How much will going solar cost? That’s one of the number one questions people have about home PV system installation – and unfortunately, there’s no easy answer. The price of switching to PV power varies, as every project is unique.
The best way to determine your solar costs is to consult with a professional PV contractor. Most, including Solar Era, offer free, no-obligation consultations. But, you may find it helpful to understand the factors that can affect the cost of your home PV system installation.
1. HOME PV SYSTEM CONFIGURATION
How many solar panels do you need to meet your home energy needs? Are you planning on installing a rooftop PV system? Will you keep your connection to the utility grid, or are you going off-grid? The size, design and setup of your system will greatly impact your solar costs.
2. PV COMPONENT QUALITY
High-quality solar system components offer optimal efficiency, which means they can save you more money – and bring you savings for a longer period of time – than equipment of lesser quality. However, the best PV components typically come with higher upfront costs.
3. EASE OF PV SYSTEM INSTALLATION
If you have an irregular roofline or multiple rooftop obstructions like skylights and dormer windows, installing a PV system on the roof will be more complicated – and, therefore, more costly. And though placing a ground-mounted array may be simpler, your project will involve additional equipment that drive up your solar costs.
4. CHOICE OF PV CONTRACTOR
A subpar PV system installation from an inexperienced contractor can cost you a great deal of money in lost savings and in repairs. Although choosing an expert with extensive experience may increase your upfront solar costs – although if often does not cost more – it is the best way to ensure you make a sound investment. This is also the best way to ensure that you get comprehensive warranty coverage and repair service when you need it.
5. AVAILABLE NET EXPORT REBATES FOR GOING SOLAR
Installing a home PV system qualifies you for net settlement of energy – which, for PV projects begun from 2014, you are eligible to sell back excess electricity to SP or EMC. By taking advantage of every offer, many homeowners see savings of more than 40%.
Are you ready to find out exactly how much of an investment switching to PV power will require? For a free estimate in Singapore, turn to Solar Era.
The leading professional PV contractor in Singapore for over a decade, Solar Era offers expert home PV system installation at an affordable price. We can answer your questions about solar costs and help you make a smart investment in PV power – contact us and schedule a complimentary consultation today.
