In more and more homes, most people are willing to install solar energy systems. But you have wondered about the amount of money you can earn from the solar system. If you have 1 acre when it comes to solar panels, do you know any calculations on how much money these solar panels can earn? It does not matter if you do not know. The exact amount of money you can earn is also related to your area and the local electricity prices, in this article we will give you a specific calculation of how much money you can earn from your 1 acre solar panels and the factors that affect the economics of your solar system.
How much money can I make with 1 acres of solar panels?
Understanding the area and power of a solar panel:
for this kind of large area solar system, we choose the power of the solar panel is 300W to 550W, and the area of the solar panel is 1.6 square meters to 2.6 square meters for 300W to 550W. For the specific area and power of the solar panels, you can check the manual of the solar panels to determine.
Calculate the number of solar panels:
Once you know the specific area of the solar panels, you can provide the following formula to calculate the number of solar panels. Until then, for 1 acre of solar panels is equivalent to 4047 m² of solar panels.
Number of blocks of solar panels = total area of solar panels / area of one solar panel
If, for example, the power of your solar panels is 550W and the area of your single solar panel is 2.6 square meters, then the number of solar panels you have is 4047/2.6 ≈ 1557.
Know the daily peak sunshine hours in your area:
The peak sunshine hours in your area are essential when calculating how much money you can earn from solar panels. For this data, you can go directly to this website: https://globalsolaratlas.info/
This way you can calculate how much power your 1 acre solar panels can generate by using the following formula
Electricity generated by the solar system = power of the solar panels * local peak sunlight hours * number of solar panels
If the peak sunshine duration in your area is 4h, the electricity generated by your 1 acre solar panel is 0.55kwh*4h*1557=3425.4kwh.
Understanding local electricity prices: Electricity prices can vary greatly from region to region, but you can find out by visiting your local power company’s website or by calling your local power company directly. For some areas where electricity prices change frequently, you need to regularly observe the changes in electricity prices if you want to accurately calculate the amount of money you can earn from your solar panels.
Once you have understood all the above figures, you can calculate it by using the following formula.
The amount of money you can earn from solar panels = the power of the solar panels * the length of peak sunshine * the local electricity price * the number of solar panels.
For example, if the local electricity price is $0.1/kWh, then the money you can earn from 1 acre of solar panels is 0.55kwh*4h*0.1*1557=$342.54.
Summary: For 1 acre of solar panels, if you are using 550kwh, 2.6 square meters of solar panels, the number of your solar panels for 1557, and assuming that your local electricity price of $ 0.1 / kwh, every day are the peak hours of sunshine for 4h, your solar panels in a day you can earn $ 342.54!
What are the factors that affect the profitability of 1 acre solar panels?
Peak sunshine duration:
For solar energy system, the peak sunshine duration is the key factor that affects the profit of solar energy system, when the peak sunshine duration is longer, the solar panels can produce more electricity, naturally, the profit is higher.
Local Electricity Prices:
The amount of electricity prices in your area is related to local economic development, and local electricity prices have a direct impact on your profits. For example, the price of electricity in Germany is about 0.3 USD/kWh, and the price of electricity in the United States is about 0.1 USD/kWh. In this case, 1 acre of solar panels in Germany can earn 3 times as much as in the US.
Rental of land:
Some 1 acre solar panels may occupy land that you don’t own, which requires you to pay rent for the land. The amount of rent you have to pay for the land has a lot to do with your profit. Renting land in a big city can be expensive, so try to rent land away from the city to minimize your rental expenses.
Inverter Conversion Efficiency:
In a 1 acre solar system, an inverter is essential to convert the direct current into alternating current, and there will be a certain amount of loss in the process, which is the conversion efficiency of the solar inverter. When the conversion efficiency of the inverter is high, the loss of current will be less, and naturally, your profit won’t be reduced too much.
Loss of cables:
During the transportation of electricity, because the cables will have a certain resistance, it is inevitable that the current will be reduced. However, you can minimize the loss of current by minimizing the distance between the solar panels in order to increase your profit.
Conclusion:
For 1 acre of solar panels, you can make quite a bit of profit, but the exact amount of profit you can make can vary quite a bit, such as the price of electricity in your area, the length of peak sunlight, and a host of other factors. These are all factors you need to take into account when you want to make money by installing 1 acre solar panels.
