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Simply Thrifty

Use Solar Panels to Save Dollars

by Noel on September 12th, 2006

Solar Panels It has been long known that the use of solar energy for electricity is one of the most excellent discovery to aid the government in ensuring renewable supply of electric energy. To make this possible, a station that will harvest and change solar power into its usable form is a necessity.

This is where the solar panels come to the rescue. However, it’s a popular belief that solar panels cost way too much for homeowners to find cost-effectiveness in utilizing solar energy. Just see this price comparison from BioGreenLife:

“The cost of solar panel power per kilowatt hour is admittedly not the absolute cheapest of renewable energies – at around $0.55 per kWh as compared with $0.05 for wind or $0.06 for micro-hydroelectric.”

So, how can one actually save money if using solar panels cost that much? Aside from BioGreenLife’s saying that making sure that the solar panels are working efficiently to provide you optimum results with regards to your home’s energy needs, government programs against the increase of energy costs such as providing federal and state financial incentives are the potential solutions. One of the known states to employ these incentive programs is California.

According to Ronald Mulick, Solartronics’ president…

“Those incentive programs promote the harnessing of solar energy to lower energy costs while at the same time eliminating the incidents of rolling power outages by feeding electrical power back into the main electric supply grid. These programs will rely on converting solar energy into electricity by installing solar panels on homes and commercial buildings.” - Duo Have a Bright Idea About How to Save Money 

I sense symbiosis between businesses and the government. What do you think?

(Image from nrel.gov)

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POSTED IN: Eco Simplicity, Finances, General, Reusing and Recycling

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