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Solar PV Roofing Guide: Solar PV Guide:
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Solar PV Guide: Prices, Design, Installation & Pay-off Period (ROI)
Solar Photo-voltaic (PV) technology is the way of the future, for generating and supplying electric power for homes and businesses in the US and across the world. Despite the great potential of Solar PV, current cost and efficiency of solar panels makes them a green, yet expensive alternative to conventional ways of generating electricity, such as Coal, Gas and Oil fired power plants as well as Nuclear and Hydro electricity.
Planning a Solar PV system
When considering installing a Solar PV system, you as home or business owner will need a to know the future size of your solar system in kW ( 1 kilo watt is 1000 watts) and the cost associated with this solar system. You also need to establish your current annual electricity usage and decide if you want to reduce or completely eliminate the use of electricity that you purchase from your utility company.
Designing a Solar PV system, tailored for your need In Massachusetts and surrounding states, we have an average of 4.5 sun hours per day annually. This accounts for rainy and cloudy days as well as long, sunny summer days and short winter days.
Solar PV Cost
National average cost to install a Solar PV system ranges from $9 to $12 per watt or $9000-12000 per kW DC (direct current) of solar system installed, with smaller installations being at the top for this price range due to fixed costs such as equipment, setup, installation, permits and paperwork.
ROI and pay-off period for Solar PV
For purposes of this guide we will use two hypothetical solar PV systems – one being a 4 kW residential system and the other being a 25 kW commercial system. To simplify this guide and to avoid any confusion both of those systems are installed in Massachusetts. This way we know exactly what the MA state rebates are for each system and what the local electricity costs are from N-Star and National Grid utility companies. These two utility companies have the widest presence in MA market.
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