When most home owners start looking into the idea of installing solar panels in their property, they very rarely have any reservations about using natural energy to power their home. The thing that usually stops them from going ahead and installing this type of system is the cost. Even with the knowledge that they will be doing their bit to help the environment and saving money on their annual energy bills, in the past this wasn't enough to outweigh the significant initial investment they would have to make. Has anything changed?
The cost of installing a solar power system in the average home is likely to be in the region of $15,000. If the returns for using more solar power were significant, this would probably seem like a really good idea despite the high price tag. However, this average sized home can probably only expect to reduce their annual energy bill by a couple of hundred dollars. Which means it would take a long time before they saw a return on their initial investment, But when you look at some of the other figures involved, it's actually a different story.
It may cost several thousands of dollars to install solar panels in your home, but you don't have to foot the bill on your own. Thanks to various contributions, rebates and tax breaks from the federal and state governments, as well as regional energy companies, you might only need to find about 10-20% of the actual cost of installing your new solar power system. When you consider this, an investment of $2000 to help you save $200 dollars every year doesn't look so bad, and you could actually be in pocket after about 10 years.
Plus, energy isn't getting any cheaper. With much of our power still coming from resources that will eventually run out, traditional energy prices will be a lot more expensive in ten years time, than they are today. All of which means an even greater return on your solar power investment as your savings increase.
Even if you sell your home before you've recouped your investment you're still likely to get some of your money back. Properties that use natural energy sources to save on fuel bills are an attractive proposition for buyers, who will pay more for them. The government and other organizations are literally falling over themselves to give you the money you need to install solar panels. So whether it's purely for the environmental benefits, or because you like a good investment, there's never been a better time to switch to natural energy.
The cost of installing a solar power system in the average home is likely to be in the region of $15,000. If the returns for using more solar power were significant, this would probably seem like a really good idea despite the high price tag. However, this average sized home can probably only expect to reduce their annual energy bill by a couple of hundred dollars. Which means it would take a long time before they saw a return on their initial investment, But when you look at some of the other figures involved, it's actually a different story.
It may cost several thousands of dollars to install solar panels in your home, but you don't have to foot the bill on your own. Thanks to various contributions, rebates and tax breaks from the federal and state governments, as well as regional energy companies, you might only need to find about 10-20% of the actual cost of installing your new solar power system. When you consider this, an investment of $2000 to help you save $200 dollars every year doesn't look so bad, and you could actually be in pocket after about 10 years.
Plus, energy isn't getting any cheaper. With much of our power still coming from resources that will eventually run out, traditional energy prices will be a lot more expensive in ten years time, than they are today. All of which means an even greater return on your solar power investment as your savings increase.
Even if you sell your home before you've recouped your investment you're still likely to get some of your money back. Properties that use natural energy sources to save on fuel bills are an attractive proposition for buyers, who will pay more for them. The government and other organizations are literally falling over themselves to give you the money you need to install solar panels. So whether it's purely for the environmental benefits, or because you like a good investment, there's never been a better time to switch to natural energy.
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