The Cost Of Solar Energy Application

Solar energy is free but the tools which will allow you to harness this free energy are not.

If you are planning to set up a solar energy system right at your home and would like to understand how much it would cost, you will find 3 things you have to think about:

First, the cost depends on how much energy your home demands. More energy you need indicates more solar panels and more cost of installation. The great thing is, the technology to harness the energy of the sun is relatively less expensive than it was several years ago.

Second, the government is providing a rebate to those who will change to alternative form of energy. That signifies, the federal government will shoulder a portion of the total cost of the system.

Third, you can get tax credits whenever you switch to solar energy system. The amount of taxes rebate is dependent from state to state however the range can go from $1000 to $2000.

All these have an effect on the overall cost of your set up.

A photovoltaic system can cost roughly at $8000 to $10000 for every 1kW system. This equates to $8 to $10 per Watt. An average American home with three bedrooms requires at least 1.5kW to as much as 3kW. Thus, set up can cost from $14000 to $30000, before rebates and tax credits.

Federal government rebate varies from state to state. Like a reference, an average California household that demands one.5kW system could possibly get as much as $4200 rebate (1.5kW= 1500 watts x $2.80 for every watt = $4200).

A household that demands 3kW system could possibly get as much as $8400 (3kW= 3000 watts x $2.80 for every watt = $8400).

Before, tax credit goes as much as 30% but it is lowered to 7.5% of system cost right after rebate.

Therefore an average household with 1.5kW system can get $735 ($14000 - $4200 x 7.5% = $735) worth of tax credit although the 3kW system can get $1620 ($30000 - $8400 x 7.5% = $1620) worth of tax credit.

Example A: 1.5kW system

Cost of solar electrical system: $14000 Less rebate: $4200 Less tax credit: $735

Cost of the system after rebate and tax credit: $9065

Example B: 3kW system

Cost of pv electrical system: $30000 Less rebate: $8400 Less tax credit: $1620

Cost of the system after rebate and tax credit: $19980

Once again, they are rough estimates just to provide you an idea of the cost of setting up solar energy system. They do not represent real figures.

Best ideas:

Energy independent home has greater resale value and is a lot more preferred by home buyers. As a result, if you're preparing to sell your home in a number of years, installing solar energy system does not just supply substantial saving on electric bill, it also is a great home improvement choice.

If you would like to finance the cost of your solar energy installation, consist of it in your mortgage.

If you want to decrease your electrical power load, switch to energy efficient appliances. Buy electrical appliances with Energy STAR seal.

Low energy requirement signifies lower set up cost.

Residents of places with higher electrical power rate can benefit most on solar energy system.

Should you can't afford the photovoltaic system, you can install pv hot water system that costs roughly from $2000 to $4000.

Solar energy is best for houses that are located far from the current energy lines.

Lastly, you got to check out the Energy Saving Method - Solar Power that save the earth and my bill too. I didn't know that I can make my own solar panel that only costs me less than one thousand dollar.

Post Footer automatically generated by Add Post Footer Plugin for wordpress.

Tags: , , , ,

May 20 2010 | Home Improvement | No Comments »

Solar Power A Must for Homes

Going green' is the trend these days since the world is facing a lot of environmental problems specifically global warming. Electricity comes from fossil fuels which are being burned. The emissions contribute a lot to global warming and one way to address this issue is by using solar power for homes. Even the federal and state governments are now encouraging many homeowners to utilize solar power by offering grants and loans. Solar power is a must for homes and it is not just for the rich people.

Are you familiar with DIY solar power kits? The DIY kits are widely available in online stores and perhaps in local stores. All you need to do is shop around and find a suitable system that can work for your home.

Why is the solar power system a must for homes?

As mentioned earlier, the government is also supporting green energy through grants and loans. Aside from that, there are also incentives. For instance, if you spend around $20,000 on system installation, the state government will give you a 30% credit. This means that your next tax bill will decrease by 30% of $20,000 which is $6,000. The credit can also be extended to the following year as long as the amount is covered fully.

Once you install the system, it requires minimum maintenance. Make sure that you also clean and clear it properly. You can consult a professional who knows a great deal about solar power systems and have yours checked annually. Most homeowners do little work on their systems and this is a great advantage.

Sunlight is available for all and since fossil fuels are depleting, it is an excellent option. If you install a system for your home, you will simply need to invest once and after that, you can now benefit as long as the system is working properly. Your electricity bills will surely be reduced and so you will have smaller bills every month. You can use the solar power system for your outdoor lights, garden lights and features, and even for indoor use as long as the inverter is big enough.

Solar panels are one of the most popular solar power systems used today. If blackouts are quite common in your area, it would really help a lot if you install solar power. That way, even if other homes don't have electricity, your home can still have electricity. Solar panels are reliable as well as the other systems available today. Most manufacturers also provide warranty and so you can expect the solar panels to be durable. You won't hear any noise since the panels are working quietly while producing the needed energy.

Electrocution cases are rare since the photovoltaic cells have low amperage and are very safe. Power is produced without emissions or fuel combustions.

Most of all, with solar power systems, you can help in saving the environment. You can help in decreasing pollution and the degradation of the environment. The power systems can last for decades with proper maintenance and care. If you're interested to go green, don't hesitate to install a solar power system for your home. This is the best time to make a choice a choice that can have a significant impact to the world. After installation of the system, you can now enjoy a continuous supply of green electricity.

Lastly, you got to check out the Energy Saving method that save the earth and my bill too. I didn't know that I can make my own solar panel that only costs me less than one thousand dollar.

Post Footer automatically generated by Add Post Footer Plugin for wordpress.

Tags: , , , ,

May 14 2010 | Home Improvement | No Comments »

« Prev - Next »