Solar Cost Formula:
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Definition: This calculator estimates the cost of a solar power system based on its size and the cost per watt.
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 in kW is multiplied by the cost rate in $/W (converted from kW to W) to get the total cost.
Details: Accurate cost estimation helps with budgeting, financing decisions, and comparing different solar options.
Tips: Enter the system size in kW and cost rate (default $2.5/W). All values must be > 0.
Q1: Why multiply by 1000 in the formula?
A: This converts kilowatts to watts since the rate is typically given per watt (1 kW = 1000 W).
Q2: What's a typical cost rate?
A: The average is $2.5-$3.5 per watt, but this varies by location, system type, and installation complexity.
Q3: Does this include installation costs?
A: Yes, the rate should include all hardware and installation costs.
Q4: How accurate is this estimate?
A: It provides a ballpark figure. For precise quotes, consult with local solar installers.
Q5: Does this include tax credits or incentives?
A: No, this shows gross cost before any incentives or rebates.