Impact of Dual-Axis Trackers on ROI
Dual-axis solar trackers significantly enhance energy production, which can positively affect their Return on Investment (ROI). Here’s how:
Increased Energy Production
- Performance Increase: Dual-axis trackers can boost energy production by up to 40%, and in some cases, as much as 75% compared to fixed solar panels. This increase in output enhances the system’s overall efficiency.
- Optimized Component Use: By continuously adjusting to track sunlight, every component of the system operates at its maximum potential throughout the day. This means that inverters, wiring, and other components are fully utilized, optimizing system cost per kilowatt-hour (kWh).
ROI Considerations
- Initial Cost: While dual-axis trackers offer increased efficiency, they are more expensive to purchase and install compared to fixed or single-axis systems. This higher initial cost can impact the payback period.
- Long-term Savings: The increased energy output means that dual-axis trackers can generate more electricity and potentially offset the higher upfront costs over time. This can lead to substantial savings for users who rely heavily on solar power.
- Land Use Efficiency: They can produce the same amount of energy as larger fixed systems, requiring less land area. This is particularly beneficial for smaller sites or where space is limited.
Investment Value
- Tremendous Value: The efficiency and potential long-term savings make dual-axis trackers an attractive option for large estates or commercial applications where maximum energy output is crucial.
- Cost per kWh: By maximizing energy production throughout the day, dual-axis trackers can offer the lowest cost per kWh, enhancing their ROI over time.
In summary, the increased energy production of dual-axis trackers can significantly improve their ROI by offering substantial long-term savings and optimizing system performance. However, the higher initial investment and maintenance requirements must be considered when evaluating their financial viability.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-does-the-energy-production-of-dual-axis-trackers-impact-their-roi/
