Solar inverters are not a “one size fits all” type of equipment in terms of pricing. It is difficult to determine the precise cost of an inverter because many solar firms include the expense of the inverter in the overall cost of a solar power system. This is because inverters are crucial to solar power systems.
Anyhow, you can encounter standalone inverters online; nonetheless, the price range can be between $1,500 and $20,000. They are pretty costly because there’s plenty of cost factors involved, including the following:
1. The location where you buy the equipment.
The price will likely change depending on where you buy the inverter because of the product’s availability, shipping cost, and taxes.
Primarily, since several solar firms incorporate the expense of the inverter in the overall expense of the solar power system, your buying options would be limited to third-party retailers.
2. The form of solar agreement you have chosen
Essentially, your solar agreement will govern how you pay for your solar system. Furthermore, it is founded on the agreement options in your region.
3. The size of your solar power system
Typically, the bigger the solar energy system you have, the better your inverter’s performance will need to be. Please remember that if you prefer equipment that could last for years, you should be careful about the cost without compromising quality.
4. Any exclusive features specific to your region
A few solar inverters are engineered with exclusive built-in features like smart functionality/settings, secure power supplies, revenue-grade meters, etc.