Sunday, January 4, 2015

PV System Costs Explained

by Warren Byrne

The price of a PV system is dependent on the system's size and the types of components, but also scales somewhat with the system size or rating, and the quantity of energy produced. If your use offers net-metering (paying the full retail price for your excess electricity), you and your use will pay the exact same price for each other's electricity.

You need to use calculation tools to roughly estimate how much electricity your PV system will produce and how much that electrical energy will be worth.

Power production from your PV system varies by as much as 20% from these figures, dependent on your geographical location, the angle and orientation of your system, the standard of the elements, and the quality of the installation.

Also, you may not get full retail worth for excess electrical power created by your system on a once a year basis, regardless of whether your utility does offer net metering.

Be certain to discuss these issues with your PV provider. Request a written guess of the average yearly energy generation from the PV system. However , even if an estimation is correct for a median year, real electricity production fluctuates from year to year because of natural diversifications in climate and weather.
If your use isn't offering net metering, you can still calculate your system's electricity production.

But there's a wrinkle. The surplus electric energy is worth less than the electricity you really use. You could receive only 2 cents per kilowatt-hour or less than half the retail rate for your excess power. PV systems produce the majority of their electricity in the middle period of the day, when residential electrical loads tend to be little.

If your utility doesn't offer net metering, you might want a system that's only sufficiently large to meet your actual wishes.

Each situation is dissimilar and may require assistance from a local PV dealer to help you decide on the right solar power system.

Warren Byrne is the leading expert on Solar Power Systems and has written this intensive resourceful book on the topic, read it today.

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