Solar Estimate Formula:
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Definition: This calculator estimates the cost of a solar panel system based on system size, local installation costs, and available incentives.
Purpose: It helps homeowners and businesses get a preliminary estimate of solar installation costs before consulting with professionals.
The calculator uses the formula:
Where:
Explanation: The system size is multiplied by local cost per kW, then any available incentives are subtracted to get the net estimate.
Details: Accurate solar estimates help with budgeting, financing decisions, and comparing quotes from different installers.
Tips: Enter the system size in kW, local cost per kW in your currency, and any applicable incentives. System size and local cost must be > 0.
Q1: How do I determine my system size?
A: A typical home system ranges from 3-8 kW. Your ideal size depends on energy usage, roof space, and budget.
Q2: What's included in local cost per kW?
A: This includes panels, inverters, mounting hardware, installation labor, permits, and other soft costs.
Q3: What kind of incentives are available?
A: These may include tax credits, rebates, or solar renewable energy certificates (SRECs).
Q4: Is this estimate before or after incentives?
A: The result shows the net cost after subtracting any incentives you entered.
Q5: How accurate is this estimate?
A: This provides a rough estimate. For precise quotes, consult with local solar installers.