The Cost of Solar Power
In the recent past, there have been various government incentives, better financing options and better designed solar panels. People have been attracted to these solar panels due to a number of things. You will witness that the number of people that have chosen to have these solar panels installed in their homes has tremendously increased. 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. There are states that dictate the amount of electricity that has to be generated within a given year from renewable sources. 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.
The photovoltaic technology is the most prevalent technology used in solar power. The past few years have seen to it that its cost significantly reduce. It has however enhanced how appealing the solar panels are. The PV cells will be the ones to make sure that they directly convert solar power 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 matters a lot in any project. You will observe that there are various financing options that you can choose from for this kind of project. In fact, it is possible for you to get solar installed even when you have nothing on you. This is because people have recognized that solar energy will incredibly reduce your electricity bill. As a homeowner, you will have access to either the net-metering or the feed-in 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. The feed-in program is meant for people who have to generate money to offset the loan that they have taken to finance this project.
Your home will actually be filled with better aesthetics. You will realize the improvement of the value of your home from this. You will note that within no time, the resale value of your home will skyrocket. This implies that it will be quite cost attractive to install this system on your roof.