Solar Is a Worthwhile Investment.
Breakdown of Solar Panels Cost
How Much Does Solar Energy Cost?
A typical commercial solar system size is around 60kW. Solar energy costs are divided into product and service costs. Below is a simple breakdown of the costs.
Solar Panels Cost – $109,376
Solar panels are the most expensive part of a solar system, making up:
- 44% to 52% of the total cost.
- Priced by $/Watt, but depends on the efficiency of the solar cells
- Generally come with a 20+ year warranty
Cost of Solar Inverter – $21,876
The 2nd largest cost of a solar system is the solar inverter.
- 44% to 52% of the total cost
- 6% and 7% of the total capital investment
- $3,000 to $20,000 (Approximately $850 p/W)
- 10-year lifespan. Replaced at least once during the life of the panels
Cost of Balance of System (BOS) – $37,500
The design and installation of your solar system are essential to performance.
- 7% and 11% of the total cost
- Typically come with a 10-year warranty
Cost of Labor Installation
The design and installation of your solar system are essential to performance.
- 7% and 11% of the total cost
- 9% to 10% of the system’s cost
- Typical workmanship warranty of at least 10 years
Greenzu’s PPA Eliminates Solar Panels Cost
If you like the benefits of solar but don’t want to shell out the money for parts, installation, and maintenance, then a Greenzu solar PPA is perfect for you! Not only do we help you save immediately, but our solar system brings up the market value of your building. Find out how you can get a no-cost solar system installed on your building with a Greenzu PPA and find energy freedom today!