How much does a solar panel REALLY cost?

How much does a solar panel REALLY cost?

We 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.

 

Solar Panel Benefits

The recommended Solar PV system size is around 2 kWh and costs about Php 200,000. This you to save up to Php 3,000 a month for the next 25 years (GUARANTEED). The solar panels cost after installation are minimal. This allows you to acquire the return of investment within 6 years and save more than Php 850,000 over the years. Solar panels from other providers cost half the price but don’t guarantee your return of investment (ROI) and the lifespan of the system.

 
Check out our Solar Home Calculator which helps you estimate how much power you’d be needing and how much you’ll approximately spend.

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