About Cost Per Watt Calculator (Formula)
The Cost Per Watt Calculator is a tool used to determine the cost efficiency of a solar power system by calculating the cost per watt of installed capacity. It helps individuals and businesses assess the affordability and value of solar energy installations. The formula for calculating the cost per watt involves considering the total system cost and the total installed capacity.
Formula for calculating cost per watt:
Cost per Watt = Total System Cost / Total Installed Capacity
In this formula, “Total System Cost” represents the overall cost of the solar power system, including equipment, installation, and any associated expenses, and “Total Installed Capacity” represents the total capacity of the system measured in watts. Dividing the total system cost by the total installed capacity provides the cost per watt.
For example, let’s say a solar power system costs $10,000 and has a total installed capacity of 5,000 watts. The cost per watt would be calculated as follows:
Cost per Watt = $10,000 / 5,000 = $2
This means that the cost per watt of the solar power system is $2.
The Cost Per Watt Calculator simplifies the process of determining the cost efficiency of a solar power system, aiding in financial analysis and decision-making. By inputting the total system cost and the total installed capacity, the calculator quickly provides the cost per watt, allowing individuals and businesses to assess the affordability and return on investment of solar energy installations.