Buying Solar Panels for Your Home - is it Worth It?

Many people are becoming interested inJust divide the total kilowatt hours (kWh) by the
converting to renewable energy with the intentionnumber of days to arrive at your average daily
of saving both the environment and their pockets.consumption.
Converting to solar energy is certainly one of theYour next mission is to determine just how many
best routes to take, as the benefits are many.hours of sunlight your roof receives on a daily
Join in, and you will see why it is worth thebasis. As a rule of thumb, most places receive
investment.about 5 hours of sunlight a day. Using that as a
Users of home solar panel systems haveguide, let us look at an example. If you monthly
significantly reduced or eliminated electricity bills,kWh is 200 for a 30 day billing cycle, then your
which in itself satisfies most people after theyaverage daily consumption would be 6.6 kWh. As
have installed it. But apart from that, people area starting point, a 1 kW rooftop system can
happy to know that over produced energy fromgenerate about 5 kWh per day, i.e. 1 kW * 5
a solar power system can be sold to the utilityhours of sunlight. Therefore, a 1 kW system
company, thereby negating their utility bills. Fromwould not be enough to satisfy your 6.6 kWh
the environmental angle, solar panels contributedaily needs. A 2 kW system, however, can
significantly to reduced fossil fuel emission,generate about 10 kWh per day, making it an
thereby protecting the environment from furtherideal size for your daily needs.
damage. As previously indicated, the benefits areSo what are the costs? Well, a 2 kW system
many and worth your while. Now, let us take awould cost in the region of $18,000 to $20,000.
look at the costs behind such a worthwhileAs the wattage increases, so does the price. A k
investment.kW system would cost between $35,000 and
The first point to note is that the cost of your$45,000, while an 8 kW system would cost
solar panel system will depend on what it will beupward of $50,000. However, the good news is
supporting. Most households are fully equippedthat once installed, solar panel systems are
with televisions, washers, dryers, refrigerators,virtually cost and maintenance free. Even more
microwaves, computer, light bulbs and watergood news is that the installed cost of solar
heaters. Sure you could run through the painfulpanels is expected to continue to drop as thin film
task of calculating the cumulative wattage for allpanels from companies like First Solar, Nanosolar
of them over a 24 hour period. That exerciseand AVA Solar become available to the residential
would certainly tell you which appliances consumemarket.
the most electricity. However, a much simplerFurther savings can be derived if you purchase a
method would be to consult your utility bill. You billdo it yourself home solar panel system, but
should highlight how many kilowatts (kW) youwhatever route you take, you are bound to reap
used for the number of days in the billing period.worthwhile rewards. Make the choice today.