Verengo Residential Solar Panels Can Pay for Themselves

Many homeowners erroneously think that solar panels are too expensive to install on their home. The truth is that, according to Fox News, solar panels have decreased more than 20 percent just since 2010. The federal government and many state governments have offered additional savings to residents who purchase and install solar panels on their home. These credits are offered because solar energy is proven to be better for the environment than other forms of energy. In California, many homeowners are finding Verengo residential solar panels to be an affordable option for them. Below is a list of some great ways that solar panels can actually pay for themselves within several years.

Free Energy
First of all, it is important to mention that solar energy comes from the sun, which is both abundant and free. The Verengo residential solar panels can collect the rays from the sunshine during the day and convert that into electrical solar power. This solar power can be used to operate some or all of the appliances, lights, and electronics in the household. No government agency can regulate how much energy can be produced by a homeowner and since it is free to collect, homeowners never have to worry about a price increase.

A Solution to Economic and Environmental Issues

In these uncertain economic times, many homeowners are just buckling down the hatches and hoping for the best.  Many people are drastically reducing the amount of money that they are spending, only to find that bills are just continuing to soar higher and higher.  Electricity is one of the big ones.  Fuel supplies are diminishing, which means that costs are rising.  In order to regain stability, many prudent homeowners are seeking out better options.

Solar power today is a far cry from the archaic systems of even just 10 years ago.  Today, solar energy is trusted as a primary power source in many homes.  Modern photovoltaic systems are changing the way that people think about renewable energy.  It is no secret that it is extremely important to adopt a new system for generating electricity on a global scale, and now there is finally a very real and legitimate solution – the sun.

California Rebates Offer Cash Back For Installing Solar Power

Solar power has proven slow to catch on with consumers. High installation costs have prevented solar power systems from being widely adopted. No one wants to pay for a source of energy that could cover only about ten to 20 percent of total energy costs at such expense. Measured in 2010 dollars, installation costs were as high as $12 per watt in 1998. They fell to $7 per watt in 2010. (1) They are even lower now in 2012. However, they are still too high to convince most customers to purchase solar power systems.

The American Recovery and Reinvestment Act of 2009 introduced a federal tax credit for solar power to the tune of 30 percent of the installed cost. This effectively reduces the cost of installing solar power. Multiple states like California have local tax incentives to nudge consumers in the direction of purchasing solar power capacity. California has a booming solar market thanks to state goals and incentives.

California, especially southern California, receives a lot of sunlight throughout the year, especially in the summer. The National Renewable Energy Laboratory estimates that California gets about six kilowatt-hours per square meter per day. (2) This is consistent with the NREL’s estimate for other southwestern states like New Mexico and Arizona. California is thus positioned to reap plenty of electricity savings and environmental benefits from solar power.