We’ve been doing lots of research on solar panels these days. The idea of saving some money on the electric bill is pretty appealing, right? Are we alone in that?! But one thing we’ve found in our research is that there can be some significant start-up costs when it comes to solar energy. How do you figure out if it’s worth it in the end for YOUR family?
Adding solar panels to a home can save a family above $100 in many states, which, in 20 years can amount to savings of over $30,000. Because it can take a while until your finances begin to show the effects of solar panels, families can be wary to make the switch to green energy. ‘Do we have to put thousands of dollars down?’, ‘How much does it cost to install solar panels?’ or ‘How secure is this investment?’ are a few questions most families ask. In this post, we highlight the ease with which the switch can be made, focusing on ways to afford installation and other costs.
Solar Installations Costs Have Dropped
Between 2010 and 2016, notes Forbes, the cost of installing solar dropped by over 70%, and technological innovations have meant that panels are more efficient and cheaper to own, yet many households still haven’t made the change. Obstacles include the fact that up to 77% of houses in the US are ineligible for rooftop solar panels (because of issues like orientation or building height, for instance). Moreover, upfront costs for solar can amount to thousands of dollars, which can be prohibitive for many families.
One of our many reasons for our recent move from a subdivision out into the country was so we had a bit more control over our own property. While we loved our subdivision, there were many rules to follow, and if what we wanted to add to our property didn’t fit the bill, our ideas were shot down. For instance: one of our ideas was to add a pool, complete with solar panels to power the necessary pool equipment. Turned out that the “committee” didn’t like that idea.
But NOW, we’re on the right track! We have just over an acre with very few rules attached, so we’re looking forward to knocking some ideas off our list! In prepping for that, I’ve been doing some research on solar products for homes. Folks, the possibilities are amazing! So when blogger Christopher Austin sent me over HIS research on the subject, I knew it was the perfect time to share with all of you.
As the rest of the world tries to catch up in regards to the use of renewable energy, some developed countries such as China, USA, and the UK are already enjoying the benefits that come with the use of renewable energy sources such as wind and solar. Over the last couple of years, a significant increase in the world’s power grid came from renewable energy sources.
Many benefits come with the use of renewable energy sources such as solar and wind. However, due to the numerous impacts on our environment such as global warming, many governments, and nongovernmental organizations are pushing for the use of renewable energy sources by large manufacturing companies that have a significant impact on the environment. Apart from enjoying cheaper energy sources, you are guaranteed clean energy which means a cleaner environment.
Although the amount of carbon emitted from your home could take years to count in regards to global warming, it’s the number of homes we have across the world that really makes it count. In this regard, if 50% of homeowners went green, it would mean a significant reduction on environmental degradation associated with the use of fossil fuels. Here are some of the ways that you can reduce the negative environmental impact of your home by introducing solar products.