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The initial cost of solar power varies widely. It depends on how much electricity you use, how much Sun your home gets, and rebates in your area. Generally a typical home solar power system is about $30,000 after state and federal incentives. The system will pay for itself in about 10 years and last for 25-30 years. A solar power system connects to the electric meter so a homeowner uses electricity the same as they always have.
Answer
Solar energy can be perceived as an expensive option. However with advancing technologies and demand, prices are lowering rapidly and the long term savings are not to be ignored. Many local governments are also offering incentives for those who choose to go solar. This can alter the estimated cost and is a huge advantage.
The overall cost will vary depending on the size of your home, how much electricity you wish to use, the solar system you select and the amount of sunshine you receive.
For the average family, a solar power system will cost in the range of $12,000 to $26,000 before discounts. For more Information, see related links.
Answer from a customer:
I installed a system that is a wind / solar panel combination. The cost of this self installed system was about $24,000 after the rebates from the Government. I also installed high efficiency lights and any savings devices I could. I live in Wisconsin, so we see a tad less light then some areas, but then we do not have the heat issues that absolutely kill solar output performance. The system delivers enough power to light two 100 watt bulbs and a television for about three hours a day. Payback on the system is about 90 years unless I have any further problems. Two thunderstorms have taken $5K in inverters out so far in the first three years of operation. Getting on to my roof to shovel the panels is not worth the $0.23 a day in power I receive. I would never waste this money for such a poor operating system again. Solar never pays for itself.
Answer:
The cost of solar various depending on your need, for residential you can be spending as little as $30 a month or as much as a thousand+ a month. This is a vary big gap, being as such you can pay after rebates and federal tax as little as 5 grand for a system or as much as 300 grand depending on the size of the system to your needs. The big issue here is the payback, the average system pay back is about 7~ years, with a + or - or 3 depending on your local electric companies pay structure. Along with this solar panes are generally warrantied up to 25 years, but you can expect to see production from these panels 40+ years down the road. Average panel degrading at about .25% - .5% of a year. Inverters will need to be replaced about once every 15 years. As an example of a price if you're paying around $200 in Southern California a month for electricity, you're looking at a system to offset to pay around 35 to 40 grand.
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What is the role of an owner builder?
An owner builder is someone who carries out the work to build, extend or convert their own home. The main reasons for being an owner builder are the feeling of accomplishment of building a home and the cost savings in not having to employ a builder. However the risks include taking on the entire responsibility for the build including legal and building issues.
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How is sunshine free like solar energy?
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What is the cost of Solar Power?
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Solar Power?
form_title= Solar Power form_header= Install solar power in your home with help from experts! Why do you want to install solar power in your home?*= _ [100] When was your home built?*= _ [50] What is your budget for solar power?*= _ [50]
How much would it cost to run a home on solar panel?
The cost of your solar system is directly related to how many kilowatts your home uses each month. That is what determines how much power you wish to generate.
Where can I find cost comparison information on wind and solar home power generation systems?
Wholesalesolar.com has great information about wind and solar home power generation systems and compares different prices and brands. This website should really help you compare the prices of wind and solar home power generation systems.
Instead of using electricity I'm using solar power generator for my home how much money will stay in my pocket?
By using a solar power generator to power your home you could save around 500 on electricity bills, if you also convert a solar panel into heating your water you could save a further 200 a year.
Is there a product that provides hot water solar heating along with home generator power?
A powered home generator is a good machine for solar panels. This will convert the heat energy into heating the water which will heat it and make it hot
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Installing a solar power generator for the home can initially be very expensive. Fortunately, there are some programs that can help to offset this cost. Some local governments provide grants and other cost reducing incentives to homeowners who attempt to use renewable resources. There are also cities that will install a solar power generator in the home in such a way that extra electricity is siphoned back into the power grid. The power company will then pay the homeowner for the extra electricity that is being generated.
Are solar panels for the home expensive or will it save you money?
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What is a residential solar power project in the US?
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