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Why do most people still pay for their electricity through the local power company instead of installing solar panels on their homes?
Wiki User
∙ 13y ago
Generally its a cost related issue, or a lack of knowledge of the benefit of solar power. It has a large initial cost, but generally the payback is between 7 to 10 years depending on where you live, rebates and type of electric pay rates.
It can also be a matter of convenience, and space. Many people just don't want to have to bother with one, and some people just might not have anywhere to put one.
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Many areas have no payback period. In some areas we get as little as 150 watts per day from 75 watt panels. This means payback on these panels is well past their expected lifespan. The panel set installed on my home has a projected payback of over fifty years.
This doesn't mean that they are bad in all applications. Care must be made when deciding of the concept works for you. Areas to avoid include warm areas as heat degrades solar panel operation and lifespan by large amounts. Far Northern or Southern areas that receive less sunlight are also a bad idea.
Some local utilities are also not required (as of this date) to perform net metering (most large utilities must). This would then require large and expensive banks of batteries. Mine complete system (self installed) was over $10K and provides over $3.00 a month in total energy. It is a wonderful backup system, but does require a fair amount of maintenance,
Wiki User
∙ 13y ago
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Which wire ensures that electricity will flow through it when flowing downhill instead of in people?
Seems to be a joke question...Of course properly and well dimensioned insulatedwires
