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a lot
For most people the payback period on solar panels is in terms of decades or never, but that all depends upon the rate of increase of electric power prices. The price per watt of installed solar panels is slowly coming down. I think that current prices are in the neighborhood of $6-10 per watt. To be truly competitive at today's electricity prices it still has a ways to go before it can directly compete in today's market. However......
There are several factors. Note that once you buy the solar panels, your costs are basically fixed. That means that the cost of the energy you are receiving from those panels is frozen because you have already paid for the energy by purchasing the solar panels. For everyone else that is still buying from the electric company, their prices will continue to rise. At some point you will end up paying less than they for the same amount of energy. How long it takes before you are paying less depends on how much your panels cost and how much you would have been paying if you continued to purchase energy from the electric company.
There are promising technologies that may provide lower cost solar cells. These may push the price per watt in a direction to make solar cells more competitive at today's electric prices. That hasn't happened yet. There is also some companies that are making plans to rent solar panels to home owners and the price you pay as rent is to simply pay for the electricity provided by the solar panel at the price your electric company would charge - and the price is then frozen at that price for the length of the lease. The freeze of the price under those conditions is the real benefit for solar panel rental. However, to my knowledge none of these companies are actually delivering to the mass market as yet.
BALL SH*T!
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∙ 13y ago
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How much money can I save by installing solar panels on the roof of my house?
Solar panels can save you several thousand dollars over there lifetime.
Do solar panels really save as much money as they cost?
No, solar panels currently do not save as much money as they cost. However, if you are to keep them in good working shape for 15+ years then you may recoup your investment.
How much money do solar panels save you?
Not much in the short term but in the long term it will save you loads
Residential Solar Panels ?
form_title= Residential Solar Panels form_header= Go green with solar panels in your home! What is your budget for the solar panels?*= _ [50] How much energy is used in your home?*= _ [50] Will you qualify for a rebate when you install solar panels?*= () Yes () No () Not Sur
How much energy saving do you get with using solar panels?
You save about 50-60% of energy when you use solar panels.
Why do you need solar panels?
you dont necessarily need solar panels, but they are good for the envioronment, much easier and way cheaper.
What are the benefits of commercial solar panels?
The main benefit of using commercial solar panels is the following: commercial solar panels are produced in bulk and therefore are much cheaper than the individual ones.
Where can I find more information on installing solar panels?
This website contains much info on installing solar panels. http://www.solarpanelinfo.com/
How much energy per day is produced from solar panels?
This depends entirely on the efficiency and size of the solar panels, and the lighting conditions.
How much does it cost to get Solar Panels?
$600.00-$560.00
How heavy is a solar panel?
Solar panels weigh anywhere from 3.5 pounds to 4 pounds per square foot. Larger panels can weigh as much as 14 pounds. It is important to keep in mind the age of the property when determining how much the solar panels weigh and how much the property can handle.
How much money does it usually cost to set up solar panels to gain energy for your home?
The price of setting up solar panels for ones home depends on how many panels one would like. Of course the more panels, the more electricity is gained. For an average home, the price would be twenty to twenty five thousand dollars for the panels, the converter, installation and wiring.
