How Affordable is Solar Power?
There has been an emergence of more government incentives, great financing options and better designed solar panels in the past few years. There are a few things that have really motivated people to go for these solar panels. You will note that there has been an immense rise in the number of people that have chosen to install this form of energy. This is due to the fact that people now consider renewable energy as a solution to the various environmental challenges that might be in existence. A number of states have set a minimum amount that needs to come from renewable sources each passing year. It is significantly important that you get to know a few aspects that might help you to understand how affordable residential solar power energy could be to you.
There is the photovoltaic technology that is commonly used. You will note that its cost has tremendously reduced in the past few years. It has however enhanced how appealing the solar panels are. It will be upon the PV cells to make sure that there is a direct conversion of solar energy to electricity. Typically you will need to install between twenty and forty PV panels for a house of between 2000 and 2500 square feet. The solar panels will always be fixed with micro-inverters that will be responsible for the conversion of energy to AC electricity for use within the home. However, it is prudent to state that the amount of electricity that is generated is always dependent on the availability of solar resource within the given area.
Money is often one of the biggest considerations in any project. You will observe that there are various financing options that you can choose from for this kind of project. It is actually possible for you to have the project financed up to a hundred percent. This is because people have recognized that solar energy will incredibly reduce your electricity bill. As a homeowner, you will be exposed to either the feed-in or the non-metering incentive. You will be exposed to newer solar products. It is healthy for the net metering incentive to be adopted by the people who have fully financed their own projects. In the event that you took a loan to finance this particular project, then it will be appropriate for you go for the feed-in program so as to raise finance to settle the loan.
Your home will actually be filled with better aesthetics. This will actually occasion the rise of the value of your home. The resale value of your home will certainly shoot within the shortest time possible. This implies that it will be quite cost attractive to install this system on your roof.