Powertech-Solar

                               

How To Choose Better One For Your Place

Thinking of an alternative source of energy to power up your home or the company? Contact us to feel the money you spent on us is worth! Our all-time priority is to provide our customers with best quality installation. Just to make it real, we use German technology making the outcome is so much satisfactory. Once we choose your need, you can just relax because our team will take care of the entire process and we make sure we monitor, manage and maintain your solar power systems throughout the lifetime.

                 

How Much Money Does Solar Actually Save??

Solar panels themselves are now a global product. There’s tremendous variation in the cost of solar panels based on the type and efficiency of the solar panels. However, the type of panels used for residential solar installations is fairly standard and the cost is basically set globally. That cost has fallen tremendously within the past few years. Solar panels now about half the price they were in 2013 (a year before this article was first published). In 1979, solar panels were approximately 100 times more expensive than they are now. In 1977, they were approximately 200 times more expensive.

The average weekly spot price for polysilicon solar modules this week is $0.37/watt. Another source also pegged it at $0.37/watt at the end of 2017. When I updated this article on July 15, 2016, the average weekly spot price was $0.49/watt. In 2015, the average price was $0.62/watt.

Another well-known source in the finance and energy industry, Nerd Wallet, had this to say about savings with solar panels. “On average, installation and the system together can run between $15,000 and $25,000, according to the Center for Sustainable Energy… Location largely affects electricity rates. The national average is about 13 cents per kilowatt-hour, according to year-to-date 2021 data from the U.S. Energy Information Administration.” 

Their article reminds homeowners of the 26% tax credit that is available if you install solar panels before Dec 31, 2022. And that solar tax credits and incentives like property tax exemption, cashback, and expedited permits may be available depending on your city and state. 

Solar Reviews says “The average 6 kW solar panel system installed anywhere in the country will save you about $1,500 on your electricity bills annually.” With the average homeowner paying about $1,390 in electricity every year, why not install solar and put that money back in your pocket?

Welcome Arcadia broke the costs down even further by stating that the average homeowner can expect to save about $100 per month. Their article states, “That means installing a solar panel system that can cover 100% of your needs would result in over $100 in potential savings every month.”

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