Solar panel systems actually function as investments with strong rates of return and homeowners generating solar electricity can avoid paying increased utility rates by eliminating their electricity bills.
Return on 4kw solar panels.
Obviously the more energy your system produces and the more of that energy you directly use yourself the better that investment is even with the greater cost of installation.
Typical returns for a well sited 4kw solar panel installation in january 2019 came in at a surprising 6 50.
Most solar panels for residential installations are around 265 watts providing a good balance between efficiency and cost.
This could produce an estimated 300 to 750 kilowatt hours kwh of alternating current ac power per month assuming at least 5 sun hours per day with the solar array facing south.
Solar feed in tariff schemes pay solar system owners a premium for each kwh of power that they send to the electricity grid.
Domestic solar panel returns up to 6 50 as electricity prices rise despite a reduction in tariff rates from 41 4 p kwh in 2010 to 3 79 p kwh in january 2019 rising electricity prices are driving solar pv returns up over the last 2 years.
How do you get a return on your investment.
Solar panel output is expressed in units of watts w and represents the panel s theoretical power production under ideal sunlight and temperature conditions.
4kw solar system financial returns the financial returns from a 4kw solar pv installation are mainly dependent on the presence or absence of a solar feed in tariff to the owner operator of the system.
Now no one makes bespoke chandeliers quite like you do and in 5 years time your business has grown to three times its original size.
There are two main reasons why.
I cash in on the investment and get 30 back.
As you can see a 4kw installation will produce roughly half of the electricity an average us household needs.
How to calculate solar panels roi.
Today some homeowners even argue that installing solar panels on their roof is a long term investment with strong rates of return.
Buy the lowest cost 4kw solar kit priced from 1 15 to 2 25 per watt with the latest most powerful solar panels module optimizers or micro inverters.
Luckily the initial cost of installing a solar roof is dropping continuously.
Say i invest 10 in your bespoke chandelier business.
Most home solar panels on the market today have power output ratings ranging from 250 to 400 watts with higher power ratings generally considered preferable to lower power ratings.
4kw or 4 kilowatts is 4 000 watts of dc direct current power.
Wattage can be as low as 240 watts for cheaper panels to over 300 watts for the.
The financial benefits of going solar are now well documented.
According to a 2015 report by the lawrence berkeley national laboratory installing solar panels on your home can even.
Compare price and performance of the top brands to find the best 4 kw solar system with up to 30 year warranty.
