A commercial solar panel installation is an investment. While it is rewarding in the long term, as commercial solar panels can produce electricity for up to 25 years and are better for the environment, there is no denying that there is a hefty amount to pay upon initial purchase. To ease your worries, we have answered the questions that often circulate within the mind of potential buyers. By explaining all of the essential details to you, we hope you see the value in pursuing sustainable living and a more inexpensive average electricity bill every month.
How efficient are commercial solar panels?
Most commercial solar panels have efficiency levels between 15% to 20%. However, researchers have recently come to develop photovoltaic cells with efficiencies reaching up to 50%. This is a fascinating development for the renewable energy sector. This means that in the future if photovoltaic cells covered only 0.6% of U.S. land, the commercial solar farm would generate enough electricity to meet national demand. Less space, more efficiency, and closer to a better tomorrow using green energy.
How many KWH does a commercial solar panel produce?
The output of a commercial solar panel depends primarily on the efficiency of the solar panel design and the material used to manufacture it. The average output of standard-sized monocrystalline solar panels produce approximately 250 watts of power at its peak. An average commercial solar panel is often 6 ½ feet long and 3 feet wide. They can weigh as light as 42 pounds, but on average, commercial solar panels weigh about 50 pounds. The typical output of a commercial solar panel produced in the market in 2022 generates an output between 250 to 400 watts.
How much is an electricity bill for a commercial solar panel?
People often ask: What is the average cost per watt for a small commercial solar installation?
In the United States, commercial-grade solar panels typically generate a cost of $0.06 to $0.08 per kilowatt-hour. This price is inclusive of the Federal Solar Tax Credit (ITC) and will vary based on the amount of sunlight and type of solar panels installed. According to an article by the Bangkok Post, the price per kilowatt-hour produced by a residential solar panel is 1.68 baht per kilowatt-hour. However, commercial solar panel systems have grown popular in the corporate sector in recent years. While costs will vary depending on the commercial solar power design, Chana Hospital reported that their electricity bill dropped by 150,000 baht since installing 20.4-kilowatt solar rooftop panels on their building in 2017.
This sustainable form of energy generation is steadily gaining popularity in Southeast Asia. With Constant Energy and many other renewable energy companies pushing for the population to make the transition, we are hopeful countries in this region will be using green energy and alternative energy resources for their electricity needs in the future. Has this article captured your interest so far? Look into saving more today with Constant Energy. Through corporate PPAs, we provide sustainability and substantial energy savings to our clients with a long-term outlook. There is zero investment and maintenance cost, and you get discounted electricity bill prices and savings on your average electricity bill from day 1. Furthermore, this will increase your company and property’s enterprise and asset value.
How long do commercial solar panels take to pay for themselves?
Commercial solar panels are purchased and installed for the purpose of reducing or entirely eliminating the cost of electric utility bills. Depending on the cost to install the commercial solar panel installation and commercial solar panel cost, it can commonly take up to nine to 12 years for them to pay for themselves. The way this will be calculated is to take your commercial solar installation cost and divide it by how much the commercial solar power systems help you conserve annually. For example, if you purchase a commercial solar power system for 500,000 baht and save 40,000 baht annually, you will break even with your investment cost in 12.5 years.
How long does a commercial solar farm last?
Commercial solar panels are highly durable as they are designed to withstand all weather and climates. They also require very little maintenance due to the structural way they are made. Their operational lifespan is well over 15 years and can last well up to 30 or 35 years. They can produce power for much longer after this by taking proper care of them. As society continues to advance and technology with it, commercial solar panels may last even longer in the future.
All things considered; it is ultimately up to you whether you want to invest in a commercial solar panel installation. There are many benefits to having rooftop solar panels. Other than saving costs in the long term, you will also be able to brand yourself as a green company. Investing in alternative energy resources improves the value of your property and your company’s assets. There are many things to consider, but you won’t have to do it on your own. Our solar energy experts at Constant Energy are more than happy to help you through the process. Should you decide to pursue a commercial solar panel installation, we can even help you get it to operational date as soon as possible with our widely effective Fast-Track Development Model.
Start your journey in creating a better tomorrow today with experts who care and consult Constant Energy for your solar energy needs.