Standard Photovoltaic Cost
The standard photovoltaic cost in the retail market in the UK are as follows:
- power up to 2kw = photovoltaic cost of 3.292 pounds per kw
- power up to 4 kw = photovoltaic cost of 2.542 pounds per kw
- power up to 10kw = photovoltaic cost of 2.260 pounds per kw
- power up to 50kw = photovoltaic cost of 1.846 pounds per kw
- power up to 75 kw = solar pv cost 1.400 pounds per kw
- power up to 200kw = solar pv cost 1.300 pounds per kw
- power up to 1.000kw = solar pv cost 1.200 pounds per kw
There are a few price or costs variables in the photovoltaic cost, and the costs are based upon other secondary factors.
Reductions on Photovoltaic cost
Photovoltaic systems cost have reduced considerably from 2011, with costs ranging between 10-20 per cent for domestic consumers and costs between 40-50 per cent for installations above 50kw. Future photovoltaic cost is also likely to come down, as inverter costs fall, and the number of vendors is streamlined due to some of them leaving this field following fairly low margins. The more electricity a photovoltaic system generates, the greater will be the photovoltaic cost, but the savings on costs will also be correspondingly higher.
Buy or Finance Solar PV Cost
Outright purchase will naturally decrease the photovoltaic cost and it will also benefit the user from feed-in-tariffs and electricity costs saved. Financing a photovoltaic system is also an option which can be considered, since it will fund the investment through collaboration with a bank. Solar PV cost financing is becoming very popular now.
Benefits of Photovoltaics
Photovoltaic panels are a clean source of self-generated electricity and any excess that is generated can be sold back into the national grid, thus saving energy and lowering costs. The solar PV cost relating to maintenance is also very low, and the short-term photovoltaic cost can be offset by the long-term energy and savings benefits.
The annual photovoltaic systems cost is also negligible, since only the inverters need to be replaced after 10 years. A 3kW photovoltaic system can generate about 2500 kilowatts of electricity annually, of which only three quarters is likely to be used by a family that therefore has a considerable impact on photovoltaic systems share. The rest can be sent back to annual grid, thus helping to decrease the burden of the initial Solar PV cost. Solar PV cost varies as per the usage and people who know how to optimise their usage would see considerable savings in the final solar PV cost.