Cost per Watt Formula:
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The cost per watt is a standard metric used to compare solar system prices. It represents the total installed cost of a solar system divided by its size in watts. This metric helps homeowners evaluate and compare different solar proposals.
The calculator uses a simple formula:
Where:
Explanation: This calculation gives you the price you're paying for each watt of solar capacity, allowing for easy comparison between systems of different sizes.
Details: Cost per watt is crucial for:
Tips:
Q1: What's a good cost per watt for residential solar?
A: As of 2024, typical costs range from £1.50 to £2.50 per watt, depending on location and system complexity.
Q2: Does this include the solar tax credit?
A: No, cost per watt is calculated using the gross system cost before any incentives or rebates.
Q3: Why use watts instead of kilowatts?
A: Watts provide more precise comparison, especially for smaller systems. 1 kW = 1000W.
Q4: Does this account for system efficiency?
A: No, cost per watt is purely a financial metric. For efficiency comparisons, look at cost per kWh produced.
Q5: How does system size affect cost per watt?
A: Larger systems typically have lower cost per watt due to economies of scale in installation.