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If you’re interested in switching to solar power but not quite ready to ditch your electric company, a hybrid solar system might be right for you. A hybrid unit is one of the best solar system types for homeowners who want to decrease their dependency on the electric grid. However, before switching, it’s important to understand the cost of hybrid solar systems.
Below, our PES Solar team explains the typical costs of installing a hybrid system and how this source of renewable energy could benefit your property.
A hybrid solar system gets power from the sun during the day and runs off of battery backup power at night and during cloudy weather when the sun’s not shining. If both the solar system and battery backup stop working, homeowners can still get usable electricity from the grid. In addition, you can return any excess power produced by your system to the power grid in return for credits on your electric bill.
Nationally, the average cost of hybrid solar system installation runs from $20,000 to $40,000. However, it’s important to note that costs vary widely depending on the solar panel and battery you choose. For example, monocrystalline solar panels are the most expensive option, followed by polycrystalline and thin film.
Hybrid solar systems can use two types of batteries: lithium-ion and flooded lead-acid (FLA). FLA batteries are the cheapest at just $4,000 to $8,000 but have several downsides.
Homeowners can only safely drain an FLA battery to 50% of its capacity without damaging it. Plus, lead-acid batteries have an efficiency rating of only 85%.
Lithium-ion batteries are expensive at $10,000 to $15,000, but they boast an efficiency rating of 92%. Additionally, solar users can drain up to 80% of a lithium-ion battery without damaging it. Regardless of your choice, you’ll likely need to replace the solar battery every seven to ten years.
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Solar panels and backup batteries aren’t the only costs you have to consider – installation price is a major factor, too. Installing a hybrid solar system is a complex process and not something you should attempt to do by yourself unless you’re a professional in the field. Expect to pay $4,000 to $10,000 for installation labor, depending on the size of your home and the complexity of your hybrid solar system.
If you install a solar system in Florida, you can receive a federal rebate that reduces the cost of the system by up to 26%. Florida is also one of a few states that provide a 100% property tax exemption to homeowners who install solar panels.
If you’d like to learn more about the cost of hybrid solar system installation or the cost of solar panels, contact us at PES Solar at (800) 650-6519 today! We provide expert solar panel installation in Tampa, Orlando, and surrounding cities.
If you’re wondering whether a hybrid solar system is right for your needs, there are some strong selling points that are good to keep in mind.
Due to weather events, aging systems and other reasons for grid vulnerability, the fact is that most Americans experience power outages at least once a year—with many experts saying that experience will only become more common. That leaves many people susceptible to going without power for hours or longer, which is never fun and is often costly (due to spoiled food) or even dangerous for certain health conditions.
That’s why the most compelling reason to invest in a hybrid solar system is that it essentially guarantees that you can keep a continuous supply of power—even if the rest of the grid is down—by pulling from your own battery. This makes hybrid solar systems especially attractive to residents of areas that are prone to losing power, especially if those episodes are for longer periods of time.
A hybrid solar system allows you to get the most energy possible out of your solar panels. By routing the energy generated through a hybrid inverter and into your own battery before kicking back the excess to the grid, you can feel confident that you are utilizing clean, renewable energy as much as possible. In contrast, according to the U.S. Energy Information Administration, most of the United States’ electricity is generated from natural gas, nuclear energy and coal.
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