This 6kW solar panel system is the best way of saving on electricity bills. With energy costs increasing, houses are being pushed to pay for expensive electricity; the sun offers an alternative source. A standard 3–4 bedroom house will consume about 24kWh daily; therefore, if the solar system produces an equivalent amount of electricity, it will save a lot of money. On average, saving between 80–90% off one's electricity bill; therefore, on average, someone will save $2,010 a year.
Cost and Payback for 6kW Solar System Installation
A 6 kW solar system costs a pretty average amount of money-$6,190-in other words. With saving sums reaching well over $2,000 per annum, the payback takes barely any time, though most systems start to become fully amortised within just over three years.
Factors That Influence Savings
Tariffs on Solar Feed-In
High feed-in rates were a pretty big incentive, and they have declined in the last few years. Now that rates are 5 to 13 cents per kWh, feed-in tariffs still offer a bonus, over and above solar savings. However, the savings are maximized by promoting self-consumption of power from the sun would save more than selling the same back.
Utilization of Solar Power Daily
Adjusting the activities of the day may also enhance the effectiveness of the 6kW solar panel system. This tactic enables one to save even more by synchronizing energy usage with peak solar generation hours. Using energy-hungry appliances at the peak sun hours saves a lot of electricity drawn from the grid. These include washing machines, dryers, dishwashers, water heaters, and pool filters, some of the energy-guzzling appliances that should be utilized from 11 a.m. to 1 p.m. when solar power generation is at its highest.
How Solar Savings Add Up
An average of 7,000 kWh per annum for a common 5kW solar system. The same would save roughly $2,100 each year if taken at a simple average rate of $0.30 per kWh. Note that this example used the 5kW solar panel system. A 6kW solar system is bound to save you more money.
How Long It Takes to See Financial Returns
Its payback period will be between three and four years. Variable to this case include household utilization of electricity in the home, cost of the system, and if rebates are offered. The higher the mass of the system, the sooner it covers up its cost through generation and saving.
How to Achieve More Savings with a 6kW Solar System
Changes in the usage of electrical power can help optimize energy from the sun. An important aspect of it will be using most of the big appliances at peak levels of solar energy generation. Timers in the machine washers, dryers, and even in a water heater govern the intake of power when there will be maximum consumption due to the sun.
As a result, houses would draw from the grid only occasionally through solar energy. Therefore energy costs will further drop also, hence it extends along with financial benefits.
How long does a 6 kW solar system last?
A good quality solar system can last for 25 to 30 years. But most panels remain operational at 80-85% efficiency even after such a period. That leaves the owner free to use solar power with such freedom. When its efficiency starts to drop, its replacement will add some more savings.