Solar inverter Price – Are you considering going solar or upgrading an existing system? The inverter is the device that converts solar power into usable electricity for your home. It’s frequently the most complicated component of a home’s solar system, and it’s also the first to go down. It’s difficult to pin down the cost of a solar inverter to a single figure because each installation is unique. The cost of a solar inverter is determined by the entire system design, and the size can be adjusted up or down based on the energy consumption of your home.
Solar Inverter Costs
The good news is that solar installers can install large orders for inverters, solar panels, and all other associated plumbing due to their measurement. This enables them to obtain the best available pricing, which is usually substantially lower than what you or I could discover on the internet or in stores.
What’s the Average Cost?
Inverters typically cost between $1000 and $1500 for a normal installation. However, when the installation grows in size, the cost might soon rise. The National Renewable Energy Lab conducts a cost benchmark of the solar business every year, including typical installation prices, inverter and panel costs, and a variety of other subjects. They discovered that solar inverters cost roughly $0.18 per watt on average (the most recent report available), with prices ranging from $0.27 to $0.09.
Inverters typically account for around 6% of total installation expenses, with an average cost of $0.18 per watt and an average installation cost of $2.93 per watt. This means that a typical 5.6-kilowatt installation will set you back $16,408, with the inverter accounting for around $1,000. Your inverter would cost around $1,500 if it was on the higher end – say $0.27 per watt (around 9% of total cost).
If your inverter accounts for more than 8% to 9% of your total installation cost, speak with your installer to figure out what’s going on. They may have streamlined their sales or installation process, so instead of the inverter being too expensive, it’s the other way around, and their other installation costs (labor, panels, etc.) are just lower. In this situation, the increased percentage of overall expenditure attributed to the inverter is good news for you (assuming they continue to install high-quality equipment).
Benefits of a Solar Inverter
While your solar PV inverter can convert the sun’s rays into a useful current, that’s not all it can do. A solar panel inverter can assist you to maximize your energy production, monitoring the output of your system, communicating with the utility grid, and detecting concerns that could differently harm your solar power system.
- Maximizing Energy Production
- Monitoring System Output
- Communicating With the Utility Grid
- Fault Detection
How A Solar Inverter Works
Solar panels create Direct Current (DC) electricity, but your home is wired for Alternating Current (AC), therefore you’ve got a problem: your home needs some assistance to harness the sun’s energy. This is when a solar converter comes in handy.
What exactly is an inverter? The basic function of a solar panel inverter is to convert DC electricity from solar panels into usable AC electricity for your home. As a result, the solar inverter can also be thought of as a solar converter.
Because most apparatuses run on AC power, your solar power system must initially change the DC energy into valuable electricity before it can be utilized to power those devices. Your inverter, which allows your solar power system to provide energy to your electronic gadgets, is the brain behind this conversion.
How Long Does A Solar Inverter Last?
String inverters normally have a lifespan of 10 to 15 years, but if installed in a cool, well-ventilated environment and carefully maintained, they can live up to two decades.
Because microinverters and power optimizers are newer to the industry, there is little information about their predicted lifespan. However, most manufacturers are sure that their devices would survive the guarantees, which range from 20 to 25 years.
Inverters, with a lifespan of 12 to 15 years, are not as long-lasting as solar panels, which can last up to 30 years. Your inverter will almost certainly need to be replaced at some point. If you have a lease or a Power Purchase Agreement (PPA), simply call your solar contractor and they will come out and replace the inverter at no cost to you (since they are legally owners of the system). You’ll be responsible for replacing the faulty inverter if you paid cash or financed it with a loan. This is where the value of a warranty’s term length comes into play.
Where should a solar inverter be installed?
- Inverters such as string, hybrid, and the battery should be positioned on a shady wall, usually near the main switchboard. Although inverters are supposed to be located outside and are normally waterproof, they do not like to be exposed to extreme heat because it reduces their performance and lifespan.
- If you can’t install your inverter in a shaded area, the installer should recommend covering it with an awning. Awnings with specific functions are offered. Weatherproof housing may be required in specific instances.
- Also, think about safety. If they’re in a convenient location, string inverters can be an enticing target for smart burglars. Theft is uncommon, but not unheard of. It’s ideal to install behind a fence or in a restricted area.
What Inverter Is Right for My Home?
If you’re seeking to invest in a solar power system for your house and aren’t sure which inverter option is best for you, our TDG SOLAR is a great place to start.
You’ll get an estimate of how much money you’ll save if you go solar at home, and it’ll take into account typical installation needs in your area, such as the type of inverter that’s usually advised.
You’ll also be linked with a solar professional who will walk you through the various solar options available to you, including inverter alternatives, and help you choose the best one for your family’s needs.