Solar Power System, Solar Power Panels, Solar Power Installers
Solar Power System, Solar Power Panels, Solar Power Installers
More and more homeowners around the world are opting to install solar power systems for their homes. They want to lower long-term energy bills and reduce their carbon footprint.
According to SEIA’s report, residential solar capacity reached a new record in Q3 2021. This is expected to increase in the future. The efficiency and lower cost of solar power systems have largely fueled this rapid growth.
What types of solar panels are available? What equipment is required to create a home solar power system that produces enough energy? Are you able to install solar panels on your own? When will solar panels break-even? Let’s dive into these and other questions to get the answers.
What is a Solar System?
Roof-mounted solar panels convert energy-packed photons from natural sunlight into usable energy. Photovoltaic (or PV) solar power systems is often used to refer to solar panel systems.
Installing a quality solar power system at home can help reduce or eliminate your dependence on the utility grid for electricity that is used to lighten, heat, cool and operate your home.
Solar power systems installed in residential homes are a renewable source of energy that is clean and requires little maintenance. The savings could even pay for the initial investment in as little as a few years.
You will enjoy decades of energy-free living once your solar system has been paid off.
What are the different types of Solar Power Systems available?
There are three types of solar power systems.
Grid-tied solar systems: This is the most popular type of solar system. The home is connected to a grid to receive electricity from the utility if the solar panels don’t produce enough energy.
Hybrid systems: Also known as solar storage systems, the hybrid systems combine solar panels with a battery to store energy. The home can also be connected to the grid.
Off-grid systems are not connected to the grid. The home is entirely powered by energy generated on-site.
What is the cost of a Solar Power System?
Although solar panels produce “free” electricity there are still costs involved in installing them. Prices can vary depending on several key factors, including efficiency, capacity and location.
According to Nevada Solar Group, the average cost of a solar panel system for a U.S.-sized house is $11,144 to $14.696, after taking into account solar tax credits. For a small DIY project, you can expect to pay $200-250 per panel (around 1 watt).
Most professionally-installed solar panel systems cost between $18,000 and $20,000 before factoring in any rebates or incentives. Here’s a list of federal, state and utility incentives that you might be eligible for.
You can also add $10,000 to the price if you want to add a new battery to your system. Off-grid systems can be more costly because you’ll need more solar panels, more storage and more energy to cover your energy consumption.
The cost of a solar system will vary depending on its size, location, equipment, and who you use. You should also keep in mind incentives like the 26% tax credit provided by the IRS for solar energy.
The solar calculator includes both the initial cost and long-term savings. This will help you make a decision about whether to go solar.
How much does it cost to install solar panels?
Following federal tax breaks, the average cost of installing solar in the United States is $12,000. A smaller system costs around $5,000, whereas a Tier 1 system, which can cost up to $40,000, can be installed for around $12,000 after federal tax breaks.
An installation project involves additional costs beyond the cost of panels. Only about 25% of the costs for installation are actually for panels. The rest of the cost is made up by labor costs, operational expenses, and additional equipment such as inverters or control circuitry.
The Nevada Solar Group provides the installation, maintenance, and warranties for the panels and work. These extra services are not free but often well worth the cost. There are a few other factors that can affect the cost of solar panel installation.
Federal Solar Tax Credits
The solar tax credit covers 26% of system costs through 2022. The credit drops to 22% in 2023. You won’t likely be eligible for the federal solar tax credit in 2024 unless Congress extends it again. Commercial solar panel tax credits should remain at 10%.
Many state incentives can also be used to reduce the financial burden of homeowners who are interested in going solar. Municipal rebates and programs may be available that can lower your cost.
On average, solar panels cost between $2.51 to $3.31 per Watt. Nevada Solar Group estimates that wholesale installers pay 85 cents per watt. Rating solar panels is done in kW (kilowatt). One kW equals 1000 watts. A 2-kW system costs $4,381 after tax credits. A 5-kW system will cost you around $11,000, while a 10-kW system will run you around $22,000.
Choose from a variety of panels
All solar panels are not created equal. Monocrystalline and polycrystalline solar panels are the most common to power homes. Monocrystalline panels are more efficient than polycrystalline, but they also cost more. You might need to invest in more efficient panels if you have limited roof space. Contact us and know how to choose the best solar panels.
Where you live
The cost of going green depends on where you live. To determine how many photovoltaic panels your system requires, multiply your hourly energy requirements by the peak sunlight hours in your region, and then divide that number by the wattage of a PV panel. It is a good idea to have a range of high-wattage and lower-wattage panels.
To provide 100% of their energy requirements, most American homes will need around 30 panels. Your system’s size will also affect the cost of solar panels. Roof solar panels average about 5 1/2 feet high by 3 feet wide. So consider the size of your roof.
You can buy solar panels directly, but not everyone has the means. Although solar panels are expensive upfront, homeowners and business owners have options. They can get loans, solar leases, or power purchase agreements (PPA) to finance their purchases. For more information on solar financing companies, visit Nevada Solar Group website. This will help you make your solar panel purchase easier.
How much do Solar Panels save?
Your energy bills could be cut by as much as 75% by switching to solar energy systems. Your location, climate and energy requirements will all impact the savings that you and your family receive. An example: A homeowner in Portland, Oregon could see a total savings of $38,000. However, a homeowner living in Los Angeles, California, could save up to $90,000.
Nevada Solar Group offers a free calculator tool that will help you estimate the cost and savings associated with installing solar panels in your home. Different solar calculators can estimate electricity costs differently. The national average, regional averages, and any other information you provide can all be used to calculate the numbers.
The average American electricity bill is $100 to $200 per month. The average annual energy cost is approximately $1,500. It could take between five and 15 years to make a profit depending on how much you spend out-of-pocket to get a solar panel system. First subtract the rebates and incentives from your costs to calculate how long it will take to break even on your savings. Divide this number by how much you save on your utility bills each year.
The federal tax credit that is available for solar panel installation means that most Americans’ panels will pay for themselves in seven years. The solar investment credit for solar panels is now 26% for systems installed between 2022 and 2023. However, it has been extended by Congress to 22% for systems that are installed before 2023. It will then drop to 22% for systems that were installed after 2023. It will expire in 2024.
Even though your solar panels produce 100% of your electricity, you might still be charged a utility bill. Instead of asking for payment, you’ll get net metering credits each month.
How many Solar Panels will I need?
The number of panels you require will depend on your energy requirements. This will impact the price of your solar system. You must produce 100% of your home’s electricity to eliminate your electric bills. To achieve energy independence, most homeowners will need between 25 to 35 panels.
A solar panel produces approximately one kilowatt hour (kWh) per day. If you have 30 kWh per day, then you would need 30 panels to produce all your energy requirements. This can increase your energy costs if you have to produce additional energy to heat or cool a pool.
You will need to know how many kWh you use per year in order to estimate the energy you’ll require. This number is listed on your utility bill under “kWh used”. Take a look at your bills from the last year to find the monthly average. Add the kWh used to get the total and divide by 12.
Divide your monthly average kWh by 30 to calculate your daily kWh. If your monthly average kWh is 900, your average daily average kWh would be 30.
A satellite image of your roof is used to calculate how much solar power you can produce. Others use your region’s solar radiation to calculate the amount of electricity you can generate. Some calculators also use your typical electricity consumption without any other factors. If you are eligible, solar calculations could include local, state, and federal incentives that can result in significant savings.
To make your calculations more precise, consider adding in periods when solar power is less available. For example, when it’s cloudy, or at night. This can be done in two ways:
Battery backups can be used to store power and provide power when the sun doesn’t shine. There are many types of solar batteries, so it’s important to contact Nevada Solar Group and we will provide the best one for you.
If your system isn’t producing enough electricity, buyback agreements can offset the costs of purchasing electricity from the utility company. The utility company will pay you for the extra electricity generated by your solar energy system, if it produces more power than your home needs when the sun shines. This is called an “avoided expense”. This rate is typically less than half the price the utility company charges for electricity.
Although these calculations may seem complicated, they are essential if you want to get the best solar power system for your house.
How are solar panels installed?
The hardest part about installing solar panels in your home is actually the research. Between the moment you receive a quote from Nevada Solar Group and when your solar panel installation is complete can take anywhere from one to four months. Six steps can be used to describe the entire process:
- Purchase your solar panel equipment – Inverters and panels are the most critical pieces of equipment for any residential solar power system. While your Nevada Solar Group installer may make recommendations, most people find it easier to understand how solar panels work and choose the right solar panels for them.
- Hire an expert electrical engineer consultant to review the system before you buy. This will ensure you get the best system for you.
- An engineer from Nevada Solar Group solar installation will visit your home.
- Once you have signed a contract, meeting with an engineer at home is the first sign that your solar panel installation has progressed. The engineer will check that your roof is able to support the weight of solar panels and inspect your circuit breaker and electrical panel. Once the engineer has determined that your home is structurally sound enough for solar panel installation, you can start filling out forms.
- Complete the paperwork.
- The majority of the paperwork should be handled by Nevada Solar Group installers, including federal and state tax incentives, rebates, PACE, other clean energy financing initiatives, and solar renewable energy certificates (SRECs). However you should also be aware of where and what documents are being filed. Nevada Solar Group installer will help you to apply for federal and state incentives. They may also assist you with local building permits and restrictions. After all paperwork has been filed and approved, Nevada Solar Group installer will order the equipment that you chose when you signed your contract. Then, you’ll be added to a queue of solar panel installers.
- Nevada Sola Group will do the heavy lifting.
- Installation of solar panels takes just a few days. To ensure everything is intact after the engineer’s visit, the solar panel installer prepares your roof. The next step is to install electrical wiring that connects your panels with your power system. To support the panels, racks are attached to your roof. The racking is placed on top. The panels are then connected to inverters or control circuitry that converts solar power into usable energy.
- One last check.
- Before you can connect your panels to the grid, a representative from your local government must approve and verify that your installer is doing a good job. The inspector inspects for any faulty wiring, violations of electrical or roof setback codes.
- Turn the switch.
Finally, your Nevada Solar Group will send a representative to connect your solar panel system to its grid.
We are just a phone or email call away
Nevada Solar Group doesn’t sell you a set of parts when you buy your solar panel system. So you can feel confident installing solar like a pro, our experts will guide you through every step of the process.
Why Choose Nevada Solar Group?
Nevada Solar Group is a leader in solar. We are committed to making your customer experience a top priority.
All questions about solar panels, micro inverters, DIY solar installations, and the federal tax credit for solar are welcome by our solar experts.
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