will at least consider them for their home electricity? I've seen several articles that new technologies are now being used, but it doesn't seem to be promoted to residential apps. I've even seen that the solar technology will be used in paints in the near future.
Solar panels are cost effective if they are used over their payback period. The problem is that the down payment is expensive, and the payback period is maybe 0-20 years, so very few people actually expect to own their homes for 0-20 years. It also only really makes sense in areas that buy back electricity generated during the day when you're not using it. In Germany and other european countries, power companies are required to buy back electricity at a higher price than they sell it for--this reduces the payback period and is a great incentive for solar panels. For this reason, they are much more popular over there. Given a little time for the price to fall and given some change in energy policy, solar panels will become more cost effective in the future. Depends on who gets elected, though. There is a solution to the payback period problem, though. Rather than homeowners taking on the long payback period in homes they may not own long enough, some companies are buying panels and leasing them to homeowners. In exchange, homeowners get reduced electric bills, that pay off the lease payments, plus a little extra. I think this is the way to go. check out the link below.
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As the cost of fossil fuels continues to rise, solar panels become of more value. At one time they were looked on as a rather expensive investment with only a long-term pay off. Now oil is so expensive other sources of power such as wind, solar panels and geothermal energy become relatively cheaper. The efficiency of solar panels is expected to rise so that even in regions where sunlight is limited, these become a realistic investment.
I know 4 families that not only power their entire homes with their panels (including their AC during the summer), they contribute electricity to the grid and have a negative electric bill. They also got a big rebate from our local electric company, SoCal Edison, for installing the panels. Maybe the worthiness of solar panels depends on how many days of sun the roof of your home gets during the year.
