Monday 16 June 2014

Solar Panel Prices And How Much You Save

Do you know the number of people worldwide who survive without any access to power (electricity)? It’s, as many as, 1.5 billion. For them, solar energy is one of the best options. It not only generates electricity without harming the environment, but it’s cost-effective, as well. Moreover, it helps in creating new opportunities, in terms of economy. Although the initial solar panel prices for installation can be higher than generators, they are affordable and efficient in the long run. This is because; the fuel for powering these panels is available free of cost and in abundance. Also, there is no or very little carbon footprint.

Costing of solar panels

Solar panel prices and power depend on two things – location of your home and design of the panel you select. The equipment cost is near about 45 percent of the entire costing. This includes – solar panels, power inverter, mounting hardware and wiring. Installations, as well as, permitting charges are about 25 percent. This includes – installing of the systems and getting permits from the local authorities. The operational costs are around 30 percent. This includes – monitoring, repairs and maintenance. The costing for using solar panels might vary from place to place. Therefore, it is recommended to inquire about the same before buying.

Account your savings

After installation of solar panels in your home, you will realize that the solar panel prices lesser than that of the conventional electricity connections. So, you will be able to save a great deal when paying for your monthly electricity bills. However, how much amount you will save depends on you. There are a number of families, worldwide, who have switched to solar energy from electrical energy. The reason is not just that harnessing the former is cost-effective, but they are eco-friendly and helps in the development of the economy. So, are you also going solar?

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