Consider Using Solar Energy

solar panels can mean huge reductions in your energy billThe installation cost of residential and commercial solar energy power systems is dropping at a rapid pace, according to a report released U.S. Department of Solar Energy’s Berkeley Lab.

As a result, the general market for solar energy power systems has grown, giving consumers an efficient way to generate energy, while simultaneously saving money on energy bills.

Berkeley Labs’ report also shows that solar power systems installed on new constructions were generally lower in cost than having solar energy power systems installed in pre-existing homes with standard electric service setups. The decline in the cost of solar power system installation brings our attention to the advantages of solar energy, and how this form of energy can save you money.

These systems harness the power of the sun via solar panels which are designed to absorb the electromagnetic radiation from the sun’s rays. This process produces electricity which is then distributed throughout the home using a circuit system set up by the system installers.

Solar panels can help consumers reduce their ongoing expenses, as well as make a positive impact on the environment. Homeowners can also benefit significantly when it’s time to sell or refinance since using solar energy power systems increases the home’s value.

Another plus is being able to take advantage of the tax incentives and rebates offered by the federal government for households utilizing renewable solar energy power systems. Other advantages include saving hundreds by drastically reducing the electric bill, being able to store excess power (and even sell it), and using excess power to charge electric vehicles at no additional out-of-pocket costs.

As the advantages of using solar energy can be so compelling, especially considering the declining cost of installing solar energy systems, it’s well worth taking a look at switching to solar energy sources and the potential savings on bills, an increase in home value, and federal tax incentives that will be a welcome bonus when it’s tax time.

Read the Berkeley Labs news release.

Philip

6 Comments

  1. A house just went up in the next phase of my subdivision with solar panels on the roof. After reading this post, I can’t wait to meet the new neighbors and see how much they’ll save – energy wise – with their system.

  2. Solar and wind energy are definitely the way to go but it seems that the initial cost for equipment is still so high that the average homeowner trying to save money can’t afford it yet. Prices are coming down and maybe some companies will offer retro-fit kits for older homes.

  3. I recently bought some solar powered lighting for my yard and entrance way. It seemed like the best choice, being that the lights were outside, after all, and so they would definitely get the power they needed during the day to stay on all night. I love them! They were very inexpensive and I highly recommend them. Installation was also super easy. No need to run wires or connect them to each other, or the house, at all.

  4. I would love love love to be able to afford to switch to solar power. I live in an 80 year old house so the wiring would really be a huge issue. In the mean time all my appliances are energy stat and all bulbs cfl. There are many alternatives for those of us who choose to go green but cant afford to upgrade.

  5. I am so glad they finally invented this! I can’t afford to install solar panels right now, but it’s definitely something to think about in the near future! I’m also keen on the idea that it’s helping the environment! I’m a big fan of all that is green 😀

    • You’re right: it’s not the kind of thing to invest in when you are working hard to get out of debt. But when your finances are starting to look healthier, it’s good investment to look into. Not only could it dramatically cut your energy bills, like you say it’s great for the environment as it’s clean – or green – energy. And in some countries if you generate excess electricity it’s possible to sell it to the energy company.

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