If you want to own your electricity and save on your monthly bills, you must switch to Solar Power. But, how much can you expect to pay to install solar energy systems in your home. If you are serious about switching to Solar Power, you would want to know the amount of money you would have to spend.

Do you want to create your own electricity and not pay any monthly electricity bills? In addition, do you want freedom from the ever-increasing cycle of rate inflation where the utility company charges you as per its desire? Currently, the electricity rates are rising by around 5% to 6% every year in most parts of the world. You would have to keep paying out for the increased rates unless you create your own electricity by harnessing Solar Power.

Benefits

You are going to get the following edge into your hands when you install solar panels in your home or office:

1. You would be saving money as solar energy is available for free

2. Break free from the utility company’s price monopoly

3. Make your contribution to save the environment

Why Solar Energy Has Become More Affordable?

– Just 2 decades ago, Solar Power was 7 times costlier than what it costs today. The significant reduction in the price has been brought about because of the development in solar technology. In addition, the growth in manufacturing of solar energy systems has also contributed to the reduction in price because of the economies of scale. This has been possible because an increasing number of people have realized the long-term benefits of this green energy source.

– Even governments around the world have realized the benefits offered by solar energy. Federal, state and local governments in your country can be offering incentives to those who embrace this environment-friendly source of energy. Governments today are more serious than ever before to take steps in protecting the environment and reduce emission of greenhouse gases.

– Net-metering is another reason for making solar energy more affordable. If you have this scheme in your country or region, you can sell back the additional electricity that is generated by your solar panel systems.

What would Solar Power cost?

The cost would vary from country to country and from region to region. This would depend upon many factors such as:

– Your household’s size

– Total electricity used in your home

– The type of solar panel system that you select

– The amount of sunshine and its intensity received in your region

– Government funding

Based upon the factors mentioned above, you can expect to spend something close to the following figures if you want to harness Solar Power in your home.

– A photovoltaic system of 1kW can cost from $8,000 to $10,000

– Solar hot water system can cost from $2,000 to $4,000

An average family that lives in a home with 3 bedrooms would need a Solar Power system with a capacity range between 1.5kW and 3kW. This can cost them something ranging from $13,000 to $27,000 without deducting any government funding. You can take advantage of government programs and save more than 30% on this cost.

If you are serious about switching to Solar Power, you would want to know the amount of money you would have to spend. Check this link to calculate your overall expenses for installing solar energy systems in your home or office.

If you are serious about switching to Solar Power, you would want to know the amount of money you would have to spend. Check this link http://www.solarpower-uk.info/ to calculate your overall expenses for installing solar energy systems in your home or office.

Author Bio: If you are serious about switching to Solar Power, you would want to know the amount of money you would have to spend. Check this link to calculate your overall expenses for installing solar energy systems in your home or office.

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