Are solar energy benefits actually worth the huge outlay required to set up solar in our homes? I always doubted it, and yet now I'm sure that they are.
As the price of power consistently goes up every year, opening our power statement regularly results in a sense of stress and almost panic. Now the press informs us that the electric provider has once more succeeded to award itself a further price increase. Although leaving civilization and existing in a forest is out of the question, I have started to very seriously take into consideration the possibility of installing solar. Is it actually plausible for me? My cynical wife has informed me that this is too challenging for me to do and that the price may be greater than the solar energy benefits. So strong is my desire to prove her wrong, that I set about to determine if it really is achievable as well as inexpensive to assemble a solar panel.
I've heard about well-off homes which are so well set up with solar, the house owners create income selling electrical energy to electricity suppliers (Do you think the homeowners could vote themselves a price increase?) Imagine my surprise to discover this is turning out to be a seriously doable business enterprise. There are many books to choose from helping individuals to learn about reselling energy back to the power supplier.
I realized that there's a large difference between using the sun to create heat, for example warming the swimming pool, and using the sun to produce electricity. Solar power technology is referred to as photovoltaic, or PV, but harnessing the sun to create heat is recognized as thermal. Thermal is more straightforward compared to photovoltaic, but it can't produce any electric power. It will allow you, however, to warm up your home or your pool, which is what has been going on in European countries for a while now.
European cities have been able to use this kind of solar technology to replace 15 per cent of their home's heating and cooling. This is somewhat of an achievement taking into account that 50 per cent of most power in Europe is used for cooling and heating. This statistic can be expected to rise over the next twenty years. Public credits can make the whole venture more cost effective.
There are very much the same solar energy benefits here for new installations. You can get the federal business energy investment tax credit (ITC) or collect a grant from the US Treasury Department instead of taking the PTC. The sum spent on solar power generation might soon be refunded to you within 3 to 5 years.
Developing a solar panel isn't something to settle-back and consider for too long, as a lot of of these grant opportunities are due to expire by October 2011. Anyway, simply why would you want to keep on handing over hundreds of dollars to your electric supplier when doing your own solar power generation would probably keep that money for yourself instead?
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