Cost of an 8kW solar array
A solar power system with eight kW of power capacity is ideal for large households or small businesses that require a high amount of electricity. This system includes 21 to 28 solar panels and can produce enough power to power a number of large electrical appliances. This system is extremely efficient, and it has a very long life span.
A 8kW system can reduce your power bills by up to $3500 per year. However, this amount depends on your power use and the quality of your solar panels. Generally, a solar system with this size can save up to 40 kWh per day. A system of this quality will cost you around $17,000. It will pay for itself within five years.
An 8kW system may save you up to $56,521 each year, depending on how you use power. The amount you save will depend on how your panels are made, how they are oriented, as well your home’s overall energy consumption. A typical eight-kW solar system can produce 8500 kWh of electricity per year.
Size of an 8kw solar system
An 8kw-sized solar system is ideal for large homes and businesses with large electricity bills. A large 8kW system can contain 21 to 28 of the solar panels. This allows for sufficient electricity to supply a large home. The system will generate consistent energy regardless of weather conditions.
Its average cost is around $27,000 without incentives. After the federal rebate, a solar system will cost between $17,000 and $20,000 on average. The price of a solar panel system will rise with the increasing size. However, the price of solar panels has been rising and the federal rebate starting to shrink. It's crucial that you select the right size of solar system. A solar system rated at 8kw will give you a net zero electricity bill if your goal is to transform your home into a zero-emissions environment.
The location is a major factor in determining the solar PV system's output. Midday and early afternoon are the best hours to get solar power in most places.
Optional battery storage with an 8kw Solar System
The best way to save money while increasing your home's resilience is by using battery storage. You can choose between AC-coupled or DC-coupled batteries if you have an 8kw system. The inverter is part of AC-coupled lithium batteries. These batteries contain cobalt. If misused, they will be less recyclable and more likely catch fire. Generac offers four different systems: M3, M4, and M5. The PWRcell 3M3 has three modules with a capacity of 9-kWh each. It is capable of producing a continuous power output of 3.4kW.
Although battery prices are declining, they still represent a substantial investment. If you have no savings, it is best to save money for the purchase of the battery. But, if that doesn't happen, you might consider getting a loan. You will have to pay interest.