Two Key Solar Energy Solutions
Solar energy has always been unaffordable for too many of our home and small business owners.
The times...
they are a changing! There are two key solar energy solutions whose time has finally arrived.
The recent price reductions for solar photovoltaic panels have made it possible for nearly every home owner to enjoy the benefits of solar hot water and electricity generation.
This article will explain why this is now possible and what actions you need to take in order to benefit from the opportunity.
A recent study released by Queen's University concluded that current cost-analysis models for solar energy systems are too conservative.
The models do not take new technologies and recent price reductions into account.
The study even went so far as to say, that analysts were keeping the public in the dark concerning the viability of solar energy.
The research concluded that we are at a tipping point where solar energy generation is as cost-effective as traditional energy production.
When energy analysts rate solar photovoltaic systems, five major factors are taken into account: • Cost variables- Current analysis do not factor in the 80 percent price reduction of PV panels since 2008.
• Installation costs- Installation costs continue to fall as competition and ease of assembly increases.
• Maintenance- Maintenance costs of solar arrays continue to be very low.
• Financing- Interest costs are at record low levels.
Leasing is also becoming a popular option.
• Life expectancy- New research shows that there is only a.
1 to.
2 percent annual loss in production annually as the systems age.
Currently analysts expect this to be 1 percent annually.
• Amount of electricity generated- Current technology is better and more efficient than even the recent past.
The estimates of analysts as recently as 2010, predicted costs of more than $7.
60 per watt of installed power.
Recent costs are in the $2.
50 range installed and PV panel wattage is less than $1.
00.
There has never been a better time to consider installing a solar power array.
So far, the discussion has been entirely about power generation, but another equally good option is solar hot water.
Research has proven that the most efficient method of using solar power is by using its thermal properties.
Solar does a very efficient job of heating water.
Systems are available for every size family or business.
Every geographic region can benefit because the sun's power is strong regardless of the outside temperature.
Direct and indirect hot water systems are available to address the climate related problems of any particular region.
The Payback periods can be as low as 3 years.
Strong consideration should be given to the purchase and utilization of a solar hot water system.
Now and then, we are presented with an opportunity to make a change.
If you are a small business or home owner that could not afford a solar power system, this is a great time to reconsider.
Federal tax credits of 30 percent are available to anyone.
Many states and local utilities also have credit or rebate programs.
In some areas, a system can be installed at a 60 percent discount.
This is in addition to the already low prices for PV panels.
You are urged to check with suppliers and learn the amount of savings available to you in your area.
Two key solar energy solutions have been highlighted and are available at historically low prices.
What are you waiting for?
The times...
they are a changing! There are two key solar energy solutions whose time has finally arrived.
The recent price reductions for solar photovoltaic panels have made it possible for nearly every home owner to enjoy the benefits of solar hot water and electricity generation.
This article will explain why this is now possible and what actions you need to take in order to benefit from the opportunity.
A recent study released by Queen's University concluded that current cost-analysis models for solar energy systems are too conservative.
The models do not take new technologies and recent price reductions into account.
The study even went so far as to say, that analysts were keeping the public in the dark concerning the viability of solar energy.
The research concluded that we are at a tipping point where solar energy generation is as cost-effective as traditional energy production.
When energy analysts rate solar photovoltaic systems, five major factors are taken into account: • Cost variables- Current analysis do not factor in the 80 percent price reduction of PV panels since 2008.
• Installation costs- Installation costs continue to fall as competition and ease of assembly increases.
• Maintenance- Maintenance costs of solar arrays continue to be very low.
• Financing- Interest costs are at record low levels.
Leasing is also becoming a popular option.
• Life expectancy- New research shows that there is only a.
1 to.
2 percent annual loss in production annually as the systems age.
Currently analysts expect this to be 1 percent annually.
• Amount of electricity generated- Current technology is better and more efficient than even the recent past.
The estimates of analysts as recently as 2010, predicted costs of more than $7.
60 per watt of installed power.
Recent costs are in the $2.
50 range installed and PV panel wattage is less than $1.
00.
There has never been a better time to consider installing a solar power array.
So far, the discussion has been entirely about power generation, but another equally good option is solar hot water.
Research has proven that the most efficient method of using solar power is by using its thermal properties.
Solar does a very efficient job of heating water.
Systems are available for every size family or business.
Every geographic region can benefit because the sun's power is strong regardless of the outside temperature.
Direct and indirect hot water systems are available to address the climate related problems of any particular region.
The Payback periods can be as low as 3 years.
Strong consideration should be given to the purchase and utilization of a solar hot water system.
Now and then, we are presented with an opportunity to make a change.
If you are a small business or home owner that could not afford a solar power system, this is a great time to reconsider.
Federal tax credits of 30 percent are available to anyone.
Many states and local utilities also have credit or rebate programs.
In some areas, a system can be installed at a 60 percent discount.
This is in addition to the already low prices for PV panels.
You are urged to check with suppliers and learn the amount of savings available to you in your area.
Two key solar energy solutions have been highlighted and are available at historically low prices.
What are you waiting for?