Tuesday, August 18, 2009

Cost of Solar Panels

If you've been thinking about having solar panels installed on your home or another location (perhaps a remote cabin), you could be looking at quite a hefty bill if you want to get completely off the state electricity grid. At this moment, the cost of solar panel cells is about $10-$12 a watt or about $15,000 to $20,000 for an entire home.

Depending on where you're planning on having the solar panels, the cost may or may not be worth it. For example, if you're planning on putting solar panels on a building in remote location where it's difficult to be connected to the grid, having solar panels installed may be a worthwhile decision. If, on the other hand, you're in a city and the electricity bill isn't too bad, jumping into solar planel may not be a good idea.

One thing to keep in mind is that $15,000 cost for solar panels is for professionally installed, commercial panels. If you're able, you could make your solar panels yourself at the fraction of that cost. Through following very simple instructions and videos, you could get your entire home powered by solar power for only a few thousand dollars (now that's a number that's nice to think about). If you're paying about $100 to $150 a month on electricity, you could see a 100% return in your investment in only 1 or 2 years. Plus, once the solar panels are installed, your home's value will skyrocket if you ever decide to move and sell it.

GreenDIYenergy.com is a recommended resource for do it yourself solar panels. For a fairly low price, you can get all the information, resources, and tutorials to do your solar panels yourself. I bought a kit myself and I can say it was well worth the money. I haven't quite yet put up my solar panels but I plan on doing it when the weather gets a bit cooler. If you're anything like me and serious about saving money on your energy bill and doing your share of being "green" I recommend grabbing a solar panel kit today.

1 comment: