Thursday, 18th September 2014

Installation – The Reason Behind Increased Solar Power Cost

Posted on 22. Jun, 2012 by in Solar Panel Installation

Installation – The Reason Behind Increased Solar Power Cost

Installation – The Reason Behind Increased Solar Power Cost

 
Solar power installation costs is filled with variables. Technologies are ever-changing and process improvements have led to the development of newer and better products every day. None of this has ever been easy to quantify it. The burning question is always "What will it cost?" We begin by defining our current energy consumption. Examining an energy bill will reveal monthly kilowatts used, roughly what one needs to produce throughout a year to sustain a particular lifestyle. Focusing on the highest kilowatt month is a good rule of thumb. It's always better to over-estimate than to under-estimate power consumption requirements.
 
Make the switch
 
Once an individual is aware of the annual usage he can take steps to reduce over consumption. In turn this can help significantly reduce the cost of a solar installation. Lowering the energy usage requirements lower the need for more Solar Power Cost to implement the changes can be measured in hundreds of dollars however the recommended changes will help to save thousands. Once implemented, the energy efficiency proposal will lessen usage. At this point one can determine the number of PV panels needed to create ample energy to operate his home. This compared with the original consumption requirements reveals a distinct reduction in the number of solar panels required for purchase.
 
Choose Carefully
 
The next step is to determine if solar energy is the best option. If combining technologies would lower solar power cost and be more cost-effective then so be it. Where sunshine is ubiquitous and the cost to condition the air is modest, solar energy is the model solution. If, however, the cost to condition a home is a considerable undertaking, contemplate merging technologies. For example using a geothermal heat pump to condition the home in addition to using solar panels, or if wind energy is abundant then combining solar and wind is an excellent option.
 
The number of panels needed also depends on the panels' efficiency rating which is a measure of the number of hours of direct sunlight and the kilowatt requirements. PV panels are all rated differently. These differences add up when multiplied out across many panels. Understanding the differences requires due diligence but will return great benefits when applied.
 
Rebates
 
Consider the option to finance or lease a system when making a transition to solar power. Tax incentives and rebates are most likely options the federal, state and local governments offer. Utility companies may also offer rebates or incentives to invest in green technology. Research what products qualify for these rebates and incentives. Depending on the state savings could be as high as 50-80%.
 
Independence
 
Once energy independent, the energy produced by a renewable solar energy system will continue with very little additional cost for decades. These annual savings can be applied to the initial solar energy costs and still there will be a savings. PV panels typically have 20-30 year warranties and maintenance costs are low – basic cleaning is needed to maintain the greatest efficiencies in solar energy production. In addition properties with solar systems in place are highly marketable and tend to increase in value depending on the realized annual savings.
We all need electricity if we want to participate in modern society. Today electricity powers air conditioners, water heaters, telephones, televisions and Internet connections just to name a few. The global demand for energy grows at an alarming rate each year and with it pollution increases dramatically. Natural resources are being depleted workers are exposed to hazardous conditions and other threats loom around the corner.
 
To mitigate these environmental threats alternative energy resources are being developed by scientists world-wide. Assimilating solar power into private homes and commercial buildings is on the rise and the demand for renewable energy is mounting as well. Advances in technology have identified improvements in the production side of solar technologies however installation costs remain high.
 
Solar panel cost depends on choices. Higher quality product and installation service determine the life span of a PV panel installation. Pre-manufactured solar arrays can cost up to $1,000 not including installation. A small home installation can typically cost $22,000 but will include the entire system. A medium home installation may cost $30,000 while a large home installation might be as high as $45,000. These high installation costs are directly associated with the fact that alternative energy sourcing is an emerging technology. Advances in solar technology however have improved durability as well as made PV panels more efficient and are helping to lower the cost.
 
Other factors must be considered when exiting the non-renewable energy market. Who will provide the service and installation? Are they trustworthy? What are the choices for solar panels in terms of cost and efficiency? How long before value will be realized? How long before they must be replaced? Are there better technologies around on the horizon?
 
The cost to install solar electrical systems will eventually decline as supply increases and demand levels out. Consider the alternative, which includes a permanent utility bill equipment purchases and replacements. Remember, as long as there is sunlight, solar panel technology can generate electrical energy. Solar power is safer, cleaner, and in the end will be less expensive. When the demand for solar services and supply increase, economies of scale will lower the cost.
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