Photovoltaic Cost Formula:
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Definition: This calculator estimates the total cost of a photovoltaic solar panel system based on the number of panels, price per panel, and inverter cost.
Purpose: It helps homeowners and businesses plan their solar energy investments by providing accurate cost estimations.
The calculator uses the formula:
Where:
Explanation: The total panel cost is calculated by multiplying the number of panels by their individual price, then adding the inverter cost.
Details: Accurate cost estimation helps in budgeting, comparing quotes, and calculating return on investment for solar energy systems.
Tips: Enter the number of panels, price per panel, and inverter cost. All values must be ≥ 0 (except panels which must be > 0).
Q1: What currency should I use?
A: Use your local currency consistently for all price inputs (panels and inverter).
Q2: Does this include installation costs?
A: No, this calculates only panel and inverter costs. Add 10-20% for typical installation costs.
Q3: How do I estimate the number of panels needed?
A: Divide your annual kWh usage by the panel's annual kWh production (considering your location's sun exposure).
Q4: What's included in inverter cost?
A: This should include the central inverter or microinverters needed for your system size.
Q5: Are there other costs to consider?
A: Yes, consider mounting hardware, wiring, permits, and potential battery storage if going off-grid.