Is Selling Power From Solar Panels Profitable

While it would be ideal if selling energy to your own utility company was possible that currently isn t an option available here in california.

Is selling power from solar panels profitable. The estimation is not straightforward. The most profitable part of solar power isn t panels or batteries solar panels produce direct current electricity that needs to be converted to alternating current so it can be carried into homes. By way of example if a property s solar panels generate 2 000kwh of electricity in a year and the owner has a fit contract paying a fixed rate of 20p kwh for the generation tariff they will. Even though a particular company may pay sales commissions for solar power system sales on the basis of cents per watt or dollars per kilowatt kw of nameplate system size the amount of commission is generally based upon the following structure.

The future of solar energy production and businesses in india seems very bright as there are already many projects which are being implemented or in the pipeline. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Indeed many points are established but who knows for example how the electricity price of the energy provider will develop. How are you financing your solar panel system.

If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. However there have been reports of home producers making around 3 000 per year from a combination of government incentives and renewable energy credit sales. While solar leases and power purchase. People can also profit from solar energy by having.

An investment is usually considered as profitable when over the 20 years via the solar panel system more revenues can be obtained than the resulting costs. 5 base commission 2 time based volume bonus i e so many sales within a month or a quarter. The rural areas in these states can be used to produce the huge amount of solar energy which can not only light up those areas but remaining parts of the country as well.