Solar System Cost Formula:
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Definition: This calculator estimates the total cost of a solar energy system for your home based on system size, cost per kilowatt, and optional battery storage.
Purpose: It helps homeowners and installers estimate the investment required for solar panel installations.
The calculator uses the formula:
Where:
Explanation: The system size multiplied by cost per kW gives the base solar array cost, with battery cost added separately.
Details: Accurate cost estimation helps with budgeting, financing decisions, and comparing different solar options.
Tips: Enter the system size in kW, cost per kW for your area, and any battery storage costs. All values must be ≥ 0.
Q1: What's included in the cost per kW?
A: This typically includes panels, inverter, mounting hardware, and installation labor.
Q2: What's a typical cost per kW?
A: Costs vary by region but average $2,500-$3,500 per kW before incentives.
Q3: Do I need to include battery cost?
A: Only if you want battery storage; leave as 0 for grid-tied systems without storage.
Q4: How do I determine system size?
A: Consult with a solar provider or use your annual kWh usage divided by 1,200 (for average sun).
Q5: Does this include tax credits or incentives?
A: No, this shows gross cost before any incentives or rebates.