Various Factors Determining the Cost of Solar Power
The benefits of solar energy are numerous and incomparable. If you want to improve power supply to your home or you want to cut down the cost of power supply, it is a good idea to consider solar source of power. However, you must be wary of the solar panel cost before you consider installing it. Many families are installing solar panel at home and it will not be a bad idea if you also do so. It is a source of clean energy and you will always get good value for money. In this write-up, we will consider a couple of things about the cost of installing solar panel in your home.
Factors that determine the cost
The main cost you should worry about when planning to use solar energy at home is the cost of buying the solar panel and the cost of the battery. The other associated costs, like the cost of shipping and the cost of installation are minimal and will not amount to much. Even at that, the cost of shipping and installation can bear on the total cost ad drive it up considerably.
Studies show that the initial cost is usually high but that it will always give good value for money and that you will get your money worth from the solar power. The number of solar panels that you decide to install can also determine the solar panel cost. If you want to install a 2kWp solar panel system in your home, for example, you may have to spend up to £4995 if the solar panel and battery are to be purchased in the UK. The cost quoted above includes both VAT and the cost of installation. If you want to install 14 solar panels together with a 3kWh solar battery, it can cost you up to £9,000.
Battery type also important
The type of battery you want to install as part of the solar power system is also very important consideration when considering solar panel cost. The cost of the batteries increases as the capacity of the batteries increases. The battery model equally determine the cost if procuring it; some battery models are more expensive than others. 2kWh Moxia Smart Battery, for example, will cost you £2950. In some cases, the cost of the batteries may determine the reliability and durability, but this is not always the case; there are cases in which more affordable solar panel batteries end up being more durable than the more expensive types.
Flexible payment method also available
From the above, you would have realized how high the solar panel cost can be, especially if you want to buy the entire solar power system. The flexible payment method will allow you to pay for the solar panels and battery on installment so that it will not negatively impact your purse. If you are living on a budget and cannot afford to pay for the solar power system at once, this flexible payment method will ease the payment method and enable you to benefit from this alternative source of power without paying through the nose.