The calculator also allows you to compare a high quality photovoltaic pv system with a lower priced solar system and see the difference in payback time.
Commercial solar panel months of billing data.
Rec s are a state incentive whose value is equal to the solar energy you produce over 15 years times the price set by the illinois power agency for rec s.
This fixed figure is established by the amount of power your panels are designed to yield over their 25 year lifespan.
For commercial customers this is paid out over 5 years and the rec value varies based on the size of the solar system.
The higher your bill the more likely you ll benefit from switching.
A critical calculation for potential solar buyers is the solar payback period.
In the state of new jersey the average cost of solar panel installation ranges from 12 240 to 16 560.
1 over two to three decades average electric bill savings can amount to thousands of dollars.
You can explore seia s solar means business report including interactive maps and data tools on the top corporate solar users in the u s.
How long does it take to earn back your initial investment in solar panels.
2018 was the second largest year for commercial solar installations with 1 144 mw installed.
When a solar installer refers to a solar panel as being a 300 watt panel or a 280 watt panel those watts are dc watts they re referring to.
On bill recovery loans make it easy to pay and manage solar installation costs by adding them as a line item to your business s monthly utility bill.
More than half of the 7 gw of corporate solar capacity has been installed in the last three years.
From pennsylvania data it is shown that the average cost of a solar panel installation ranges from 12 835 to 17 365.
See how long it will take for a solar system to pay for itself.
The solar payback period tells the customer the.
Solar savings payback calculator.
With a solar lease the bill from your solar provider is the same every month.
If you decide to move your business to a new location the unpaid balance of the loan can easily be transferred to the new property owners.
Solar panels generate their own power and can therefore greatly offset your monthly electricity bill if not eliminate it.
A solar provider handles the installation and then leases the equipment to you at a fixed monthly amount or sells you the electricity the panels generate at a set price per kilowatt hour.
On a cost per watt w basis a solar panel installation in pennsylvania ranges in price from 2 57 to 3 47.
This fixed figure is established by the amount of power your panels are designed to yield over their 25 year lifespan.
