How Affordable is Solar Power?
In the recent past, there have been various government incentives, better financing options and better designed solar panels. These are some of the few things that have inspired people to go for solar power and energy. You will note that there has been an immense rise in the number of people that have chosen to install this form of energy. This is brought about by the fact that so many people associate renewable energy with being the only solution to the various environmental challenges that are 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. There has been an enrichment of its aesthetics too. It will be upon the PV cells to make sure that there is a direct conversion of solar energy to electricity. Typically you will need to install between twenty and forty PV panels for a house of between 2000 and 2500 square feet. These panels will often be connected to micro-inverters that then convert the energy to AC electricity. You will note however, that the amount of generated electricity will often be determined by the solar resource within the area.
Money matters a lot in any project. There are so many financial options that are currently in existence for you to choose from. In fact, there is a possibility of the project being fully financed for you. This is due to that fact that people are cognizant of the way solar can be of help in lowering utility bills. As a homeowner, you will be exposed to either the feed-in or the non-metering incentive. You will also get relatively new solar products too. The net metering is good for people who have financed the project on their own. The feed-in program is a suitable option for people who want to raise finances to settle the amount that was taken as credit to finance this project.
You will be guaranteed of better aesthetics once you install this project. This will actually occasion the rise of the value of your home. You will note that within no time, the resale value of your home will skyrocket. This implies that it will be worth it to have the system installed in your residence.