flexiblefullpage - default
Currently Reading

New Study Reveals Cost Effectiveness of Solar Panels

Advertisement
billboard - default
Solar

New Study Reveals Cost Effectiveness of Solar Panels


December 1, 2020
Workers installing solar panels
Photo: Andy Dean

The installation of solar photovoltaic panels is appealing, but how does the return on the major investment play out? Home Innovation Research Labs’ new study looks at the cost effectiveness of solar panels across five markets across the country: Phoenix, Tampa, Boston, Kansas City, and Seattle. Home Innovation completed the report by using software from the DOE’s National Renewable Energy Laboratory, says the National Association of Home Builders. This software models the energy performance of solar panels at a specific location for a specific home configuration to calculate expected electricity production and more.

The model evaluated a new house construction scenario, which assumed that the solar PV system was installed prior to the house sale as part of the overall equipment package. The analysis did not incorporate any financial incentives because such measures are temporary and vary greatly depending on the jurisdiction.

The analysis indicates that the following factors are the primary drivers in determining how cost effective a rooftop solar PV system is:

  • Local electricity price
  • Utility tariff for purchasing excess electricity generated at the house
  • Solar resource at the site and panel orientation
  • Installed cost of the PV panels

Read More

 

Related Stories

Solar

Is Rooftop Solar for Everyone? Here’s How Homeowners Can Calculate Cost Savings

Rooftop solar offers a number of advantages, even beyond its environmental impact. But not all solar installations benefit homeowners equally

Solar

California Announces Plans to Cut Rooftop Solar Incentives—Here’s What That Means for Homeowners

California's solar incentive program just took a major hit after the state’s Public Utilities Commission voted to reduce payments to solar customers

Solar

How One Fintech Entrepreneur Is Working to Make Solar Affordable for Every Household

With the help of his solar loan fintech company, GoodLeap, Hayes Barnard is hoping to finance solar installations for a growing number of households across the U.S.

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category




Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.