What to Know when Going Solar: Solar Panel Efficiency

When selecting solar panels for their homes, many customers focus on cost.  This makes perfect sense as it’s always good to control expenses – especially if you’re on a budget.

Strictly speaking though, solar isn’t a cost – it’s an investment.  In addition, if you want to maximize your financial returns, then you must focus on solar panel performance as well.  When you have the most efficient solar panels possible, you’re able to:

  • Generate more overall energy per square foot.
  • Spend less money on your monthly utility bills.
  • Enjoy long-term savings.

It may seem a bit counterintuitive, but spending a little more upfront actually makes your photovoltaic (PV) installation cheaper – much much cheaper.  This is because even a 1% difference in efficiency can have a tremendous impact over the lifespan of your solar power system.

What Are the Most Efficient Solar Panels for the Home?

The industry average for standard solar PV panels is about 14% to 15% – and this is what most payback periods are based on.

Here at Palmetto Solar, we use some of the most efficient PV panels on the market – those from the LG series.  These powerful solar modules deliver efficiency rates above 18%.  An extra 3% boost may not sound like a lot, but it definitley adds up when you run the numbers. These panels translate to thousands in extra money saved – and many tons of CO2 avoided over the next 25+ years.

Despite their higher performance, LG solar modules are incredibly affordable, with prices comparable to what you would expect from many inferior PV panels on the market.

Install a Photovoltaic System and Maximize Your Savings

Solar panel cost and efficiency are both important factors to take into consideration when transiting to solar energy. You may think that you have to pick one over the other, but when you go solar with Palmetto Solar, you don’t have to choose.  Our PV systems are both powerful and competitively priced, meaning you get the best of both worlds.

Want more information about solar panel efficiency, solar costs and solar savings? Give us a call and learn how Palmetto Solar can help you maximize your monthly savings by reducing your power bill! contact us today for a free consultation (855) 339-1831.

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