Solar Power is Affordable
When solar power was first introduced to the residential market, the equipment costs were so high that it could not compete with the traditional manner of buying electricity off the grid. But now, thanks to technological advances and rising demands that have lowered costs and government stimulus that also offsets the initial installation expense, affordable solar power is now a reality.
Early adopters of home solar power systems did so because they wanted to do something good for the environment. They were willing to pay a higher price for their electricity to know that it did not require fossil fuels to generate the power for their home. Others turned to solar technology in places where traditional power off the grid was not available.
Equipment Costs are Lower
In the past decade, the cost of solar panels has been reduced by half. The solar panels of today are smaller and more efficient at producing energy. This has made it easier to install the panels and they look better. There have also been exciting advances like the flat, flexible panels which can be adhered right to the surface of metal roofs with an adhesive. This eliminates those bulky frames that used to hold the panels, as well as fasteners that need to go through the roof, creating the potential for leaks. Testing is currently being done for new roofing materials that will incorporate solar panels automatically. This means more affordable solar power because you are not buying a roof, then covering it up with a second layer. Less materials to buy equals more savings.
Rebates, Incentives and Deductions
Incentives and tax deductions are now being offered by many local governments as well as state and federal governmental programs. Incentives may come in the form of tax deductions or direct rebates that cover the cost of the equipment and installation. Maintenance and upgrades may also be eligible for more incentives.
In some regions, the government also makes payments to you based on any power that you generate with your solar power system. This is in addition to any money you get from the utility company for power that you generate. While some people may be unfamiliar with the idea of a utility company paying someone for power, it is less expensive for them to buy excess power from customers who have alternative energy systems than to build their own. Utility companies are mandated to get a certain percentage of their power from alternative energy sources. Depending on where you live, the power company will either install a separate meter which allows you to sell back to them or they will change your meter to a special one that can run backwards at times when you are generating more power than you are using.
Mail this post
Tags: affordable solar power, home solar power systems, solar energy, solar panels, Solar Power