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Thursday
Feb 09th

Solar Power costs less than traditional utility energy

The U.S. does need to get mobilized and tackle the energy issue. The fact is that solar power costs less than energy from a traditional utility. Solar costs have never been lower, and government incentives have never been better. The bottom line is that many homeowners and business owners can afford solar power today. Take your monthly electric bill and multiply by 12 months, then again by 25 years to determine how much you will spend on electricity during the typical life of a solar panel system. Then depending on your energy needs, compare this to the $5,000 to $25,000 cost to install solar panels. For example, if you spend $200 per month for electricity, then you will spend $81,979 over 25 years, including a low annual price inflation rate of 2.5%. No matter how you calculate it, you will save money with a solar panel system. Some so-called experts will say the cost per kilo-watt (kW) for traditional utility energy is less than the cost per kW of solar. Remember, you can pay the utility for 25 years, with annual price increases, or you can pay 80% less with solar power. If you are worried about the upfront cost for solar panels, there are many financing and leasing programs available if you are a homeowner with good credit. Some loans are tax-deductible too. Do something about this today, then visit a site like FreeCleanSolar.com to search a nationwide network of 500 local solar installers. You can also find information about state solar rebates, federal tax credits, solar financing and leasing, system costs and the benefits of going solar. The bottom line is that many homeowners and business owners can afford solar power today.

 

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