How much does a solar panel REALLY cost?
People are usually skeptic about the solar panel cost but through years of innovation and product development the cost of solar panels has decreased significantly. Solar panels weigh up to 20KG and can be easily mounted on to various roof types, the solar panel installation cost varies from the equipment needed to set the right inclination of the solar panels and installment of racking’s for mounting. The location of the site also affects the price due to shipping and manpower.
Another factor you have to consider is that the cost of solar panels vary from suppliers and the EPC. Which is mainly differentiated through Quality and efficiency. Most low cost solar panels don’t offer the same warranty as the leading brands.
The recommended Solar PV system size is around 2kWh and costs about Php200,000. It enables you to save up to 3,000php a month for the next 25 years (Guaranteed). The Solar panels costs after installation are minimal allowing you to acquire the return of investment within 6 years and save ++850,000php over the years. Some suppliers for Home solar panels cost half the price but don’t guarantee your ROI and the Lifespan of the system.
Check out our Solar Power Calculator which helps you estimate how much power you’d be needing and how much you’ll approximately spend.