A Simple Guide to calculate solar panels for home cost

In the past few years, the use of solar panels has increased significantly in both commercial and residential properties.

The reasons behind this popularity are many, but a major one is that the solar panels for home cost have declined quite much.

Now, it is not an expensive affair, and people can easily get a solar power system installed over their rooftops. In fact, there are solar panels available in the market that can match ranging budgets and needs.

If you have been planning to use solar energy but want an idea about solar panels for home cost, we are here to help you.

In this blog, you will understand how to calculate solar panels for home cost and what factors affect the prices. Let us begin.

Solar Panels For Home Cost: Factors That Affect It

• Type

There are distinct types of solar panels available in the market. Primarily, they are of three types – on-grid, off-grid, and hybrid.

Each of these are divided on the basis of whether they are connected to the grid or not.

Apart from the grid-based differences, solar panels are also divided depending on the materials used to make them. The types are:

1. Polycrystalline solar panels: They are made up of several crystals of silicon and can be bought at a low price.

2. Monocrystalline solar panels: As the name suggests, these solar panels are made with one single crystal of silicon. They are a bit expensive because of their complex manufacturing.

3. Mono PERC solar panels: These are one of the most efficient kinds of solar panels and are suitable to harness energy even in low-light situations. In fact, fewer mono-perc solar panels can easily get you your required amount of energy.

• Size & Number

The size and number of solar panels also impact the solar panels for home costs. 

For an exact calculation, you would require information regarding annual electricity usage, solar panel wattage, and the production ratio.

Just multiply your household’s hourly energy requirement by the peak sunlight hours of your location and divide that by a panel’s wattage.

Or simply contact a reputable company like Luminous India to get an exact idea of how many solar panels you need. 

As for the size, do consider the shape and size of your roof before buying solar panels. Depending on the size and number, your solar panels for home cost may vary.

• Installation Cost

It is not only the price of the product that needs to be calculated but also the installation charges. A number of factors also impact solar panels for home cost. A few of them are:

- Height of the building

- Locality

- The type of mounting structures, panels, and inverters

What is the Final Cost?

All this means that when it comes to solar panels for home cost, there is no one exact answer.

You can take an idea from the average cost of solar panels in India and then add the installation cost based on the company you are selecting. 

Moreover, your expenses don’t just end at solar panel for home costs.

You also need to buy other components, such as charge controllers, batteries, and an inverter, to create the whole solar power system.

Once you get an idea of it all, it becomes easy to calculate the cost.

The Bottom Line

Calculating the solar panels for home cost may be tricky, but once you learn about the ROI, it feels worth it. As per reports, it is said that solar power proves to be cheaper in the longer run.

Not to forget, it also helps you stay sustainable and environmentally friendly. So, plan soon and go green with solar energy.

Also, to buy the best-in-class solar panels for your home at an affordable price range, visit Luminous India’s official website today!