Cost per Watt Formula:
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Cost per watt is a metric used to compare the cost efficiency of different power systems, especially in solar energy installations, electrical systems, and other power-related investments. It represents how much you pay for each watt of power capacity.
The calculator uses the simple formula:
Where:
Explanation: This calculation gives you the cost efficiency of a power system, allowing for easy comparison between different options.
Details: Calculating cost per watt helps in budgeting, comparing different systems, and making informed purchasing decisions for power-related investments.
Tips: Enter the total cost of your system and its power capacity in watts. Both values must be positive numbers.
Q1: Why is cost per watt important for solar panels?
A: It allows comparison between different solar installations regardless of their size, helping identify the most cost-effective option.
Q2: What's a good cost per watt for solar systems?
A: As of 2023, residential solar systems typically range from $2.50 to $3.50 per watt before incentives.
Q3: Does this include installation costs?
A: Yes, total cost should include all components, labor, and installation expenses for accurate calculation.
Q4: How does scale affect cost per watt?
A: Larger systems often have lower cost per watt due to economies of scale in both equipment and installation.
Q5: Can I use this for non-solar applications?
A: Absolutely! This calculation works for any power system - generators, batteries, or complete electrical systems.