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Planning & Budgeting for Solar Power

Planning and Budgeting is important aspect of acquiring a solar power system. The cost of a solar power system will vary depending many factors including: How big is the structure? How energy efficient is the structure? What is the average electric bill? What is the orientation of the structure? North, East, South, West? How much roof area or ground space is available? What is the latitude? What are the critical loads? What are the potential energy demands? How much of the total energy required is expected to be provided by the solar power system? What unique site issues apply? (Roof area limitations, shading, soiling, snow & ice, etc.) What are the potential energy demands? How much of the total energy required is expected to be provided by the solar power system? What unique site issues apply? (Roof area limitations, shading, soiling, snow & ice, etc.) As a solar power consumer it is important to ask these questions, the questions above will give you a better idea of what to ask when meeting with a clean energy installer. It is always recommended that you prepare for a meeting before you call a solar power installer and answering the questions above will help you establish your goals and help an installer figure out your...

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Solar Panel Warranties

Why do solar panels manufacturing companies offer a warranty period of at least 25 years? The average solar panel has a life expectancy up to 30-40 years. Since there are no moving parts with a solar energy system, nothing wears down. Therefore as long as the panels are cleaned at least every 6 months, the performance of your system should exceed your expectations. Cleaning a ground mount system is much easier since the panels are easily accessible. A garden hose with a bucket of water and soap is all that is needed when cleaning a solar panel system. Cleaning panels becomes a more difficult chore with a roof mount system because working on top of a roof becomes dangerous and typically a consumer must hire a service provider or window washing company to get up there and clean the panels. When making a decision for going solar, maintenance is an important factor in selecting between a ground or roof mount...

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Solar Energy protects you from inflation.

Isn’t it interesting that the US Government excludes food & energy inflation when calculating consumer price index (CPI) — the average price of consumer goods and services purchased by households. Realistically the price for energy has been increasing on a yearly basis. Natural gas over the last 30 years in the residential sector was 7.54%. Electricity has been increasing 4-6% per year depending on where you live in the USA. Consumers who purchase a solar energy system, solar photovoltaic (electric) or solar thermal system (solar hot water) they are protecting themselves from inflation. Adding energy inflation to a solar energy financial analysis is a very important factor because only then you can see the true payback period of a solar energy system. Locking in the rate you pay for energy is one of the best investments you can make. The booming world population coupled with rapidly developing countries has created a global power play for energy resources, moving forward the cost of energy is predicted to skyrocket, will you have energy...

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Financing Clean Energy

Going green isn’t cheap; the cost of a renewable energy power generation system is a high ticket purchase. With the average residential solar power system costing about $30,000 more financial institutions such as banks and credit unions are offering Solar Power loans to help consumers finance their renewable energy power systems which eliminate upfront costs and offer low monthly payments that are competitive to your existing monthly energy bill. Creative loan packages are being offered to consumers, for example Austin Energy, a community-owned utility in Austin, Texas, offers low-interest, no-fee loans up to $20,000 for the purchase and installation of PV solar systems, payable over 10 years with no prepayment penalties. Interest charged on loans made to purchase renewable energy power generation systems can be also deducted from taxes which makes the though of financing a system even more attractive. The #1 way consumers are purchasing residential solar power generation systems is through a home equity or lines of credit offered by banks, In many cases the loan payment is similar to the amount the consumer will be saving on their utility bill, which results in an immediate positive cash flow. According to Borrego Solar, a leader in installing solar power generation systems, there are a number of ways to finance a commercial solar power system. These include Property secured loans, Capital equipment loans, SAFE-BIDCO energy efficiency loans, Equipment secured loans, 3rd party...

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Solar Power Rebates and Tax Credits

Rebates and Tax Credits make renewable energy power generation (solar energy, wind power, hydrogen fuel cell systems) affordable. Rebates vary state to state and they can have a significant impact on the final cost of a renewable energy system, a consumer should study them carefully and understand what incentives are available. Typically a service provider who has experience installing in your state can advise you on the rebates, but it’s always great to double check what a service provider is telling you. I’ll tell you where the service providers go to learn about rebates and tax credits. DSIRE is a comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency. The website provides rebate & tax credit information for the following technologies; Solar Photovoltaic (Electric), Wind Power, Solar Water Heating, Biomass, Solar...

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