Solar Cost Formula:
From: | To: |
Definition: This calculator estimates the total cost of a solar power system based on system size and available rebates.
Purpose: It helps homeowners and businesses plan their solar installations by providing a quick cost estimate.
The calculator uses the formula:
Where:
Explanation: The system size is multiplied by $2,500 per kW (industry average) and then subtracts any applicable rebates.
Details: Accurate cost estimation helps with budgeting, financing decisions, and ROI calculations for solar investments.
Tips: Enter the system size in kW and any rebates in your local currency. System size must be > 0.
Q1: Why the 2.5 multiplier?
A: This represents the average cost of $2,500 per kW installed, though actual costs may vary by location and system type.
Q2: What's included in this cost estimate?
A: The estimate includes panels, inverters, mounting hardware, and installation labor.
Q3: Where can I find rebate information?
A: Check with local utilities, state programs, and federal tax credits for available rebates.
Q4: Does this include battery storage?
A: No, this calculates costs for standard grid-tied systems without battery backup.
Q5: How accurate is this estimate?
A: It provides a ballpark figure. For precise quotes, consult with local solar installers.