The Cost Of Residential Solar Energy-how Much Does Solar Energy Cost?

How much does solar energy cost is a difficult question to answer but this piece will hopefully give you some good pointers.

The cost of using solar energy is next to nothing after the initial investment of setting up your solar power system for your home. The amount of money that you will pay for the equipment is determined by a number of variables.

Factors that determine the cost of solar energy include your electricity requirements, the amount of sunshine that is available to charge the solar panels, size of the place where the panels will be used and incentives given by the government to people using green technology. And governments and states are recognizing the benefit to society at large to encourage the use of renewable energy sources. Clearly this would also have the effect of reducing the obligation on government to provide power which is an increasingly onerous task because of the depletion in fossil fuel supplies.

Taking into account the above mentioned variables, here is a rough estimate of the cost of solar energy.

Water Heating System: The cost of a solar water heating system is $2,000-$4,000.

Photovoltaic System: The price of a solar panel depends on its wattage. A 1 kW system costs between US $8,000 and $10,000. For an average sized family, 1.5 3 kW solar panels are required, which cost between US $13,000 and US $27,000, without rebates.

You can save a lot of money on solar panels with the help of government rebates and tax credits. For example, say you live in California and have purchased a 2.5 kW system for $22,500.

The government rebate on this system will be $7000 (2500 watt x $2.80 per watt rebate = $7,000). Also subtract the tax credit amount of $ 1,163 from the sale price (7.5% of system cost after rebate. $22,500 $7,000 x 7.5% = $1,163).

It should be kept in mind that the example given above is an estimate and other factors will play a part in determining the final cost price of a solar energy system.

You can reduce these costs enormously though by building your own solar panels which can be built at a fraction of the cost of buying ready made units.

by: John O Toole

POST COMMENT

Home Solar Power Systems-what You Need For Residential Solar Energy Utility Of Solar Powered Products In Our Daily Life Block solar energy industry is the trend of gold companies join forces to develop - solar energy, kitchen appliances, water heater - HC Network Nanjing Will Be 80 Million Grant Funds For Construction Of Renewable Energy - Heat Pumps, Solar Tech Trends For Your New Year - Whats New In The News For Developments In Technology Enjoy and be part of nature, with New Forest holidays Forward to share new trends in building materials distribution industry to develop new focus - building materials to rural areas - web coating Saving In Width Knitted Fabric Dyeing And Finishing Technologies - Energy Saving, Finishing - Light Is The Time To Car Maintenance Routine Eye Lights - Lights, Lamps, Lighting - Lighting How To Build Free Energy Generator And Can It Be Built In Simple Ways? New Era Caps Likes Release New Products New Era Caps Tend to Develops New Series Common questions to think about before you buy your new Rabbit vibrator