Solar Cost Formula:
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Definition: This calculator estimates the total cost of a solar power system based on its capacity in watts and the cost per watt.
Purpose: It helps homeowners, businesses, and solar installers quickly estimate solar system costs for budgeting and comparison.
The calculator uses the formula:
Where:
Explanation: The system power is multiplied by the cost per watt to determine the total system cost before incentives.
Details: Accurate cost estimation helps in financial planning, comparing quotes from different installers, and evaluating return on investment.
Tips: Enter the system power in watts and cost per watt (default $2.75/W). All values must be > 0.
Q1: What's included in the cost per watt?
A: Typically includes panels, inverters, mounting hardware, installation labor, and permitting, but may vary by installer.
Q2: What's a typical cost per watt?
A: Residential systems average $2.50-$3.50/W (2023), while commercial systems may be lower. Prices vary by location and system size.
Q3: Does this include tax credits or incentives?
A: No, this calculates gross cost. Apply incentives separately to determine net cost.
Q4: How do I find my system's power rating?
A: Sum the wattage of all solar panels (e.g., 20 × 400W panels = 8,000W or 8kW system).
Q5: Should I include battery storage in this calculation?
A: No, batteries are typically priced separately. This calculator focuses on the solar array only.