What Affects the cost of solar panels

Purchasing and installing solar panels on your home or business is an excellent method of reducing your electricity costs in the long run. Harnessing the sun's power is also a great way to live a more sustainable and environmentally-friendly lifestyle. However, purchasing and installing solar panels does take an initial investment.

The cost of purchasing and installing solar panels depends on several things. One thing that greatly affects the price of a solar panel installation is the size of the array that you are installing. The larger the system and the amount of solar panels, the higher the cost of solar panels is going to be. The cost of solar panels also depends on the type of solar panels that you purchase. The solar panel cost varies based on whether you purchase monocrystalline, polycrystalline, amorphous silicon or hybrid solar panels.


The solar panel cost also depends on the type of structure that you are mounting the panels to, whether it be a house or a free-standing structure for the sole purpose of holding the solar panels. Another cost to keep in mind is the cost of a sun-tracking system, which can greatly increase the the efficiency of the solar panel arrays.

A typical residential solar panel installation produces about 3 kilowatts and costs about £10,000 to purchase and install. When examining the total cost of a system, it is important to include the savings that you will see in your electricity bills and the money you will receive through feed-in tariffs.

 

 
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