What Every Homeowner Should Know about Solar Panels Price Per Watt

The solar panels price per watt is the first thing you should know if you are interested in enjoying energy provided by the sun as your main source of electricity.

Solar power technology requires quite an investment at first, but it starts paying for itself in a few years. But although the investment will be worth it in the long run, there is no denying that solar panels can be quite expensive, so you need to think about the costs carefully before you make the purchase.

The best gauge of total solar power cost is the solar panels price per watt or the solar cell price per watt. So in buying solar panels, you just have to determine how much power you need and multiply the unit price per watt by the total number of watts you require.

Currently, solar panels cost an average of $4.50 per watt. This means that if you need a solar panel that can produce 50 watts of electricity, you will pay $225 for the entire system.

How Solar Panel Price Is Calculated

Many factors affect the final price of solar panels, and these include:

• Size and capacity

The size of solar panels alne does not determine its price since solar panels of the same size can produce different amounts of electricity based on the age and quality of the solar cells. But this factors into the computation of total solar panel costs.

• Quality and technology

Different manufacturers use different methods and technologies in producing solar panels; some are created using more advanced technologies and are thus more expensive.

• Expected lifespan

Due to the differences in make and quality of various solar panels, they also have different expected lifespans. As much as possible, look for solar panels that can last up to 20 or 25 years.

• Specific panel type

Solar panels come in different types, and the specific type also affects the solar panels price per watt of the entire system. You can choose from monocrystalline and polycrystalline solar panels.

• System type

Solar power systems also differ based on how they are installed and used. Here you can choose between standalone systems and grid-tie systems. When you use the standalone system, you are completely dependent on your solar power source as the only source of electricity in your home or building. When you use the grid-tie system, your total electricity usage is divided between the solar supply and your electrical company.

• Brand

Make sure to choose carefully "where to buy solar panel" so you will get the best price and the best quality at the same time. Two panels of exactly the same size and quality can differ in price because they were created by different manufacturers.

Payback and Incentives for Solar Panel Owners

If you own a solar panel, you do need to spend a sum at first. Don’t worry, though, because you can recover your initial investment in 3 to 6 years depending on the climate, usage, and installation. If you want to get the maximum output from your investment, make sure to install it in an area where it can receive direct sunlight without any obstructions.

You can also improve the solar energy absorption by putting the panel at a slanted position. This way, you can get all the electricity you need and never have to pay a dime to your electrical company.

Also, even when you’ve recovered the solar panel cost per watt that you paid at first, you even have the chance to earn from your solar power system by means of incentives. The government now offers incentives and tax credits for those who invest in solar power technology.