The Expense Of Solar Energy Per Watt

The price of gasoline and of fossil fuels in general is going up. Most people are aware of this. At the same time, the solar energy cost by any practical measure is dropping. That’s even more true for home owners who make their very own solar panels and install their rooftop solar system on their own, but in general advanced technology blends with economies of scale to eliminate the cost of solar panels for consumers.

One great way to assess the cost of any type of energy production, including the cost of solar panels, is in terms of cost per kilowatt-hour (KWH). Utilizing cost per KWH allows comparing the production of a power plant over its life towards the cost of constructing, sustaining and managing the plant though utilizing cost per watt is more useful for some uses just like pricing solar panels. The expense of manufacturing and installing the plant, maintaining it, fuel and also other managing costs, cost of decommissioning, and environmental effect costs are included on the cost per KWH. It is often hard to acquire great facts about that last factor, which may add considerable expenses to some forms of energy production just like coal-fired power plants. costs to the forms of energy production like coal-fired power plants.}

At 2011, the cost of solar power stayed high up to 10 to 15 cents per KWH. This comes even close to 4-6 cents per KWH for wind, 4.8-5.5 cents for coal, 4-4.4 cents for natural gas, and 11-15 cents for nuclear power. To mirror environmental costs, the expense of coal power, natural gas as well as nuclear should be increased, though the change involve is difficult to calculate.

We experience a verge of revolution in solar energy cost, but by 2020 that could lower the cost per KWH under 5 cents. This would make solar energy clearly less expensive than fossil fuels, specifically as the cost of fossil fuels is predicted to go on rising, and as environmental concerns are anticipated to be more urgent. Solar energy is inexpensive per KWH than nuclear power, which together with wind is the main competing “non-greenhouse” type of energy production.

Cost per watt is important when it comes to solar power for homes although it isn’t as beneficial when used commercially. That’s for the reason that the electricity utilized in home is tested in kilowatt-hour but wattage at given moment. Furthermore, the production of solar panels is assessed in watts instead of in KWH. The home owner should calculate the required capacity in watts of the solar system, and make use of them not only on the panels but on the installment too, also to reach a cost for the system overall.

In 2010 the cost of the solar panels slipped to $1 per watt, it is viewed as a milestone. Unless the home owner is prepared to install the system himself, this won’t be enough to make solar power price-competitive with conventional electricity. Doing one’s own solar panels drops it even more. First Solar Inc. quotes that the cost of solar panels should drop to around 60 cents per watt just before a commercially-installed home solar system can be cost-competitive. By 2020, we are facing a cost revolution in cost per watt in regards to industrial production of solar power.

Today, it is possible to construct and install home solar power which will create electricity needed in the house which will eventually help in preserving electricity bills. The revolution in cost can make this possible for those who don’t wish to do their very own setups or can’t do so.

Posted under Build Your Own Solar Panels

This post was written by editor on February 29, 2012

Tags: , ,

Leave a Comment

Name (required)

Email (required)



More Blog Post

    All you need to know for a DIY Soalr System in Books and CDs on eBay

1978 Mother Earth News Magazine Number 51: Solar Water Heater

Solar Power Cooker cd 38 bks Water Heater Homesteading Pump Dryer Vol. 1 of 4

Solar Power Cooker CD ROM 38 Books Water Heater Homestead Pump Dryer Vol. 1 of 4

Detailed Guide on Making Solar Water Heaters: Making Cheap but Quality PVC Solar Water Heaters

As Advertised on eBay