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Details You Ought To Grasp About Solar Power Costs
There are two important factors which govern solar power cost and these are quite simply, the production cost of the solar panels and the installment cost of the solar system in the home.
Solar panels may well be efficient, eco-friendly and also help save the planet but unless they can compete in the energy marketplace they will never be widely used. A new coal-burning plant can deliver electrical power at $2 per watt and making this the benchmark number that the solar scientists are trying to match.
For the last twenty years scientists have been developing ingenious and cheaper designs of solar panels. It is the Silicone based photovoltaic panels which have dominated the industry and they sell for approximately $3 a watt, but this is before installation.
For a while there was a real shortage of silicone and although the interest in solar panels was increasing, the solar panel producers were not able to fulfill that demand. Now although there is a plentiful supply of silicone, still the process of refining it to produce the semiconductors is a costly process and there are not many facilities that do this. The few factories that can manufacture this refined silicone have a monopoly on the supplies which means that while the demand is high they can keep the price inflated.
The actual price of refined silicone is one of the key factors in the cost of solar panels. The main thrust of research going on today is in improving ways to lower the amount of silicone that is required to produce a solar panel. There is also research taking place with alternative less expensive materials that are equally efficient. There are specific organic materials that have semiconductor properties which can be used instead of silicone.
The cost of installation will vary quite considerably depending on whether you do it by yourself or if you call in a professional installer. To install a solar powered system in your own home using a specialist installer can cost you between $10 - $12 per watt. If you install the system yourself then it will most likely cost you about $4 per watt.
Whilst the initial cost of installation of a home solar power system would still be relatively expensive it is inevitable that soon, given the amazing developments that are taking place, the price should come down. In the mean time, governments around the world are encouraging and subsidizing the use of this particular technology by giving tax savings and incentives for homeowners who install solar power systems.
Therefore if you set up your solar power system yourself at the cost of approximately $4 per watt and then claim all of the tax rebates and incentives that are available in the area, then your solar power cost may not be so far from the $2 per watt standard of the energy delivered by the coal-burning plant.
Fascinating Solar Power Technology Fun Facts
Here is a collection of fascinating solar power fun facts. People have used the sun as a heat source for thousands of years. It is only with the advancements in technology that have taken place in recent years that have enabled us to fully harness this power.
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Looking For The Perfect Solar Energy Panels For The Dwelling
Looking to find the best solar panels for your home? There are some ways to do this. Here, you will discover some great tips to finding the best solar panels for your home!
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