Friday, November 25, 2022

How Much Do Commercial Solar Panels Cost

Government And Public Sector

How Much Do Solar Panels Cost in Arizona?

Solar energy is certainly something for the public sector to consider and which could bring benefits to social housing, hospitals, transport and schools. Reducing the cost of electricity will make a substantial saving to the maintenance of these building as well as showcasing that local authorities are greener thinking and innovative. There are also financial schemes available to help with the cost of installation.

Alternative Energy Llc Can Help With Commercial Solar Panels In Phoenix Arizona

Alternative Energy, LLC is Phoenix, Arizonas premier commercial solar company helping small to large businesses go solar. Save up to 99% on electricity with commercial solar panels and other commercial energy-saving products. Get a free commercial solar quote! Learn more about the benefits of solar panels for business.

Solar Panel Lease Cost

A solar panel lease costs $100 per month on average, with most spending between $50 and $250 per month depending on their location and energy needs. Leasing solar panels is cost-effective and typically saves $50 to $100 per month on your electricity bills with little to no down payment.

Solar leasing companies are responsible for the installation and maintenance fees for the duration of your contract. If you decide to move, expect to pay additional charges to end your leasing agreement because transferring the lease to another buyer can be difficult.

If you own your solar system outright that generates 100% of your power, the monthly cost is less than $10 per month for minor grid-tied connection fees. An off-grid system has no monthly costs other than general maintenance.

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How Much Do Solar Panels Save

Switching to a solar energy system could potentially cut your energy bill by 75%. The savings you and your family see will depend greatly on where you live, what the climate is like and your particular energy needs. For instance, an average homeowner in Portland, Oregon, will see total savings of $38,000, whereas a homeowner in Los Angeles could save as much as $90,000 over 20 years.

Many solar energy companies provide a free calculator tool to help you easily estimate the cost and savings of installing solar panels on your home. Different solar calculators may estimate electricity costs in different ways. Numbers can be based on the national average, regional averages or other information you provide.

The average American electric bill is between $100 and $200 per month, and the average yearly energy cost is about $1,500. Depending on how much you pay out-of-pocket for the solar panel system, it could take five to 15 years to break even. To calculate how long it will take you to break even on savings versus the cost of your solar panels, first subtract your incentives and rebates from your costs. Divide that number by the amount you are saving on utility bills per year.

Even if your solar panels generate 100% of your electricity needs, you may still receive a utility bill. However, instead of asking for payments, you will get net metering credits for the month.

Hours Of Direct Sunlight Per Day

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The hours of direct sunlight per day your solar panels receive is determined by your geographic location as well as your building roof orientation, panel angle, weather, climate, shading, etc.

The amount of solar radiation received as the sun rises and sets each day will be unique for every buildings location.

For example, in a place like Arizona you could get 6 or more hours of direct sunlight per meter squared per day under perfect conditions. In the midwest you might get 5 hours per day. On the east coast you would get even less.

5 hours of direct sunlight per day x 365 days equals 1,825 hours of direct sunlight per year .

1,825 hours of sunlight per year hitting a 300 watt solar panel produces 547,500 watt hours .

Remember that 1,000 watts of electricity = 1 kilowatt. And 1,000 watts of electricity produced for one hour = 1 kilowatt hour .

You can convert the 547,500 watt hours to kilowatt hours by dividing by 1,000.

547,500 watt hours/1,000 = 547.5 kWh

A 300 watt solar panel receiving 5 hours per day of direct sunlight will produce 547.5 kWh of electricity.

However, PV Watts estimates that this building will get 4.72 hours of sunlight per day because it is located in New York where it receives less solar radiation.

With an area of 3,201 square meters of solar panels, this commercial solar system is capable of producing 608,200 watts DC) at an angle of 175 azimuth.

Other Solar Panel Efficiency Factors

Read Also: How To Apply For Federal Solar Tax Credit

How Long Do Solar Panels Take To Pay For Themselves

Depending on the size of your solar panel system and the export tariff, your solar panels can be paid off after 15-25 years. A larger system is more expensive, but it can generate more electricity and, therefore, can bring you more savings in the long-run.

A 5kW solar panel system can break even after 15-20 years, while a 3kW system can take 21-25 years to break even.

To protect the lifespan of your panels, ensure you always adhere to solar panel maintenance and cleaning tips.

How Freedom Solar Can Help With Savings

There are many factors that can affect the cost of your solar system, which is why it helps to have a trusted installer help you through the financial process. Here at Freedom Solar, were eager to help businesses go solar all across Texas and Colorado. Our financial expertise is just one of the reasons why were a leading residential solar installer.

Well help you find and take advantage of every possible financial incentive for solar energy in your area. The result? Youll reap the long-term benefits of this sustainable investment for the future of your business.

Also Check: How Fast Do Solar Panels Pay For Themselves

Feed In Tariff Scheme:

As of the 31st of March 2019 the feed in tariff no longer exists. Currently, you can make money from any unused electricity by selling it back to the National Grid.

Now that the Feed in Tariff has ended there are two other options:

The first is a battery which will store the unused electricity and means that you can run off grid depending on the amount you collect and use.

The second is the Smart Export Guarantee introduced by the government which means that energy suppliers will compete to give households the best price for their excess electricity. Homeowners will still see a long-term payment and faster return on their investments.

It is true that solar panels will never be cheap, but never the less, they are a good investment. Annually you can expect to save between £85 to £500+ on your energy bills depending on how much power you use daily and how many people live in your household. Those eligible for the FIT payments will save more money every year for 20 years. Even without FIT payments or when the payments end the power produced by your solar set up will be free.

Old feed in tariff rates:

If you were lucky enough to sign up before the 31st of March 2019 you would have received these payments. If you have a property which has an EPC of D or above, the FIT rate was 3.79p at scheme end. You can find the rates on the Ofgem website.

Once receiving the FIT, you would have continued to receive it for 20 years.

Schools Colleges And Universities

How Much Does it Cost to Install a Solar Energy System in 2021?

Educational premises are often on sites with large roof space which could be better used by installing solar panels. Not only will they see a financial advantage from solar power in reduced bills and possible income from the FiT scheme, but on a wider level, it will help to raise awareness of renewable energy. Some suppliers offer schemes to take the burden off the cost of installation with a PPA.

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Solar Panel Costs By State

Solar panel costs in the U.S. typically include equipment and installation services. Visit the Solar Energy Industries Association website to learn about local incentives and tax credits in your area. Its usually in your best interest to take advantage of state clean energy programs when you can it lowers your upfront costs and shortens your payback period.

State
  • Available in CA and TX

What Are The Benefits Of Solar Panels

  • With energy bills set to rise, taking the annual cost of an average household bill to over £2,500, take control of your energy bills by making the switch to solar energy.
  • The cost of solar panels are at their lowest point since 2010.
  • They’re an investment that will not only see you rely much less on your energy supplier and receive government payments, you’ll be adding value to your property so all in all while those initial costs may put you off at first, you could soon make it back and begin profiting.
  • Store excess energy generation during the day in a solar battery storage system for use after the sun has set compare the Best Solar Batteries.

Find out if solar panels are the right choice for your home in Are Solar Panels Worth It?.

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Solar Power Feasibility For Your Business Or Public Agency Building

We have designed these solar grid-tie systems for business and government.

We apply years of experience to our custom system details for the commercial property owner, industrial facility manager, solar farm, or homeowner with a business on their property. Good common sense dictates that economic feasibility be a factor in your solar power business decision.

Grid tie solar electric systems for commercial businesses and government agencies are the fastest growing segment of the solar market worldwide. With net metering programs now approved in most of the U.S. states, thousands of businesses, schools, and government agencies are now experiencing the benefits of solar electricity.

With a 30% Federal tax credit for solar power grid tie systems through 2017, and a new option for a 30% Federal Rebate through 2011, now is the time to invest in a solar power system for your facility. Many states have rebates to further help subsidize the cost of the solar photovoltaic system. With solar panel warranties of 25 years, solar arrays will stabilize your power costs over that period.

Plus, grid-tie solar systems generate electricity during peak load times, often offsetting higher tier utility rates, enhancing the system’s payback time!

Reduce Your Business’ Carbon Footprint

How Much Does Solar Panel Installation Cost in 2021 ...

Using electricity which has been generated via traditional methods, i.e. burning fossil fuels, means you are indirectly adding more carbon emissions to our planet’s atmosphere. If you reduce your reliance on the National Grid in favour of using renewable solar power, you can reduce your business’ carbon footprint significantly and help in the fight against global warming.

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What To Expect From Your Initial Installer Visit/consultation

Any Australian commercial solar installer worth their salt will conduct an energy profile analysis on your property.

The main things they will look for are:

  • The billing structure what kind of tariff is your business on?
  • The charges that cannot be avoided. Ancillary charges, AEMO charges, service availability charges, etc.
  • The energy consumption during daylight hours especially in winter. This will allow them to determine whats more important roof space or what you, as the customer, actually need. For example, you may need a 100kW system, but only be able fit 50kW on your roof an energy profile analysis will be able to definitively tell you if its still worth it to go ahead.
  • Arranging of site visit/inspection
  • Understanding your business needs and goals
  • Analysis of power bills and interval data

Faqs About Industrial Solar Panels

If you are interested in installing commercial solar panels, GreenMatch can help you compare the best offers on the market. Simply fill in the contact form and we will provide you with up to four quotes. Our service isn’t binding and completely free of charge.

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I Commercial Solar Panels Cost Factors:

Part I explains the various commercial solar panel cost factors that PV Watts uses to calculate your commercial solar system.

  • Size of commercial solar panels system
  • Type and efficiency cost of solar equipment chosen
  • Building occupancy type, lease structure and hold period
  • Geographic location
  • Solar panel efficiency and loss factors
  • Roof compass orientation
  • Hours of direct sunlight per day
  • Annual kilowatt hours of electricity usage
  • The cost per kilowatt hour you pay for electricity
  • How Much Does A Solar System Cost

    How Much Do Solar Panels Really Cost?

    Solar system cost is fairly consistent across markets, and consistently getting lower with time. That said, there are a number of variables that drive the cost of a commercial or residential rooftop solar system:

    • What is your roof made of?
    • Is your roof easy to get to?
    • Does your roof have a lot of space?
    • Do you want basic panels, high-efficiency panels, or something in between?

    If you need to generate a lot of power but have limited space on your roof, you may need to pay a premium for a more efficient panel. Higher quality panels capture more energy from the same amount of sunlight.

    The solar systems we install typically cost between $2.80 and $3.80 per Watt. Considering most residential systems run between 4 and 15 kW , were looking at about $11,000 on the low end, and $60,000 on the high end. Thats a big range, we know, but to be a little more specific, the large majority of home systems run between $20,000 and $30,000 . Many people consider solar system cost to be well worth it, not only because theyre sticking it to oil-exporting despots by buying less of their product, but because over its lifespan, a solar system will typically save you 2 1/2 times its cost in free energy. Read our Solar Cost/Benefit Analysis for more detail.

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    Grants For Solar Panels On Commercial Buildings

    Currently, the United Kingdom does not offer government grants for solar panels on commercial buildings.

    Applications for the Feed-in Tariff scheme closed in March of 2019. However, new funding opportunities may arise as the UK works toward lowering emissions and reducing fossil fuel reliance.

    The Smart Export Guarantee took effect in January 2020, and businesses can potentially experience financial gain from exporting excess energy back to the national grid. To be eligible, you must have a smart meter to measure the power exported.

    There are also some solar panel funding opportunities if you are in the public sector. Salix Funding, for example, provides interest-free capital for energy-efficient technologies. Salix is owned by Governments: it’s funded by the Department of Business, Energy and Industrial Strategy , the Scottish government, the Welsh government, and the Department for Education.

    Get Solar Panel Quotes For Your Business

    The cost of installing solar panels for your business will vary depending on several factors including which company you choose for the supply and installation. To find the most competitive price, we highly recommend comparing quotes from multiple solar installers.

    However, getting multiple quotes can take a while hard which is why Solar Guide is here to help. Simply take a few moments to go through our quick online form and we’ll match your needs with up to 3 solar installers based in your area.

    Once you have the quotes then you’re free to compare them and be confident that you’re not paying a penny more than you should be.

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    Commercial Solar Panels Make Sense For Businesses Of All Sizes

    Time to shake off that old way of thinking and join the growing chorus of smart business owners that have discovered that commercial solar panels are a great fit for a small to mediums sized business. Solar isnt just for Intel and Wal-Mart anymore. Businesses of all sizes are capitalizing on the financial opportunities of installing solar, proving that a solar energy system is a key strategic decision that virtually guarantees a solid financial return for your business.

    How Much Will You Make

    How Much Do Commercial Solar Panels Cost?

    How much a commercial or smaller business can earn from solar panel energy is very much dependent on how much sunlight they receive throughout the day and the size of the system.

    As a guideline, for smaller businesses, a 4kW system with FiT and electricity savings could add up to around £16,000 over 20 years.

    For larger businesses, A 10kw system could offer returns of about £2,000 per year and a 50kW could deliver upwards of £10,000 a year in income when installed in optimal conditions .

    There UK Government’s Feed-in Tariff concluded in March 2019, but a replacement scheme called the Smart Export Guarantee starts on 1st January 2020. Complete this form to receive free solar panel quotes from our suppliers.

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    How Do You Pay For A Solar Panel Installation

    Once you know the cost of solar for your unique project, its time to decide how youll pay for solar. There are three primary ways to finance a solar panel installation: a cash purchase, a solar loan, or a solar lease/power purchase agreement.

    Generally, a cash purchase is right for you if youre looking to maximize your savings from solar, you have enough tax liability to take advantage of the solar tax credit, or you have the funds available to pay for a solar panel system upfront.

    A solar loan is right for you if you dont want to shell out the amount of cash required to pay for a solar panel system upfront, you still want the most savings on your electricity bills as possible, and you would like to be eligible for all incentives and rebates.

    A solar lease or PPA is right for you if you would prefer someone else to monitor and maintain the system, if you arent eligible for tax incentives, or if youd just like to reduce and/or lock-in your monthly electricity bill.

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