Residential Solar Energy may be surfacing in the mainstream homeowner’s consciousness – but is it within reach of the current mainstream budget?
Most people assume that solar is too costly, whether for their home or their business, and up until recently, this perception was well founded. But in recent years, the cost of solar has come down significantly as a result of reduced material costs and major new incentives.solar is one of the authority sites on this topic.
Most popular electronics such as digital cameras, flat screens and cell phones will drop in price by about 20 percent whenever production demand doubles. As it goes with these more familiar technological phenomena, so it goes with solar. And then some!
With increasing demands, solar module costs have seen a remarkable drop – a residential solar system now costs about 33% less than it did just 3 years or so ago. And that is before incentives. Incentives can reduce the first year cost of a residential solar system by as much as 65%. So a typical residential solar system might cost $3,000 – $10,000 after incentives, putting solar very much within reach for most homeowners.
While prices are significantly lower than they were, of course a residential solar system remains a significant investment; that is why we are careful to emphasize the plethora of financing options and helpful tax credits and incentives available.
The current pricing and incentives could realistically allow residential solar panel installation to become typical in the mainstream market.
And why not? When it comes to increasing the value (or resale value) of your home, its hard to beat residential solar energy systems for a strong investment choice. Most systems are expected to far outlast their 25-year warranty. Most homeowners find they have saved enough money on their utilities to have paid off their system in about three years or less; after that, every year they pocket the savings (and are insulated against the inevitable rise in utility costs!)
Most people also have a vague idea of the environmental benefits of solar power, but let’s spell them out clearly here: Powering one small house using a 5.8 kilowatt residential solar system prevents 13,000 lbs of carbon from being emitted into the atmosphere in just the first year; over the lifetime of the system the CO2 emissions avoided would total 330,000 lbs. In other terms, you would help reduce as many environmental pollutants as you would by not driving 290,000 miles or by planting 21 acres of trees!
Awareness of this efficiency big picture – both savings for the household, and improved environmental health for the wider community – has given homeowners confidence that moving forward with renewable energy is the most sensible thing to do. On top of all this, solar installation has come a long way on the design side, too. Options abound for integrating solar panels into the structure and overall design style of your home, from solar shingles to one-of-a-kind pergolas to ground mounts nestled into your landscaping. We will put our expertise to work for you, choosing the best from hundreds of products from hundreds of brands, in order to deliver a creative solution tailored to your needs. Whether yours is a brand new city loft or a preserved Victorian cottage, our engineering and architectural support team relish the challenge of bringing solar to your home with style and grace.