Solar Panels Are More Economical Now

The cost of power to our homes appears to be continually rising. For the first time ever this winter our quarterly electricity bill topped the $1,000 mark. Talk about nearly fainting when I opened the letter!

What it certainly prompted was a serious look at the possibility of installing solar panels on the roof of our house. In the past the cost of solar electricity installation was always too high to justify, given that the projected time it would take to recoup those costs was over twenty years. Recent electricity price rises has significantly reduced the expected time that it should take to make back the difference.

Living in a country where the sun shines for a vast majority of the year means that we are in a pretty good position to stick the photovoltaic cells onto the roof and hooking it into the system. Also, the efficiency of those cells and the rate at which they are able to convert the sun into usable power is increasing as technological advancements are being made, making it an even more attractive proposition.

Recently the government, in their wisdom, discontinued the rebate scheme that would help homeowners install solar panels in their homes. This means that we have missed our opportunity a little bit, but the option is still open to go ahead and do it for a little more than we would otherwise have paid.

The thing is, I am pretty sure that the electricity bills that I will be seeing in the future are going to be higher, not lower, than the last one and if that’s the case then our family is going to have to find ways to cover the rising costs. A one-off outlay that will reduce the costs in the future, not to mention possibly earn a little bit of money when we don’t use as much as we make, could ease the situation a little bit.

It’s now up to me to come up with an option that will both provide a significant proportion of our electricity requirements at a cost that is reasonable.

Here is an example of what might be possible, and I’ll grant you, I’m scaling things a little. Ikea has built a solar-energy project at a store a week ago. The system featured 2,600 solar panels that will apparently produce enough electricity to power 84 homes. This means that it will take 30 panels to power a single home.

This is certainly something to think about when looking to add solar electricity to the roof of the house.

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