, Pole Mounts, and Tilt Mounts.
  • High module conversion efficiency. Ideal output: 500Wh per day (depending on the availability of sunlight). Bypass diodes minimize power drop caused by shade and ensure excellent performance in low-light environments.
  • Advanced encapsulation material with multilayered sheet laminations to enhance cell performance and provide a long service life. Corrosion-resistant aluminum frame for extended outdoor use, allowing the panels to last for decades
  • 5 years material and workmanship warranty and 25 years power output warranty.
Bestseller No. 6
[30W Panel Foldable] HKYH Solar Panel Lighting Kit, Solar Home DC System Kit, USB Solar Charger with 4 LED Light Bulb as Emergency Light and 5 Mobile Phone Charger/5V 2A Output Can Charge Power Bank
92 Reviews
[30W Panel Foldable] HKYH Solar Panel Lighting Kit, Solar Home DC System Kit, USB Solar Charger with 4 LED Light Bulb as Emergency Light and 5 Mobile Phone Charger/5V 2A Output Can Charge Power Bank
  • New Product Promotion!!!HKYH patented solar lighting system is a completely independent off-grid power system,with a foldable solar panel with larger power output.
  • The item include 1 Foldable Solar Panel+1 Solar DC System+2x2W LED+2x3W LED+ 2 IPHONE 4&5 ADAPTER+3Cord
  • The multiple outlets enable several LED bulbs working at the same time.It can be used as a portable power supply for travel and wild field.
  • The 5V 2A outlet is a universal charge port,can quickly charge cellphone,digital devices,power bank,shaver,fan etc.
  • If you have any questiones about this spotlight,don't hesitate to contact us,we are always at your service.
Bestseller No. 7
Solar Fountain, Solatec Solar Powered Bird Bath Fountain Pump 1.4W Solar Panel Kit Water Pump,Outdoor Watering Submersible Pump for Pond, Pool, Garden, Fish Tank, Aquarium
976 Reviews
Solar Fountain, Solatec Solar Powered Bird Bath Fountain Pump 1.4W Solar Panel Kit Water Pump,Outdoor Watering Submersible Pump for Pond, Pool, Garden, Fish Tank, Aquarium
  • Eco Friendly: It is an extremely competent solar panel. It is controlled with solar power completely. It does not need battery or electricity. It is an Eco Friendly solar pump and saves money.
  • Sprayer for Different Water Style: There are 4 different types of nozzle heads attached with the pump itself. It helps to change the height of water in different water patterns. The water can rise up to 30-50 cm approx.
  • Multiple Applications: This eco friendly solar pump is perfect for bird bath, fish tank, small pond, pool, garden, water circulation for oxygen. Your garden would definitely catch all the attention of the passers-by. Let your yard look so amusingly decorated by the solar water pump.
  • Floating Fountain Pump: It is very easy to use. You just have to do is, make the pump float on the water. Once the solar panel gain sunlight, it will run automatically within a couple of seconds. The brighter it receives the sunlight, better it works.
  • Suggestion: Make sure you have put enough water in the fountain so that the pump can stay entirely under the water. You should clean the pump on regular basis to avoid the pump get blocked with dirt.
Bestseller No. 8
ECO-WORTHY 10W PV Polycrystalline Solar Panel System kit W/ 3A Charge Controller & 30A Battery Clips
210 Reviews
ECO-WORTHY 10W PV Polycrystalline Solar Panel System kit W/ 3A Charge Controller & 30A Battery Clips
  • 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.
Bestseller No. 9
Renogy 100 Watts 12 Volts Monocrystalline Solar Panel Bundle Kit with 30A Negative ground Charge Controller+9in MC4 Adaptor Kit
501 Reviews
Renogy 100 Watts 12 Volts Monocrystalline Solar Panel Bundle Kit with 30A Negative ground Charge Controller+9in MC4 Adaptor Kit
  • 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.
Bestseller No. 10
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
33 Reviews
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
  • 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.

Last update on 2018-06-20 / Affiliate links / Images from Amazon Product Advertising API

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