How quickly would a system pay for itself?
The payback of a Solar system will vary based on three key inputs. • The cost of the installed system • The amount of energy in kWh’s the solar system can produce • The price paid for the energy produced. Cost A smaller Grid Tied Solar PV system (1Kw – 3Kw) installed on a roof top with fixed mounting angles will cost between $8,000 and $12,000 per kW. This may seem like a significant spread, however there are multiple factors that affect the price such as the quality and efficiency of the panels not to mention the inverter and the roof preparation. Typically one wants to ensure that when installing solar panels on a roof top, the roof is in good repair for it is more costly to make repairs later once the solar panels and hardware mounting brackets are in place. Energy Production The amount of solar energy varies based on the geographical location as well as the angle of the installation. Factors such as shade from taller buildings or even trees during periods of the day can significant
