solar panels for your home
Thinking of installing solar power for my house. What am I looking at cost-wise?
After having a conversation the other day, I was thinking seriously about installing solar panels for my home. I just bought the home this year, and plan to live here for a very long time. The house is located in Texas. I plan on residing at this house for a very long time, which is why I am considering this.
I’m looking to completely eliminate my monthly electric bill, which averages about 350$ monthly. I also heard there may be some kind of government rebates and incentives for powering your home with solar power, as well as the possibility for electric companies to pay you for surplus energy.
Basically I am a solar power newbie and need a complete rundown of the whole thing to make an educated decision. Any help would be appreciated. Thanks!
A roof filled with pv panels will run you about $30,000. If your state has good incentives, you will be looking at a total out of pocket cost of $15,000, with a pay back period of close to 20 years. If you want maximum benefits with solar panels, cover your roof with pv, and leave enough room for 3 solar thermal panels for domestic hot water and have a heating element installed to pre-heat your air for hot air heating.
A solar thermal system costs roughly $10,000 to install and payback is less than 10 years. Combine both of these and your about set. Unless you live on the coast, wind power is just about useless to you. But if you do live near the coast, you will need the wind power. Good luck
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