Average Price To Install Solar Panels
Average Price To Install Solar Panels – Did you know that the cost of solar panels in Singapore is really reasonable? Solar panel installation prices have dropped a whopping 89% in the last 10 years!
This means that solar panel prices can vary depending on the roof, the type of solar panels, and more. Choose from a traditional upfront purchase or $0 down payment discounts that can only be found in Singapore and will impact the cost of your solar installation.
Average Price To Install Solar Panels
In this article, we’ll look at the factors that affect solar panel prices, some general estimates of solar panel prices, and other factors that can affect the total cost of your system, such as maintenance and roof waterproofing.
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Want to estimate how much your solar panel system will cost? You can get a quick solar estimate here with our free online solar estimate tool!
The first factor that affects the cost of installing solar panels is the size of your system. The size of your solar panel system is limited by the mounting space on your roof, and while a larger system will generally cost more, the cost per kilowatt (kW) of peak energy will be lower and more cost-effective.
The size of your solar panel system also depends on the amount of electricity you need to generate to meet your home’s needs. To get an accurate measure of this, we recommend getting an estimate of your average electricity usage based on your electricity bills for at least the last 3 months.
Bonus Tip: Did you know you can sell excess electricity back to the grid in Singapore? Even if you are not fully utilizing the solar electricity generated during the day, increasing your roof area by installing more solar panels is still a good choice. This is because they can sell any excess clean energy back into the grid, covering the cost of the extra panels in the long run!
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Solar panels can be installed on all roofs. Therefore, there are certain types of roofs that require additional materials for installation – such as racks and fastening systems. In Singapore, roofs are usually tiled, metal or concrete.
The plates are often removed to install the mounting frame before returning to the original position. After that, the solar panels are fixed on the mounting frame. Sealed ceilings often require drilling to ensure the mounting frame is properly secured. Additionally, if there is no direct access to your roof, scaffolding may be required, adding additional costs totaling between $2,000 and $6,000.
There are two main types of metal roofs used in Singapore – standing seam metal roofs and trapezoidal metal roofs. Corrugated metal roofs are the best solar roofs because no drilling or penetration is required and the mounting clips can be easily attached to the roof joints. This simple installation process helps reduce costs and eliminate waterproofing problems. This also means that the solar panels can be easily removed from the roof.
Solar panels are also easy to install on concrete roofs. The solar panel racks are secured and aligned with concrete bolts on the roof, and likewise, no drilling or entry is required. Since concrete roofs are often flat, the racks are tilted to mount solar panels for “cleaning” when it rains.
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Note: A longer shingle installation process is often expected. Because installers have to be extra careful to make sure the solar panels are securely attached to the roof. Vertical installations often require additional labor, which leads to additional labor costs and increases the cost of a solar installation.
The type of solar panels you use determines the cost of installing solar panels. Two main factors determine the cost of solar panels – technology and brand. There are 3 main solar panel technologies: monocrystalline, polycrystalline, and thin film. Although they each have their advantages and disadvantages, monocrystalline solar panels are currently the most commonly used for residential rooftop solar systems because they save space and are very efficient.
Most solar installers in Singapore usually recommend panels from Tier 1 solar panel manufacturers. The rating system is put forward by Bloomberg New Energy Finance as a measure of producer reliability and consistency. The cost of Tier 1 solar panels varies depending on the location of manufacture, efficiency and warranty period. The most popular solar panel brands used by installers in Singapore are Jinko, Trina, JA Solar and REC.
Ultimately, what determines the cost of installing a solar panel is the pricing plans that come with it.
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While most solar panel companies in Singapore only offer upfront purchase models, they offer more options for customers to finance their solar systems for more than 5 years, as well as 10-year plans.
The main difference between the 10-year and 5-year plans mainly lies in the amount of upfront costs and the warranty period that comes with the additional service and maintenance. 5-year plans have a 50% upfront cost and a smaller performance guarantee, but are usually cheaper than 10-year plans, which have longer terms.
Deciding which is right for you ultimately depends on your priorities: whether you value the protection of support that comes with the duration of the plan, or whether you prefer a more economical purchase overall. For a more in-depth comparison of the 2, you can read more about buying to maintain here.
Here is an estimate of standard residential solar panel installation prices in Singapore. Remember that the cost of installation will vary depending on the type of roof.
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How much does it cost to install solar panels in Singapore? The price depends on the type of your house, the size and shape of the roof.
Terraced houses: A typical system size will be around 20 8kW solar panels. The installation area will be approximately 45 meters
. The cost of the solar panel system will be $18,000 and is sufficient for an average energy consumption of 890 kW per month.
Semi-detached houses: You can install about 30 solar panels or a 12 kW system, for an average monthly energy consumption of 1,182 kW. It costs S$24,000 for the entire system.
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Bungalow: A rooftop solar system for a bungalow typically has around 50 solar panels, which equates to a 20kW system and 110m of installation space.
. Due to the large number of panels and large installation area, the average cost of solar panels for a bungalow is around S$36,000.
To get a personalized estimate of how much it will cost, you can use our online estimator, which will give you an accurate estimate in minutes.
Typically, maintenance and cleaning of a solar panel system costs between $300 and $500 per visit in Singapore, where installers clean the solar panels and check the inverters and circuit breakers. As with air conditioners, we recommend that solar home owners perform an annual inspection of their solar system.
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Although solar installers offer a contract or package that covers maintenance fees for the first 1-2 years (commonly known as the Defect Liability Period or DLP), installers do not offer free lifetime maintenance for solar panels, as most solar PV systems operate for 25- 25 years old. 30 years.
This means that if your solar panels require replacement during the warranty period, even if the replacement panels are provided free of charge, you will still have to pay your installer for the labor costs associated with the replacement job.
In terms of warranties, most solar panels come with a 12-year product warranty and a 25-year power output warranty. Nowadays, solar inverters usually have a 5-year warranty. These warranties usually cover a 1-for-1 replacement of defective devices.
Note: We often recommend our customers purchase the 5-year extended warranty. Variable costs ($300 to $800 on average, but depending on the power of the inverter) can cost up to 30% more, but these are the parts of the system that often have problems.
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Almost all solar panel systems these days come with a free online monitoring platform or mobile app that you and your installer can use to monitor the performance and efficiency of your solar PV system. Regularly monitoring your system and addressing problems as soon as they occur can minimize long-term damage to your solar panels. This can reduce unnecessary large costs in the future.
Worried about additional maintenance costs and want hassle-free solar power? You can consider the option of self-rental solar with no upfront costs. Leasing is currently only offered through Leasing, which allows customers to own a solar system for a fee
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