The commercial solar system price is the crucial factor that needs your attention before buying the one. We all know that solar energy is the best and eco-friendly way to get renewable energy. Thus, we have a natural source like the sun that meets our electricity needs most efficiently. In addition, solar energy is the best green alternative that doesn’t pollute or emit greenhouse gasses. However, with time the solar energy is becoming more accessible and less costly. But before investing in commercial solar panels, read this thorough guide.
What is the commercial solar system?
Solar panels are a collection of 60 pr more solar cells. However, we place these cells in different positions and arrangements to get the energy. There are four main parts of the solar system:
- Solar panels
- Inverter
- Racking
- And monitoring
The solar panels work by using the PV cells, and they are joined together to form the solar panel system. Later, all of the cells made up of conductive material combine and turned the sun rays into energy. You can use this energy in the house or save it for commercial use.
Types of the commercial solar system:
Before moving forward and investing anything, it is vital to know about the different types. In this way, it will be a lot easier to see which one goes best for you. So, here are some main types:
- The monocrystalline solar module takes less space and shows the same efficiency as other panels. But this type of commercial solar panel is more expensive.
- The polycrystalline solar module is a much simple type of commercial solar system. However, these are inexpensive and efficient. But the performance could be a bit lower if these panels are working at high temperatures. Still, they perform well for residential purposes.
- Thin-film solar cells work by using photovoltaic cells. Moreover, there are several layers of the material onto the base. However, these are cheaper and more flexible when it comes to using a large scale.
- Amorphous silicon solar cells come with several layers. However, all of these layers are meant to increase efficiency.
- Biohybrid solar cell is a more natural method of photosynthesis. However, it forms after combining organic and non-organic matter. But these solar systems comparatively produce less energy.
Apart from this, it is vital to keep in mind that there is a difference between solar cells and panels. If you are only investing in solar cells, then these aren’t going to work. You have to buy solar panels to convert sunlight into electricity.
How is a commercial solar system best for your business?
It doesn’t matter if your business is big or small; you can advantage of the commercial solar system. But obviously, you have to keep an eye on the commercial solar system price cost. If you move from regular solar energy to solar, then surely it is a wise move. Moreover, it comes with lots of benefits. For instance, you can save extra costs, reduce your carbon footprint and energy supply. Many experts claim the commercial solar panel installation comes with a high ROI. However, one of the fantastic benefits is that you can save a lot on the maintenance cost because charges are minimal. Thus, even if you are running a small business, commercial solar panels would surely help reduce costs.
Is a commercial solar system worth all the hassle?
The shortest answer to this question is YES. Multiple factors are enough to conclude that the solar panel system worth all the hassle. But before heading further, here is the average solar panel cost for different settings:
| Residential solar system price cost/watt | $2.92-$2.96 |
| Commercial solar system price cost | $1.54-$1.56 |
| Utility-scale solar price | $0.99-$1.03 |
Reduce energy consumption:
In the longer run, the commercial solar system reduces energy consumption. First, however, there are two parts of energy consumption that you should know. For instance:
- The owner needs to be aware of the electric load in the organization.
- On the other side, you should know the load of your PV system.
As a result of this activity, you would know how much electricity your business needs. Moreover, you would be able to understand your future needs.
Exposure to the sunlight:
The vital thing is to know that whether your business site has direct exposure to the sun or not. If the solar cells do not get enough sun rays, they won’t meet the demand. As a result, your investment would go in vain.
Utility cost and rebate:
These are other main factors that decide whether getting commercial solar panels is worth it or not. One factor is related to the utility rates because they can change anytime. Moreover, the utility cost varies according to the region in which you are living. Apart from this, due to extra rebates and taxes, the commercial solar system is cost-effective.
What does the commercial solar system price cost?
According to the stats of 2019, the average national commercial solar panels cost is around $3.05/watt. But the prices may vary from state to state and depends on the tax credits. But if we look at the trends, then the average cost is falling due to the increasing trend. The commercial solar system price cost depends on the factors like:
For instance, if you need to install 20 commercial solar panels, the cost would be according to that. So now the expected average price/w and installation costs are as under:
- The average price per watt is ranging between $2.67-$3.43.
- On the other hand, the installation cost ranges between $11,214-$14,406.
The installation commercial solar system price cost depends on the fact how much electricity you want to generate. Here is the chart that is showing average prices according to different system sizes.
| System size | Average cost (Before tax credits) | Average cost (After tax credits) |
| 2kw | $6,100 | $4,250 |
| 5kw | $15,250 | $10,670 |
| 10kw | $30,500 | $21,350 |
| 20kw | $61,000 | $42,700 |
Note: It is vital to keep in mind that these are average and estimated prices. However, these may vary according to the state where you are living.
Financial savings: Commercial solar system price cost:
If you want to go on the road of commercial solar panels, then it is the wisest decision. But before making the final decision, don’t forget to read the above factors. Generally, the solar panel returns the investment within 24 months after installation. Moreover, in this way, you can save your business from the rising costs of electricity if you pay monthly $165/month to the electricity supply company. Later, it would be $1,980 annually and $49,500 after 25 years.
On the other hand, electricity rates also change up to 4% so that the cost may go up further. But after installing solar panels, you have to bear a one-time charge. Moreover, there isn’t any price fluctuation, and you don’t have to pay much for the maintenance.
Crux:
The commercial solar system price cost depends on the company’s situation and long-term goals. But it’s also vital to go for a reputable commercial solar panels service provider. In this way, you would be able to see a clear picture. Still, it’s vital to get basic information and list down your commercial requirements before relying on solar energy.