Not all solar panels are created equal. With the numerous options available in the market, you want to make sure your investment delivers the right balance of economy, efficiency and effectiveness.
Comparing multiple solar quotes before making a purchase decision can go a long way in enabling you to get the best deal for your home. The process can help you save money and choose the right panel for your needs. To make an informed decision, you need to know the important metrics to look at.
Factors To Consider When Comparing Solar Panel Quotes
Comparing solar quotes is an important step before investing in panels. Be sure to compare at least three quotes before committing to one. Below are a few factors to consider when looking at solar panel quotes.
System Size
Solar panels come in different sizes and cannot be compared equally. System size plays an important role in determining the overall cost efficiency and energy output of a solar installation. Generally, solar panel systems are sized in kilowatts (kW), which is the amount of energy the panels generate under full sun and perfect conditions. To maximize the benefits of solar energy, evaluate your energy requirements and compare several potential system sizes.
Cost Per Watt
The cost per watt is simply how much you will pay for every watt of electricity generated using the panels. This important metric can help you compare solar quotes, particularly when systems are of different sizes. As of 2024, the average cost of a solar panel system in Nevada, including installation, is $3.04 per watt. A solar system with a lower cost per watt is likely to deliver better value over time.
Estimated Energy Production
Take time to look at estimates of the amount of power different solar panels will generate. Oftentimes, this will depend on factors such as the system size, annual weather conditions, the tilt angle of your roof, the direction your roof faces and shades that fall on the roof. A good vendor should be able to explain any significant variations in production estimates.
Equipment
There are different brands and models of solar panels. These panels offer varying aesthetics, efficiencies and lifespans. When comparing quotes, look at the solar panel brands and the quality of solar equipment the different panels come with. This will help you to determine if the panel you choose is worth the price.
Panel Degradation Rate
All solar panels gradually degrade over time. However, some panels lose the ability to generate power faster than others. The degradation rate impacts the return on investment of the solar system, making it an important factor to keep in mind when comparing quotes. To get the most out of your investment, choose a panel with a lower degradation rate.
Warranties
The average lifespan of solar panels is estimated to be 25 to 30 years. When going over your solar quotes, you want to be sure that the panels you buy will keep working and that you will be covered in case they fail. Make sure you look for a reasonable warranty for equipment as well as the labor you will need if the system develops problems.
Financing Options
Solar is a large upfront investment. If you do not have enough money to buy the solar panels in cash, you will want to see if there is a financing option available that fits your needs. When comparing your options, look at the fine print to ensure you understand the terms they offer.
Get the Best Solar Quote With Solar Optimum
Thinking of switching to solar energy but aren’t confident about how to compare solar quotes? Here at Solar Optimum, we have the expertise and experience needed to help you make smart decisions. Contact us to learn about the advantages of going solar in Nevada or download Solar Optimum’s Ultimate Guide to Going Solar.
