The Cost Of Solar Energy Kit

Solar energy is free but the tools which will allow you to harness this free energy are not.

If you are planning to set up a solar energy system right at your home and would like to understand how much it would cost, there are three things you need to consider:

First, the cost is dependent on how much power your household demands. More power you require indicates more solar panels and higher cost of installation. The good thing is, the technology to harness the energy of the sun is fairly cheaper than it was a number of years ago.

Second, the government is providing a rebate to people who will change to choice form of energy. That means, the government will shoulder a portion of the total cost of the system.

Third, you are able to get tax credits whenever you switch to solar energy system. The amount of tax rebate is dependent from state to state but the variety can go from $1000 to $2000.

All these have an effect on the overall cost of your set up.

A photovoltaic system can cost roughly at $8000 to $10000 for every 1kW system. This equates to $8 to $10 per Watt. An average American home with three bedrooms requires at least 1.5kW to as much as 3kW. Therefore, installation can cost from $14000 to $30000, before rebates and tax credits.

Federal government rebate varies from state to state. Like a reference, an typical California home that demands 1.5kW system could possibly get as much as $4200 rebate (1.5kW= 1500 watts x $2.80 per watt = $4200).

A household that demands 3kW system can get as much as $8400 (3kW= 3000 watts x $2.80 per watt = $8400).

Before, tax credit goes as much as 30% but it’s lowered to 7.5% of system cost right after rebate.

Hence an average home with 1.5kW system could possibly get $735 ($14000 – $4200 x 7.5% = $735) well worth of tax credit while the 3kW system can get $1620 ($30000 – $8400 x 7.5% = $1620) worth of tax credit.

Example A: 1.5kW system

Cost of solar electric system: $14000 Less rebate: $4200 Less tax credit: $735

Cost of the system after rebate and tax credit: $9065

Instance B: 3kW system

Cost of solar electric system: $30000 Less rebate: $8400 Less tax credit: $1620

Cost of the system after rebate and tax credit: $19980

Once again, they are rough estimates just to give you an idea of the cost of setting up solar energy system. They don’t represent actual figures.

Top ideas:

Energy independent home has higher resale value and is more preferred by home buyers. And so, if you’re planning to market your home in several years, installing solar energy system does not only provide substantial saving on electrical bill, it also is really a good home improvement choice.

If you want to finance the cost of your solar energy set up, consist of it in your mortgage.

If you want to decrease your electricity load, switch to energy efficient appliances. Purchase electric appliances with Energy STAR seal.

Low power requirement signifies lower installation cost.

Residents of areas with greater electrical power rate can benefit most on solar energy system.

Should you can’t afford the photovoltaic system, you can install pv hot water system that costs roughly from $2000 to $4000.

Solar energy is best for houses that are located far from the current power lines.

Lastly, you got to check out the Energy Saving Method – Solar Power that save the earth and my bill too. I didn’t know that I can make my own solar panel that only costs me less than one thousand dollar.