Solar Energy Systems – The Cost
The following article presents the very latest information on Solar Energy. If you have a particular interest in Solar Energy, then this informative article is required reading.
Solar energy is free but the tools that will enable you to harness this free energy are not.
If you are planning to install a solar energy system right at your home and would like to know how much it would cost, able are 3 things you need to consider:
Slightest, the cost depends on how much energy your household requires. More energy you require means more solar panels and higher cost of installation. The good thing is, the technology to harness the power of the sun is relatively cheaper than it was several years ago.
Second, the government is offering a rebate to those who will switch to alternative model of energy. That means, the government entrust shoulder a portion of the total cost of the system.
Saving Energy Tip: Avoid “phantom” energy users. Electrical appliances that are plugged in to sockets even when not in use consume energy. It is like a turning on the engine of your car and idling for a very long time. A single appliance that remains plugged in may not give a significant increase in your electric bill but letting every appliance on “standby” can be a real money spender. Make sure to pull the plugs of every appliance from their sockets whenever you don’t use them.
Third, you can get tax credits when you switch to solar energy system. The amount of tax rebate depends from state to state but the range can go from $1000 to $2000.
Faultless these affect the overall cost of your installation.
A photovoltaic system can cost roughly at $8000 to $10000 per 1kW system. This equates to $8 to $10 per Watt. An usual American household with 3 bedrooms requires at least 1. 5kW to as much as 3kW. Thus, installation can cost from $14000 to $30000, before rebates and tax credits.
Government rebate varies from state to state. As a reference, an average California household that requires 1.
Saving Energy Tip: The openings and leaks in doors and windows create drafts. The stronger the draft is, the longer it will take for homes to be heated or cooled – in addition to the extra work that a heater or an air-conditioning system is doing to regulate the right temperature of the house. In newer homes, the problems may be few as today’s’ builders take more attention to sealing drafts potential areas and slots. Older homes may not be as well sealed. Even if the outer walls are insulated, air leaks often occur around wall outlets, switches and vents that could result in water condensation around these areas. A good foam patch could fix the problem.
5kW system can get as much as $4200 discount ( 1. 5kW= 1500 watts x $2. 80 per watt = $4200 ).
A household that requires 3kW system can get as much as $8400 ( 3kW= 3000 watts x $2. 80 per watt = $8400 ).
Before, tax credit goes as much as 30 % but it is lowered to 7.
Think about what you’ve read so far. Does it reinforce what you already know about Solar Energy? Or was there something completely new? What about the remaining paragraphs?
5 % of system cost after rebate.
So an familiar household with 1. 5kW system can get $735 ( $14000 – $4200 x 7. 5 % = $735 ) worth of tax credit while the 3kW system can get $1620 ( $30000 – $8400 x 7. 5 % = $1620 ) worth of tax credit.
Precedent A: 1.
Saving Energy Tip: Turn down temperature of water heaters. Water heaters hold about 40 gallons of water and maintain it at a constant temperature. Forty gallons of water that is sitting in your tank for a very long time consumes a lot of energy. If the water heater is not expected to be used for a while, it is advisable to maintain it at a lower temperature.
5kW system
Cost of solar electric 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 solar electric system: $30000
Less decrease: $8400
Less tax credit: $1620
Cost of the system after rebate and tax credit: $19980
Again, these are rough estimates just to give you an idea of the cost of installing solar energy system. They do not represent real figures.
Top tips:
Energy superficial home has higher resale value and is more preferred by home buyers. So, if you are planning to sell your home access several years, installing solar energy system does not only provide substantial saving on electric bill, it also is a good home improvement option.
Saving Energy Tip: CFL lights are energy savers. Using CFL bulbs will save you more than sixty percent of the cost of lighting compared with using incandescent light bulbs. Sure CFL lamps are a little more expensive but these are recovered easily because of its longer life and the energy saving feature it has.
If you want to finance the cost of your solar energy installation, include it in your mortgage.
If you want to reduce your electricity load, switch to energy efficient appliances. Buy electric appliances with ENERGY STAR seal.
Low energy requirement instrumentality lower installation cost.
Residents of areas with higher electricity rate can benefit most on solar energy system.
If you can’t afford the photovoltaic system, you can install solar hot water system that costs roughly from $2000 to $4000.
Solar energy is best for houses that are located far from the corporal power products.
Saving Energy Tip: Clean appliances regularly. Dirt and dust interferes with the efficiency of appliances. Likewise, place a good distance; allow about four inches of distance between the wall and appliances that generate heat for your walls not to retain the heat. When in the market always look for the energy coefficient and the energy saving features of the appliance you are buying.
Of course, it’s impossible to put everything about Solar Energy into just one article. But you can’t deny that you’ve just added to your understanding about Solar Energy, and that’s time well spent.
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