Stop Getting Misinformed And Learn The Price Of Solar Energy
Actually, the energy itself is free, it is the system – the technology needed to harvest it that can cost money.
So anyone contemplating the installation of solar energy in their home needs to consider a couple of things.
First of all, how much you need to spend will depend on how much energy your house is going to need. If you live in a climate where both cooling and heating are required for much of the year, you are going to need more solar panels installed. Once they are in place, though, you can start saving a bundle.
Secondly, if you install solar power, the government is going to kick in with rebates and tax breaks, too, and this can defray part of the costs.
The third thing is the aforementioned tax credits. Depending on the state you live in, you can save up to one or two thousand dollars.
These are then incentives to go ahead with solar power.
To set up a complete photovoltaic system can run into many more thousands, as much as eight or ten thousand dollars. This kind of system in place would give you a 1 kilowatt system. A three-bedroom house – which is typical in the U.S. – needs between 1.5 to 3 kilowatts, so the total cost in this case – before any rebates or tax breaks – would come to around $14,000 or $30,000.
There are many variables when it comes to government rebates. In California you can get $4,000 for installing a 1.5 kilowatt system
If you have a house that needs 3 kilowatts and you install a system to supply it, your government rebate can be as much as $8,400.
There are some tricks involved with these sums. Keep in mind that your tax credit may be reduced from 30% to just 7.5% after the rebates.
In any case, an average house in the States can achieve quite a bit of savings for setting up a solar source for its energy needs.
Here is the example for a 1.5 kilowatt system:
Setting up the system would come to: $14,000
Minus the rebate of $4,200
Minus the tax credit of $735
The entire savings amounts to $9,065
Here is the example for a 3 kilowatt system:
Setting up the system would come to: $30,000
Minus the rebate of $8,400
Minus the tax credit of $1,600
The entire savings amounts to $19,980
These are simply estimates that should indicate to you something about the expenditures involved and the breaks that you may end up getting for undertaking this greening of you energy needs.
Here Are Some More Great Tips:
If you turn your home into this kind of green energy, it is going to increase its value and will sell at a higher price, should you ever need to move to some other place. In the meantime, you are of course going to save a lot of money while you are living in your house yourself.
Should you include the cost of this green energy deal in your mortgage? Yes, possibly.
You may go further by getting appliances that require less energy to run or operate. Look for the ENERGY STAR on appliances that you are going to buy.
The less energy you require, the less you need to spend.
If the whole photovoltaic system seems out of your budgetary situation at the moment, think of installing a hot water system, which would only run to about $2,000 or $4,000.
If you have a house that’s far from the conventional power lines, your solar energy system will be truly advantageous for you.
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