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Solar panels are much more effective when installed on the south-facing side of the roof, so strategy accordingly.

The promise about free electricity may make solar energy very alluring. However, whilst sunlight is free, solar panels are not. As one investment, solar panels can make sense with you if you stay in an area where electricity remains expensive and sunshine abundant. Otherwise, it can take decades before your decreased vitality bills appear to offset the first installation costs.

Instructions

Things You'll Need

Calculator Energy bills Solar panel specifications

1 Have your household's information. Take any look at your utility bills plus find your yearly kilowatt-hour usage and your cost per kilowatt-hour. Ideally, you should review your use bills for the full year, as your electricity usage is really likely to go up and down together with the seasons. All the same, if you don't obtain your utility bills on hand, you can use the average electricity consumption for a house in the US, which quantity to 920 kilowatt-hours each month. The other piece of household data you will need is the available area from your roof, as this will directly affect your possibility solar panel choices. The installation region need to be free regarding obstructions as trees or nearby tall buildings, and facing south.

2 Get your regional info. If you did never find your price tag each kW-h in your utility bills, you can find the average for your state on the website regarding the US Energy Information Administration. The other critical bit about data you will require is the typical solar radiation for your location, seeing that solar panels will not produce the very same amount about electricity from Seattle as they would within Phoenix. You can find a map for the average solar radiation in the Renewable Resource Data Center's website. Customize the map to reflect the power that would be captured with distinct installations, but whilst from doubt you can just pick yearly averages to south-facing vertical flat plates.

3 Purchase the data for your intended installation. You will need to speak to your installer to get the specifications of the solar panels that is you intend to purchase. Test that they can in good shape on your available ceiling area, and then ask about the buy and installation price tag, maximum output, potency and expected upkeep costs. Your installer should also be capable to tell you about any refunds or incentive systems available from your region. As a reference, the normal capacity for a home installation goes away from 1 to 3 kW, at a cost of roughly $8.5 per Watt (or a total of $8,000 to $25,500).

4 Work the math. To calculate the kW-h produced in a bestowed installation, multiply the area of the panels by the average solar radiation per square meter from your region. If you took the data away from the Renewable Resource Data Center, it will be provided as average kW-h per square meter per day, thus you will possess to multiply it in 365 to calculate the yearly manufacturing. Multiply those with the price per kW-h within your area to get your gross savings per year, and subtract the anticipated maintenance cost to get your net savings. Take the installation cost (minus rebates and inducements) and divide over your yearly net bank account to view the way long it will take prior to the solar panels actually fork out for themselves and your investment starts cash off.

US Energy Information Administration:Average Retail Price of Electricity to Ultimate Consumers by End-Use Sector, by State Environmental Power Technologies division: Tracking the Sun USA Energy Manual: How to Calculate Return on Investment to Solar Water Heaters and Solar Panels

Resources

Renewable Resource Data Center: U.S. Solar Radiation Resource Maps

Photo Credit Jupiterimages/Comstock/Getty Images ;. Solar Panel Grants.

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