If you’re reading this, I assume that you’re either passionate about solar or have at least considered buying a PV system. You might be wondering, though, how to model and optimize your solar energy investments; that is, how to choose a solar energy system that makes sense for your budget and personal preferences. Let’s take a quick look at how to approach this question and several common myths surrounding solar energy that a prospective buyer might want to consider knocking on wood about.
How Much Should You Budget For?
This question comes up a lot, and for good reason. After all, prices do go down, and if you act fast, you can get great deals. But how much should you really be planning to spend on a PV system? It’s a key question, and the answer will likely depend on your own personal situation. For example, if you’re buying the system for your own use, you might want to spend as much as you can. After all, at the end of the day, it’s you and the system. On the other hand, if you’re looking into buying a system for a business, you might want to consider a more conservative budget. In this case, you could get by with a less fancy system that still offers great value. It’s a common misconception that cheaper is always better when it comes to solar power. Sometimes, you get what you pay for.
Which Type Of PV System Should You Buy?
There are two main types of PV systems: monocrystalline and polycrystalline. The first is more expensive but much more efficient. It’s also generally considered to be better quality. While there are exceptions to this rule, it’s generally true. The second type is less expensive but less efficient. But as we’ve discussed, efficiency isn’t everything when it comes to choosing a solar system. What’s more, some people claim that multi-crystalline panels aren’t made equal. That is, they state that the quality is generally considered to be on par with that of single-crystalline panels but that the efficiency can vary.
Is It Worth It To Buy A Grid-Tied System?
This question also comes up a lot, and it’s another of those questions that can have multiple answers. Is a grid-tied system worth it? That is, will you get your money back by saving on your electric bills? It depends on your situation. For example, if you’re looking to generate your own electricity, you might want to consider a system that incorporates batteries so that you can sell excess energy to the grid when it’s plentiful and store it for when it’s not. Or if you’re looking for a cheap source of electricity, then a grid-tied system might not be for you. In this case, you could opt to go with a more expensive but less efficient system that doesn’t incorporate a battery.
Is It Worth It To Buy A Battery-backed System?
There are also a variety of battery-backed solar systems available, and many people seem to think that they’re the best bet for those wanting to save money on their energy bills. That is, if you have a large battery that can store a lot of energy, you can generate electricity even when the Sun isn’t shining or if you don’t need all of that electricity at once. In this case, you might want to opt for a more expensive but high-quality system that incorporates a battery.
To wrap up, let’s look at some additional points that could be helpful when deciding which solar energy system to buy.
Size Of The PV System
The first and most obvious point that you need to make is the size of the PV system. This will largely depend on your own personal situation and how much space you have for the system. If you have a large garden, you might want to go bigger. Or if you live in a small space and don’t want to clutter the floor with equipment, then opt for a smaller system. It depends on your own personal situation.
Location Of The PV System
Location is another important consideration, and many people seem to think that installing a system in a remote area makes no sense at all. You might end up wasting a lot of money on costly repairs or have excess noise pollution. These are all important things to consider and should not be disregarded. After all, you’ll be living close to the site for the rest of your life.
Personal Use Or Business Use
This question comes up all the time and has to do with whether you’re using the system for personal use or for business. Many people seem to think that if you’re using the system for business, then it doesn’t make sense to go cheaper. That is, if you want to save money, you should go for a more expensive system but one that is more suited for business use. This could make sense if you’re planning on using the electricity regularly for business-related activities, such as heating or cooling an office space or powering a factory.
On the other hand, if you’re looking into buying a system for personal use, then you should opt for a less expensive but still high-quality system. In this case, you could get by with just a small system if you’re planning on using it for leisure activities only. It’s all about what you need and what you want. You might also want to consider whether you want a grid-tied or battery-backed system, as well as the size of the system you want. In some situations, you might want a small system that can be connected to a battery in case you run out of power during the day. In other situations, you might want a bigger system that can supply all of your electricity needs without being connected to the grid. It all depends on what’s best for your situation.