How much does a solar energy system cost?
The cost of a photovoltaic system is an up-front investment; the exact amount depends on how much electricity you use and what percentage of that you would like your solar energy system to supply. The more electricity you require, the larger the system required (see chart below for a ballpark figure).
Government-funded solar incentive programs vary from country to country and even from state to state. Some solar-incentive programs pay you back over time based on the energy you generate. Other solar incentives are one-time payments of rebates or credits. To find out the incentives in your area, consult Wholesale Solar’s Solar Incentives by State.
The average cost of installing a solar system varies across the US, and some of the differential is due to these local, regional, and state incentives. But estimates show that solar energy systems create monthly savings across the board: According to EnergySage.com, the average savings from use of a solar system over 20 years can range from $7,000 to over $30,000 (but varies, depending on locale). For estimates based on your specific area, try Google’s Project Sunroof feature, which allows you to plug in your home address for personalized figures.
How much can I expect to save on utility bills?
The answer depends on what you currently pay for electricity and how much credit your utility company will give you for the amount of power you don’t use. This estimate can be determined by approximating how much power your solar system will provide compared to your current usage.
Are solar panels ever good-looking?
Don’t like the bulky look of solar panels? The next generation of solar products, Building-Integrated Photovoltaics (BIPV), show great promise: photovoltaic cells are being incorporated into shingles, windows, siding, and other building materials, enabling structures in the future to have seamless solar solutions.
Solar Panels Recap:
Pros:
- Good for the environment
- Reduced utility costs
- Lessens our dependence on fossil fuels
Cons:
- Relatively high initial cost
- The amount of savings is not straightforward
- Not traditionally aesthetically pleasing
Had firsthand experience with solar paneling? In the Comments section, fill us in on your finds.
For more on eco-friendly upgrades, see:
N.B. This post is an update; the original story ran on Remodelista on July 3, 2014.
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