The amount of sunlight (irradiation) that falls on a commercial solar panel surface and is converted into electricity is evaluated by its efficiency. The average panel conversion efficiency has increased from 15% to well over 20% in recent years, thanks to numerous photovoltaic technology advances.
A standard size panel’s power rating increased from 250W to 370W due to this substantial inefficiency. Commercial Solar panel efficiency is determined by two key factors, as detailed below: photovoltaic (PV) cell efficiency, is determined by cell design and silicon type, and total panel efficiency is determined by cell layout, configuration, and panel size.
Commercial Solar panels can be evaluated on four essential aspects: production, durability, warranty, and manufacturer quality. The power rating, power tolerance, efficiency, and temperature coefficient are all factors that influence how often electricity a solar panel can generate.
1. Commercial Solar Panel Efficiency
The commercial solar panel generates electricity directly from the sun and measures the efficiency of how much commercial solar panels can generate the sun’s energy into electricity under ideal, laboratory-like conditions. A solar panel with a 15 per cent efficiency rate will generate 15 per cent of the power it receives from the sun. Depending on the technology, today’s commercially available solar panels will achieve a 15 per cent to 24 per cent efficiency rate on average.
Efficiency will not seem important at first glance because any commercial solar panel you purchase will have a certain watt rating.
Greater flexibility leads to increased productivity. With fewer panels, you can produce the same amount of power in less space, maximizing your power production from the space you have available. Lower installation costs are also associated with fewer panels. And if you didn’t have to use all of the available space at first.
If you’re not using all the available space initially, having fewer panels makes it easier to add more later if your energy requirements change. Less efficient commercial solar panels can save your money. But it would not meet the quality standard and durability.
2. Durability and Degradation Rate
When it comes to a significant business investment like solar—one exposed to daily highs and lows of temperature, wind, snow, and humidity—durability is just as important as efficiency.
We’re not just talking about repair or replacement costs. It’s also important to factor in the cost of lost power and the time spent on administrative tasks as problems are resolved. The less durable the panels are, the more time you’ll spend filling out claims forms, waiting for panels to be replaced, and losing out on solar power.
The rate of degradation of your solar panels is approximately equal to their durability.
All commercial solar panels‘ performance degrades over time. The trick is to determine whether the money saved upfront on lower-quality panels outweighs the costs of faster degradation over time.
Choosing less expensive panels will allow you to reach your financial goals quickly. However, keep in mind that even a tenth of a percentage point difference in annual degradation rate can have a significant impact on the amount of energy your system produces throughout its lifetime. Find out the average degradation rate of any panel you’re thinking about and what the energy output will be in 20 or 25 years.
The efficiency of a solar panel is determined under ideal, lab-like circumstances. The reality, however, can be quite different. Commercial solar panels on the roof, in less-than-ideal light, or in extreme temperatures are unlikely to achieve their efficiency ratings. That’s why it’s important to understand their real-world performance—that is, the amount of energy you can realistically expect based on your installation type and location.
Commercial solar panel providers and installers should be able to give you an approximation of how well the panels would then perform based on weather patterns in your area, the area of your panels, and the amount of average sunlight they’ll get throughout the year.
We’ve discussed efficiency, durability, degradation rate, and performance regarding your commercial solar panels, but there’s one more important topic to cover: the warranty. How the commercial solar panels will be replaced—and how disruptive the replacement process could be to your business—is just as essential to your decision as any other feature.
Typically, all solar panels come with:
1) Product warranty that covers a product against defects; and
2) Warranty power that covers a minimum guaranteed power rating.
These two warranties can either be for the same period of time (25-year combined) or for different periods (10-year product, 25-year power)—and may or may not include the service required to replace defective or underperforming panels.
When evaluating the long-term financial impact of a solar investment for your firm, ensure the potential costs of product and power warranty claims. Determine what will be covered by a panel’s power warranty once the product warranty expires if they aren’t concurrent. Weigh the short-term savings that may come with less-expensive panels against the long-term. They might have higher return rates and replacement costs. You should also know what steps to take when a panel requires replacement. The fewer risks, the better.Read More
Solar energy has proven to be one of the most efficient and cost-effective ways to generate electricity. Solar energy-generated electricity is not only cost-effective, but it also has no impact on the environment. This method of electricity generation aids in the reduction of pollution and the improvement of the environment. The solar industry’s technology has advanced by leaps and bounds. An increasing number of people have realized the benefits of going solar and are now buying solar panel systems.
The government and the people participate in changing electricity production methods to renewable sources and making the country ample sunlight a Solar Australia. Solar energy can benefit everybody; it doesn’t matter if you are a residential client or a businessman, or an industrialist. Whether you’re purchasing a solar system for financial or environmental reasons, there is always something for everyone; it also has many benefits.
Go Solar for Energy Independence
Nonrenewable energy sources – coal, oil, natural gas – heavily rely on power in Australia to the point of future depletion due to the cost and environmental damage. Solar power is a renewable energy source that is constantly replenished and will never run out.
Realize energy independence through solar panel power
- Gain control over your energy costs
- Invest in your property’s energy resources
- Own your property’s power source
- Break free from non-competitive utility electric bills
- End unprofitable electric rentals from utility companies
Regardless of your solar panel installation investment size, you will receive savings on your local utility bill that will grow over time. When utility rates increase – your sunshine energy remains free constantly. A home improvement investment in solar energy pays enormous dividends, rising yearly.
Installing solar panels can add value to your home
Installing a solar panel system in your home will increase the value of your home. When you put your house on the market, it will sell for up to 17% more than comparable properties in the area. Make solar panel installation a part of your home improvement plans for 2021 to increase your home’s future value.
The higher asking price for a home with a solar panel system average $20,000 increase in market value to a $500,000 home with the solar panel system:
- Potential of receiving 100 per cent of solar panel investment upon the sale of a home
To generate electricity for powering homes, solar energy is the best choice,
- Hot Water
- Cooling system
According to the National Renewable Energy Laboratory, every $1 saved by a solar energy system adds $20 to the market value of your home.
Determining factors include
- Your home’s location
- Size of solar panel installation
- The existing market value of your home
For each 1 kW of solar panels installed, the average increase in a home’s resale value is $5,911.
Surprisingly, installing solar panels will speed up the sale of your home by 20%.
Protect Environment Via Renewable Energy
Solar Energy is the cheapest and cherished source of renewable energy that has become very popular. It is perfect for the environment as it decreases the use of fossil fuels, which are the primary source of pollution in the atmosphere. It also aids in the reduction of carbon footprints, leading to positive climate change and decreased global warming.
Create Jobs and Help Economy
Solar energy leads to the establishment of jobs in Australia. People are required to set up and run the business. Increased reliance on solar will result in more jobs being available to the public. The creation of new job opportunities will assist the economy’s progress.
Relaxation For The Grid
Solar energy systems help national electricity management in two ways that can lead to the whole nation’s progress.
These two ways are
When more people are using solar power systems, they will need less electricity from the grid. Thus, it will be light on the grid.
The excess electricity supplied to the grid via net metering worldwide is used to supplement other users’ electricity supply.
Go Solar and Reap Environmental Benefits
There are enormous environmental and self-satisfaction benefits of going solar.
- Reduction in greenhouse gas emissions
- Decreased dependence on dwindling fossil fuels
- Energy production from a cleaner and more sustainable energy source
- Increasing job rates in green technology of your country.
- Stimulation within energy sectors for the economy of Australia.
- Cleaner air, water, and soil
- Greater energy security
- Stronger economic growth
Solar panels work efficiently and also need low and minimum maintenance.
Once your solar panels are installed on your roof, you can sit back and enjoy the free energy and money savings. You don’t need to turn them on or off or monitor them. They don’t need servicing or professional maintenance as an occasional clean is enough to keep them in good working condition.Read More
Solar Power System
It’s simple to list the significant advantages of solar power systems for business, but quantifying the value of each can be more difficult. The effect on property value is a good example. It’s probably true that a commercial building with high-quality solar panels is more valuable than one that runs on fossil fuels.
Increase Your Property Value with Solar Investment:
This is true that adding solar power systems or other alternative energy features to your residential or commercial property increases its value. Compared to many other renovations or additions property owners undertake, solar energy investment significantly raises property value and lifetime efficiency. It’s a long-term and short-term investment that pays off for owners, sellers, and buyers.
According to the “National Renewable Energy Laboratory,” every $1 saved by a solar energy system adds $20 to the market value of your home when you plan to sell.
How Solar Installations Increase Property Value:
Any improvement that lowers utility bills increases a property’s value because the owners or tenants will benefit financially from energy efficiency and independence.
The New York Times reported, by the Department of Energy, which found that buyers were willing and agreed to pay a huge amount of $15,000 for a home that contains an average-size solar photovoltaic system of (3.6 kilowatts, or 3,600 watts), compared with a similar home without one. To put it another way, that’s about four dollars the most per watt of the solar power system.
However, solar power system adoption’s overall effect is clear that property owners who invest in solar technology make a significant, positive impact on their property’s value. As utility rates continue to rise, this benefit grows, and monthly savings increase, often paying for the investment’s initial cost several times over.
When it comes time to sell, property owners who invest in solar technology can expect their home or commercial building to fetch a higher price (compared to comparable properties). This increase in property value may more than cover the initial investment, resulting in a potential return of 200 percent or more for solar system owners.
Property Buyers Benefit:
The increase in property value that results from solar investment benefits buyers and those who own or sell the property. Many incentives encourage buyers to pay a higher price for the property with solar features. The seller’s incentives are passed along to the buyer upon purchase.
These buyer incentives include the ability to save money on utility bills right away by cutting the cord from utility companies, trying to take advantage of solar installations without having to pay for the technology and installation upfront, and receiving a higher purchase price when they sell the property.
Buyers also benefit from lower energy costs as utility prices rise throughout their ownership.
Increase Your Property Value by Installing Solar Panels:
Property owners are adding value to their properties through Solar power system installations. Savvy investors can also take advantage of local clean energy incentives or financing programs to further increase the dividends of their property improvements.
Solar Design Studio’s expertise in commercial and residential solar installations allows us to tackle solar projects of any size. We know how to approach each project’s unique challenges from design to installation to reduce upfront costs and maximize our clients’ solar investment return.
How much potential property value is added?
Once you’ve determined commercial solar is indeed suitable for your organization, you may be wondering exactly how much property value will be added. This is where commercial property valuation challenges come into play. The general takeaway is apparent, adding a solar power system can increase a property’s selling price.
As one might expect, the most significant potential value-add occurs when the organization adopting a commercial solar power system owns the site and the solar equipment being installed. Buying commercial solar equipment outright allows owners to take advantage of any available tax incentives, lower energy costs, and the possibility of claiming green energy credits, as well as increase the value of their commercial property.
Many business owners rent rather than own their commercial properties, but they can also benefit from solar panel installations. The lessee is responsible for most of the property’s costs (insurance, property tax, and utilities) (or flow through to them in the form of higher rent). Installing commercial solar could lower the lessee’s energy costs while also allowing them to benefit from a positive public perception due to having solar on their property.
Increasing property value is not the best reason to add commercial solar power as there are likely more direct ways to achieve that goal. But when evaluating the advantages and disadvantages of commercial solar, it’s something that should be factored into the equation. Contact Energenic today and learn more about how you can increase your property value through solar investment!Read More
Install a solar rooftop to go green and also save energy. Solar panels are a cost-effective and environmentally friendly way to power your home, but there are a few things to consider before making the switch. We have compiled the more essential factors to decide the best option for you to start harnessing the sun’s power and start saving on energy. Solar power technology has advanced significantly in recent years, with many of these advancements reducing the cost of the equipment.
Installing energy solar panels on your roof is a wonderful way to generate electricity for your home, business, and grid while reducing your impact on the environment.
We have summed up a few things that you should consider before installing energy solar panels on your home’s rooftop. That will help you decide whether solar power is the right option for your home or business.
Solar energy is more affordable now than ever before due to rapidly decreasing solar costs and the rising number of installations. It will be a one-time investment while installing energy solar panels. Solar energy has enormous potential for natural resources and climate protection and for expanding renewable energy sources on the path to a future-oriented energy supply.
When thinking about installing energy solar panels in your home, one of the first things you should think about is your roof. Does your roof need renovations first? Because your roof will need to be in good condition, it’s essential to finish your renovations ahead of time so that you can safely install your solar panels.
Is your House two stories/ multi-unit building or housing complex but want to add a solar panel system? Even if you don’t own your own home, it may be more beneficial to share solar as a community, as this will allow you to save money on your electric bills and be more environmentally aware.
Leasing and Buying:
You will have two options for installing energy solar panels on the rooftop, but it depends on your finances. You can either buy your system upfront, pay more significant dividends, or lease the solar system, which gives you cheaper electricity with little to no money upfront.
When you buy and own the system, you will keep saving long after paying off the initial purchase cost and recouping your costs with current incentives and rebates. If you lease, the company remains the solar system owners, and you pay them an electricity rate.
There are plenty of affordable options for you; you need to determine which would be a better route for your financial situation and benefit you.
Do everything possible to improve a save energy because it depends on the amount of energy you need to produce every day will depend on how much it is being consumed, by installing energy solar panels. Install panels with High Concentrated Photovoltaic (CPV) Cells avoid installing energy solar panels in shaded or dark areas where sunlight is absent. Install your solar panels from an expert and make sure to clean them after somedays.
All energy is derived from the sun, and harvesting it directly through solar power appears to be the most effective way to transition to renewable energy. Start with an energy audit, in which you analyze and estimate all of your consumption patterns, usage, and requirements. This will help you determine energy savings and estimate how many solar panels you will require.
Grid or Off-grid:
You can connect your solar array to the grid or use an off-grid system that stores energy in batteries when you install it. The majority of houses have a solar system that is connected to the grid.
You can connect your solar array to the grid or use an off-grid system that stores energy in batteries when you install it. In many households, the solar system is connected to the grid. In this type of system, you receive Net Metering, which is an incentive that gives you credit on your bill from the excess power your solar panels produced.
If you use an off-grid system, it won’t be connected to your utility bill or city electricity. You might need extensive storage capacity to save energy for later use.
At the time of selling your House:
What if you are not considering living in a house for the next 20 years? The good news, if you don’t plan on owning your House for that long, solar still makes sense. Having a solar roof will not only expedite the selling process but will also increase the selling price.
When comparing a home with an average-sized solar photovoltaic system (3.6 kilowatts) to a similar home without one, researchers found that buyers were willing to pay a premium of $15,000 for a home with one the idea of owning a home with a solar roof has caught the interest of many buyers.
Finding An Installer:
Finding an expert installer is a hard job after finding the best solar panels for your home. You want to hire some experts for installing energy solar panels. But make sure to search the market before hiring any company or expert. Search for the reviews and recommendations/ references.
Find an expert installer and electrician, or call the solar company to provide you with an expert. Look for a company dedicated to assisting customers in achieving their goals and setting up long-lasting systems.
When you have to find the best solar system for your home, school, office, or company, don’t wait; just call an expert for installing energy solar panels at your home. When looking over your contract, it’s important to ensure you look over it thoroughly to ensure it provides all of the right details.
You’ll want to double-check that it contains information about your financing, ownership, performance expectations, and any applicable warranty period. Some companies also include inverter warranty, installation, and solar panel warranty. When it comes to spending money on something that will last a long time and save you a lot of money in the long run, these details are important, to know.
What is the weight limit that your roof can support?
Installing energy solar panels will add to the weight of your roof’s structure. There’s a chance your roof will collapse if the weight of these solar panels is too much for it to handle. It is important to have a professional evaluate your roof to determine if additional support is required to complete the installation to avoid the consequences.
When it rains, water will run down from the roof. Some equipment can stop the water flow like racking and wire harnesses during installing solar panels. Solar equipment can sometimes cause water to flow in the wrong direction, causing leaks and other issues. To avoid these problems, make sure your contractor is aware of your home issues. They’ll show you a plan that proves the installation of solar panels will not affect water flow.
Benefits of a Solar Rooftop:
“The use of solar energy has not been opened up because the oil industry does not own the sun.”
Installing energy solar panels on the rooftop has a ton of advantages:
- Cost savings
- Secure investment
- Increase access to energy
- Tax Credits
- Environmentally friendly
- Low Maintenance
- No additional space required for installation
The solar project’s entire goal is to do something valuable by replacing dirty energy with clean energy.
Installing energy solar panels on the rooftop could be one of the best choices you ever make. You’ll save money, reduce your carbon footprint, and increase the value of your home.
After doing some research, Now that you’ve done some research, its time to start installing energy solar panels in your home while helping the Earth and putting more money back into your pocket!Read More