Wednesday, March 15, 2017

Solar Power Technology

Have you noticed walking through your neighborhood that more and more people are getting off the electricity grid and going solar? For years, I've looked at the prospect of an environmental friendly alternative to traditional electricity generation and have always come up with the same conclusion, solar power is just too expensive for the amount of power that you can generate. Things have changed and solar power has become much more attractive to the average home owner. Home owners with high electricity demand whether it be from having a large family, swimming pool pumps running, mkedical equipment, air conditioning units, electric vehicles, or a host of other power eating devices can benefit by reducing their effective energy rate through either a full or partial conversion from the electrical grid to solar power on their roof tops. To understand what has changed, we need to look at the industry as a whole and at the technology involved in solar power generation.

In the United States, the United States Federal Government provides homeowners with a 30% Federal Tax Credit to incentivize the movement to a greener environmentally friendlier method of generating power for your home. Much of the electricity that we consume comes from coal, hydroelectric and even nuclear power generation. Once produced, this power travels hundreds of miles through high power lines, transformers and substations in order to make it into your home. All of this comes at a cost. Solar panel on your rooftop nearly eliminates the dependency on the grid. Instead, power is generated on your rooftop through photovoltaic panels and travel 10 to 20 feet into your home. Power that you use is yours, power that you don't use goes back to the electric grid and is used as a credit in a process called net metering. Other factors that have made solar power more attractive is the advances in technology. Photovoltaic panels have become more powerful with some exceeding 300 watts per panel while at the same time shrinking in size with the advances in efficiency per panel. The bottom line is that it takes less roof space to design a system that can offset your annual electrical usage. Finally, solar companies are working hard to encourage the average homeowner to generate their own electricity. Nearly all solar companies have designed financing programs to fit almost any household. These financing programs are typically no money down and you can acquire the solar system on a purchase, financed purchase, lease or Power Purchase Agreement where you pay the solar company for the power you consume at a rate lower than the utilities in your area. Leading companies are providing 18 months same as cash financing until such time that you receive the tax credit and determine if you want to pay down your system or pay a higher rate and keep the fund from the tax credit. As you walk through your neighborhood, keep your eyes on the roof tops and you will see more and more people switching to solar. Through the years, I have taken a hard look at solar and have found that the time is now given that each month I would save money even after financing a solar system. Adding up the Federal Tax Credit and financing programs through your solar company or third party lender, solar will almost always save you money.

Wazir Khan Email. wazirkhanakakhail@gmail.com, Skype ID, lalakhanjee Thanks

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