The state California (37.0000° N 120.0000° W) is located on the western side of United States of America. This state receives the good amount of the solar radiations averaging 5.73 KWHr/m²/day, making it a favorable place for generating electricity from solar power.
I will discuss the financial feasibility of solar by calculating the break-even cost of the 5KW (without battery) residential solar power system in the state.
Let us look at the solar radiations falling in this region throughout the year:
Few things about the state
If you notice the table above, the actual cost of the 5 KW solar in California is around $ 17,500 without any tax credits or incentives. This cost is well below the breakeven cost of $ 22,365 as calculated by me on the basis of the financial parameters given. The actual return offered by the system will be 5% per year as compared to the breakeven return of 2.2%.
I can very easily say that the residential solar power system in the state California is FEASIBLE.
Determine the size of wire of the solar power system
How to size the panels of your solar power system?
How to design the solar PV system by yourself ?
How to size the battery for your solar power system?
How to measure the efficiency of your solar roof?
How to know the profitability of your solar system?
What is the cost of solar roof in India ?
How much money is your solar roof top saving in different months of the year?