What is the cost and savings of installing solar panels for your home?
It's estimated that it costs most homeowners $16000 to install solar panels. You will not see any benefits until about 25 to 30 years from when you installed the panels.
Technology is always changing with solar panels. The use of panels can help to provide a limited amount of electricity which will help reduce your costs. The initial cost of the panels and related equipment will be a burden that will need to be factored into your cost savings evaluation. The pay off will not be quick.
In the long term installing solar panels is worth the money. For example, a household of 2 adults and 3 children, before they got solar panels their monthly bill was $200 (AUD). But after they got solar panels their monthly bill was $45 (AUD). That was a saving of $155 (AUD). The solar power altogether was $1800 (AUD) so in a year the savings in the power bills would equal $1860 (AUD). Thats $60 (AUD)…
Solar panels are good for relatively low-power applications where getting a supply from the grid would be costly or difficult. For example, remote buildings, signs, temporary or mobile equipment. In residential applications, however, compared to the cost of electricity from the grid, the power generated by solar panels is not sufficient to pay for the cost of the panels and their installation.
(amount of kilowatts used in 5 years X Average price of kiliowatts) - Cost of solar panels. Typical payback of solar panels is measured in decades, not years. Most solar panels will not recover their installation cost as of yet. They will degrade before the payback point is reached, unless you receive generous subsidies from the Government.
What kind of energy output per dollar invested can a consumer expect from solar energy installations today?
There are different benefits to using solar panels for a home. For instance financial and energy benefits. The cost of electricity for a homeowner using solar panels will decrease since they use the sun for energy in the home. Also the environment will benefit from a user of solar panels since they reduce the amount of carbon that is released into the air.
If it replaces power that would otherwise produce carbon dioxide, then it must do so, because it does not emit CO2. This is not taking account of the process of manufacture of the solar panels-this may cause some pollution. Addition: The CO2 cost of manufacturing solar panels is cancelled out in just a few years of using the solar panels for energy, whether they are photovoltaic panels for electricity, or solar thermal panels for heating…
Depending on how you obtain the solar energy (for example, are you receiving it from a power company that harnesses the energy and distributes it across your area, or do you have the means to harness the solar energy-i.e. solar panels on the roof of your house). If you harness the energy yourself, then then there is no cost, except for the cost to buy the solar panels and have them installed. If you get…
Fukushima Generates around 13,000 Mega watts of electricity. You need 434 Solar Panels for 1 Mega Watts. Calculation 434 Multiplied by 13,000 Equals to 5,642,000 Solar Panels. Cost of 1 solar panel 3,500 $ So 3,500 Multiplied by 5,642,000 = 14,747,000,000 USD. A single Nuclear Powerplant costs 400 Million USD.
There are no cons to saving our planet. Many con games are out there that promote energy conservation. Solar panels, for example, offer zero energy savings and cost more energy then they ever provide. This means that putting solar panels up actually hurts our environment, but feels good. REAL energy conservation, based in logic and science is always good.
Current solar panels aren't all that efficient (the highest has been about 33% efficiency, but most production panels are lower than this), and also they require a fairly large upfront cost to install. However, the installation cost is paid off during the life of the panels. The advantages far outweigh the disadvantages of solar, and there are way more disadvantages to fossil fuels than there are to renewable forms of energy like solar.