Saturday, May 1, 2010
Solar Power Costs - Solar VS Your Electricity Bill
5:58 AM | 
Posted by
ahmed
Developing solar is vital to you. If you are thinking of putting solar on your home, plan ahead. Most people consider a small system like a 3 kilowatt or kw. On average, it would take you five years to pay it off. Some states are giving tax credits. These tax credits can reduce your costs substantially.
For example, look at your utility bill. Take your electric bill of $250.00 per month and multiply that by 12 months. That would give you $3000.00 per year. In two years, you will have spent $6000.00. In five years you will have spent $12,000.00. If you take that money and put it toward a solar system, you might have paid for it within that time frame. A 3 kw system runs about $25,000.00. This system will not run your whole house but is a great starter system.
If you live in Louisiana, that state is offering a 50% tax credit up to $25,000.00. So that same 3 kw system for $25,000.00 has now been reduced to $12,500.00. Depending on your tax bill and your existing electric bill, you could pay for this solar system in five years. There are also federal tax credits up to $2000.00 available from the U.S. government. Recently, the senate voted not to renew those federal tax credits.
Has you electric bill ever gone down? Remember what your average bill is right now. In the example above, the electric bill said the same. In actually, my electric bill has gone up an average of 12% a year. Your electric bill will always increase. It will never stay the same. In 25 years, you will have paid $75,000.00.
If you put a solar system in place and it takes you 5 years to pay for it, you can say you have a stable electric bill for the next 20 years after that. A solar system will pay you back. After the initial costs of the system, you will lower your electric bills and your carbon footprint.
If you think solar is expensive now, think again. Think of what your fuel will be in years to come.
"Earth 4 Energy" The Best Solar Power System That Will Make Electricity For only $49
For example, look at your utility bill. Take your electric bill of $250.00 per month and multiply that by 12 months. That would give you $3000.00 per year. In two years, you will have spent $6000.00. In five years you will have spent $12,000.00. If you take that money and put it toward a solar system, you might have paid for it within that time frame. A 3 kw system runs about $25,000.00. This system will not run your whole house but is a great starter system.
If you live in Louisiana, that state is offering a 50% tax credit up to $25,000.00. So that same 3 kw system for $25,000.00 has now been reduced to $12,500.00. Depending on your tax bill and your existing electric bill, you could pay for this solar system in five years. There are also federal tax credits up to $2000.00 available from the U.S. government. Recently, the senate voted not to renew those federal tax credits.
Has you electric bill ever gone down? Remember what your average bill is right now. In the example above, the electric bill said the same. In actually, my electric bill has gone up an average of 12% a year. Your electric bill will always increase. It will never stay the same. In 25 years, you will have paid $75,000.00.
If you put a solar system in place and it takes you 5 years to pay for it, you can say you have a stable electric bill for the next 20 years after that. A solar system will pay you back. After the initial costs of the system, you will lower your electric bills and your carbon footprint.
If you think solar is expensive now, think again. Think of what your fuel will be in years to come.
"Earth 4 Energy" The Best Solar Power System That Will Make Electricity For only $49
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