Ask a Query - Save Money – Use Solar Electricity


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	Save Money – Use Solar Electricity

Villages incur higher costs for drawing power from the closest power grid than the cost incurred on solar panel power. And this difference is increasing rapidly. Besides lot of homes, rural and urban are opting for home solar panel system to provide backup power whenever there is a blackout or other crisis.

While the cost of solar panel power/ kilowatt hour is not the lowest amongst renewable energies, it is still a lot cheaper than the traditional electricity, which shows a marked increase of 10% annually. The only condition is you have to do it properly.

If you have been thinking about fitting solar power in your home, then remember that if you intend that solar power should meet energy requirements of your entire home, the cost of solar panel may be quite high.

As the cost of each solar panel is about $275-$600, and one solar panel generates about 50-200 watts of power daily (based on various factors) it is not always economical to power your whole home only with a home solar panel system.

But despite that, you can significantly lower your home power costs and can also help you earn some money by adding to your current power sources, by using a home solar panel.

To calculate the cost of solar panel systems for providing additional power for your home, you should carry out an assessment of the quantity of power you want your solar panel system to produce daily (energy audit of your home). This can be done by adding together the wattage needed by each electrical item like light, TV, fridge, etc. present in your home.

This will give you a fair idea of those items that require the least power and those that consume the most power. You will get a more precise picture about your total cost of solar power.

After you’ve generated a list of electrical equipment that you intend to power with solar energy every day, compute the total wattage you need for them during one day. This will let you decide the number of solar panels, and hence the approximate cost of solar panel you’ll incur.

But if your home is not linked to any power grid, and want to find out the economic viability of your energy choices, then go for “the half-mile rule”. If the power company needs to fit more than half-mile of equipment to transmit power to your home, then solar panel power (or wind or hydro too) will work out a lot cheaper.

But if it is less than a half-mile, then it is worth opting for the grid. However if after some time the rates go up, you might opt for solar panel system. Also despite being connected to the grid, you can fit a smaller solar panel system, as a backup to provide additional energy. Besides the cost of solar panel system, will definitely be far less.

Besides the cost advantages of solar usage, you also enjoy a cleaner environment (as well as a cleaner conscience). Actually, the cost of avoiding the use of solar power is higher pollution and exhaustion of natural resources is lot higher than the cost of installation of solar panel systems.

Lastly, it is possible to recover the cost of solar panel systems in two ways. You can sell the excess power generated to the local power company. Another way is for a limited period, the IRS offers tax credit on the cost incurred in installation of he solar panel system for home use, for the person living in US.

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