My family and I are looking into solar panels for our home. But I'm unsure how it would be priced. This month our home used ,623 kwh. The solar panel company said we should expect $6-$9 per watt used. What would that put as at?
With out doing the math,, I think I would ask the solar panel company to explain it to you as they are trying to sell it to you. And see if you have some sort of warranty of savings. Make them work for the sale!!
OK, KWH stands for Thousand Watts per Hour. You used ,623,000 watt/hours last month. If you pay $6.00 per watt, your bill would be $9,738,000.00. That's right-$9 million,seven hundred and thirty-eight thousand and 00/00.
It is easier if you will going to visit a number of solar panel company just to be sure that you have the right values. Some of them will give you a free solar panels quote. Compare and select options that will best work for your home and budget.
As the day progresses, solar panels start at near 0% efficiency, then to 00% at high noon, then drops off to 0% in the late afternoon. So you have to ask if the ,500 watt system is the peak output capacity or the AVERAGE output where the average would be near 70% or less of the peak over the day. Just do a LOT of research and number crunching. I'm waiting until it is cheap enough to by the whole system. A warranty is no good if the company goes out of business.
I don't know how they calculate out the savings, but ask your local supplier. The expensive part of heating hot water is the initial starting of the warming of the cold water, but this is where solar panels come to play a very good role in preheating home hot water cylinders. Sometimes the water coming from the solar panels is hotter than what the hot-water cylinder thermostat is set for this is one way you save money Another equally expense of heating hot-water is when the element thermostat keeps the temperature up to the desired setting of the thermostat. Where as having a solar panel or two the hot water cylinder is only a storage container to store the hot water in! A great invention in my book! The initial costs are buying these units having them installed, but over time you will start saving money on your heating hot water costs, where you will be able to waste a bit of hot water and not worry about the costs going to waste or down the drain... I suppose you know all of this, but I'm sorry, I can't convert your conversion question, best ask the supplier to put everything in layman's terms so you can understand it better more clearly! Cheers!!
