When it comes to residential solar panel systems, most people focus on the cost of the solar panels themselves. After all, those panels produce the energy in a solar system that is fed back into your home and ultimately reduces your monthly energy bills. Indeed, solar panels are usually the single most expensive part of a residential solar system. But other components and installation costs can dramatically impact the total cost of installing a home solar system. For example, inverters (or “inverting devices”) are another essential piece of any residential solar power setup. It won’t directly affect how much money you save on your monthly energy bill. Still, it will impact how you get that energy – converting DC current from your solar panels into standard household AC current, or “alternating current.”
What does a solar inverter do?
Three types of inverters: String inverters, power optimizers, and microinverters.
An inverter is a device that converts the DC current from your solar panels into an AC current that you can use in your home. The solar panels on your roof are connected to your solar inverter through a large cable. This carries electricity from the panel to the inverter, where the incoming electricity is converted from DC to AC. This way, the electricity from your solar panels can be used in your home just like electricity from your regular power company. In a nutshell, an inverter is a device that receives solar electricity from rooftop solar panels and transforms it into standard household electricity that can be used inside your home.
How much do solar inverters cost?
How much do solar inverters cost? Before you buy any solar panels for your home, it’s essential to look at the total system cost. Solar inverters typically range in price from $150 to $2,000. But when installing a residential solar power system, you’re not just buying the solar panels. In fact, if you buy your panels and inverters together as a single solar system package, the total cost of a solar system can be significantly reduced. Most solar panels come with an inverter included in the total system price. Some offer “premium” inverters that cost a bit more but use less energy to operate and last longer, increasing the overall system efficiency. Inverters are an essential part of the system. They can cost as much as the panels, so consider the total price when comparing different solar systems. On Amazon, one Enphase iQ8 Microinverter costs $189.
Why are solar inverters so expensive?
The price of solar inverters is primarily a result of the materials and manufacturing process used to make them – namely, silicon and copper. These are both very valuable commodities and comprise the bulk of the cost of most solar inverters. Like other solar panels, inverters are made from silicon, a costly material. In fact, it’s by far the most expensive component of an entire solar power system. Remember that silicon is also used in many other products besides solar panels. It’s a crucial component of electronics like computers, smartphones, and other solar systems like rooftop solar hot water heaters. In fact, silicon is so important and expensive to produce than the entire solar power industry is looking for ways to get around using it entirely. So far, viable alternatives haven’t been found or implemented on a large scale.
Understanding your investment
As with any other product, the more expensive and higher quality inverter you buy, the longer it should last and the more efficient it will be. Inverters that cost more may also use less energy to operate, which can help reduce your energy bill and the overall cost of your solar system. Suppose you’re able to install a higher-quality inverter that uses less energy. In that case, you’ll see an increase in the total lifetime production of your solar system, so while it will cost more upfront, it may save you more in the long run. If you’re trying to decide between two different inverters and one is more expensive but will last longer and use less energy, go with that one. Over the lifetime of the system, it will likely end up paying for itself.
How do you get the best solar quotes?
When evaluating the cost of a solar inverter, it’s essential to take the total system cost into consideration, as well as the lifetime cost. Inverters are an integral component of solar panels and a solar system as a whole, but they’re also one of the most expensive parts of any solar setup. It’s important to note that the cost of solar panels varies depending on many factors – most notably, where you live. When installing solar panels on your roof, the old adage “you get what you pay for” is particularly true regarding inverters. They’re one of the most integral components of a solar system. While they may not be the most glamorous, they are essential to producing electricity from solar panels.
Where to get the best quotes?
DroneQuote is the partner for your solar system quotes, including how many solar inverters cost. It’s a simple, web-based platform connecting homeowners with solar installers without hidden costs or fees. Choosing a solar company is one of your most significant decisions when purchasing your solar system. This can be especially difficult if you’re new to solar energy. Having reliable, transparent information about your options and costs will help you make an informed decision.
DroneQuote helps homeowners project estimates on solar systems through the use of drone technology. It also finds local solar companies that are licensed, insured, and experienced in installing residential solar systems. DroneQuote helps you understand solar details and removes barriers or complexities to choosing the best system for you. Customers can get multiple quotes from solar companies through its website and help them decide on the perfect solar partner for their home. Get your quotes today!