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.

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Solar Lights Residential Solar Solar Calculator Solar Watches Solar Robots

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
838 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 ensures the broader off grid applications and safety, especially to be used on a vehicle which has battery negative on the chassis
SaleBestseller No. 2
ECO-WORTHY 10W PV Polycrystalline Solar Panel System kit W/ 3A Charge Controller & 30A Battery Clips
182 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.
SaleBestseller No. 3
Renogy 200 Watt 12 Volt Monocrystalline Solar Starter Kit with Wanderer
201 Reviews
Renogy 200 Watt 12 Volt Monocrystalline Solar Starter Kit with Wanderer
  • Two Renogy Premium Grade A High Efficiency 100 Watt Monocrystalline Solar Panels
  • 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. 4
3360 Watt Solar Panel System - Complete Kit DIY
4 Reviews
3360 Watt Solar Panel System - Complete Kit DIY
  • 3360 Watts Per Day Peak Output - Assuming 4 Hrs Sunlight on all 3 panels
  • 5000W AIMS Modified Sine Wave Invertor w/ 4 outlet OR Terminal Bar 24V
  • 3x 280 Watt GCL Solar Panels
  • 2x Northstar AGM Sealed Maintience Free Batteries (80% depth of discharge)
  • LIVE FREE - Charge Controller
SaleBestseller No. 5
Renogy 100 Watts 12 Volts Monocrystalline Solar Panel
787 Reviews
Renogy 100 Watts 12 Volts Monocrystalline Solar Panel
  • 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
  • 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
Bestseller No. 6
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. 7
WindyNation 100 Watt Solar Panel Off-Grid RV Boat Kit with LCD PWM Charge Controller + Solar Cable + MC4 Connectors + Mounting Brackets
120 Reviews
WindyNation 100 Watt Solar Panel Off-Grid RV Boat Kit with LCD PWM Charge Controller + Solar Cable + MC4 Connectors + Mounting Brackets
  • 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. 8
[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
77 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.
SaleBestseller No. 9
HQST 100 Watts 12 Volts Polycrystalline Solar Panel Off-Grid RV and Boat Kit with 30A PWM LCD Display Charge Controller + Adaptor Cables + Mounting Brackets
46 Reviews
HQST 100 Watts 12 Volts Polycrystalline Solar Panel Off-Grid RV and Boat Kit with 30A PWM LCD Display Charge Controller + Adaptor Cables + Mounting Brackets
  • Designed specifically for customers new to solar. Easy and convenient to install with pre-drilled holes on panels and Z brackets for fast mounting and securing.
  • Used in various off-grid applications that include 12 and 24 volts arrays, water pumping systems, signaling systems and other off-grid applications. Great for off-grid applications, such as RVs, trailers, boats, sheds, and cabins.
  • Provides many benefits, including quiet power production and grid independence. Ideal output: 500Wh per day (depending on the availability of sunlight); can fully charge a 50Ah battery from 50% in 3 hours (depending on the availability of sunlight).
  • Comes with a 100W 12V polycrystalline solar panel, a 30A PWM LCD charge controller, a pair of 20 ft 12 AWG daptor cables, a set of Z-brackets, and all necessary mounting hardware. With the 30A PWM charge controller, you can expand your system up to a maximum of 400W.
  • Warranty: Panels, 5 years material and workmanship warranty and 25 years power output warranty; Accessories, 1 year material & workmanship warranty.
Bestseller No. 10
WindyNation 400 Watt (4pcs 100W) Solar Panel Kit + 1500 Watt VertaMax Power Inverter + AGM Battery Bank for RV, Boat, Cabin, Off-Grid 12 Volt Battery System
33 Reviews
WindyNation 400 Watt (4pcs 100W) Solar Panel Kit + 1500 Watt VertaMax Power Inverter + AGM Battery Bank for RV, Boat, Cabin, Off-Grid 12 Volt Battery System
  • Bundle and save! Purchase all the components together and save time and money!
  • Solar charging will provide on average 1600 Watt Hours (Wh) or 135 Amp hours of charge per day (depends on sunlight availability)
  • Perfect kit for having an off-grid 12 volt battery system. 1500 Watt VertaMax Inverter provides plenty of AC power to run your household appliances and the battery bank will supply plenty of energy for moderate use.
  • Designed for RVs, cabins, homes, boats, back-up and remote power use
  • Complete kit includes: (4pcs) 100 Watt Polycrystalline Solar Panel, 30-amp P30L Solar Charge Controller (w/ LCD Display and user adjustable settings), 40 feet of UL Listed 12 AWG Solar Cable, all necessary MC4 Connectors, all necessary solar mounting hardware + 1500 Watt (3000 Watt surge) VertaMax DC to AC Power Inverter, 2 pcs of 2 AWG Battery Cables for connecting the inverter to a 12V battery + 4pcs BattaMax 100Ah AGM (Maintenance Free) Deep Cycle Batteries with 2/0 AWG Interconnect Battery Cable.

Last update on 2018-01-19 / Affiliate links / Images from Amazon Product Advertising API

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