Solar Price Formula:
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Definition: This calculator estimates the total price of a solar power system based on its power output and cost per watt.
Purpose: It helps homeowners, businesses, and solar professionals quickly estimate solar system costs for budgeting and comparison.
The calculator uses the formula:
Where:
Explanation: The system's power capacity is multiplied by the cost per watt to determine the total installed price.
Details: Accurate price estimation helps in financial planning, ROI calculations, and comparing different solar options.
Tips: Enter the system power in Watts and cost per Watt (default $0.50/W). All values must be > 0.
Q1: What's included in the cost per watt?
A: This should include panels, inverters, mounting, installation, permits - the complete turnkey system cost.
Q2: What's a typical cost per watt?
A: Residential systems average $2.50-$3.50/W in the US, but this varies by location, system size, and components.
Q3: Does this include incentives?
A: No, this calculates gross price before any tax credits or rebates which would reduce the net cost.
Q4: How do I estimate power needs?
A: Review your electricity bills (kWh usage) and consult with solar professionals for proper sizing.
Q5: Does this account for future expansion?
A: No, if planning to expand later, factor that into your initial system design and cost calculations.