Installing solar panels requires a big initial investment. Before I make this investment I want to check to see if the money I will save by installing solar panels will actually pay for this investment, in the long run. To calculate my savings, we should consider the area (square feet) I currently have available to install solar panels. Look at the available sunlight and its intensity in my state each month of the year. Based on this data estimate how much energy my solar panel will generate. Then compare that with how much energy (kWh) I currently consume based on my electricity bill.
you have a really good formula for figuring out what you will save. as long as you dont live the the arctic during the winter months you should be fine! this investment will definitely pay off in the long run and help the environment. just like the other guy said, the utility company would have to pay you back any excess energy you produce that you dont use! you can calculate how much your average electric bill is and then compare by how much you would be saving. you can multiply the number by 5 and 0 years and so on to see how much you would save ultimately! this is a great way to save your own money and never have to be dependent on the electric company again! yes you will definitely need a battery to hold a charge for overnight use good luck!
SIMPLE, EASY WAY TO KNOW EXACTLY HOW MUCH IT WILL COST. Everyone has great answers, but here is a website that will do all the thinking for you. Go to: mercator.nrel /imby All you have to do is to locate your property on the map, draw the outline of the solar array, and then click Run. It will estimate: - Cost - Available Rebates - Tax Credits - Estimated payback This program is operated by the National Renewable Energy Laboratory. Good luck!
Only by doing the calculations (figuring out how much you electricity bill is per month now and calculate how much time it will take to get to the figure of your solar panels. Don't forget to add a couple of percentage points per year higher(since when has electrical costs gone down)? and do the addition. That is when you will pay off the solar panels, as their power is free.
Your school spend $0,000 per month or per year?? Photovoltaic (Solar Panel) panels have a really large initial capital investment. If you live in a location (e.g. West Coast Desert, SoCal) where there are many sunny days so you might be able to break even quicker. Also note ,there are state and federal grants that can help ease the capital cost. Energy demand keeps going up so expect our current rates to double. People who have alternative forms like wind and solar will have the advantage when this time comes. Just think of when the US had it's oil crisis in summer of 2008, people with small efficient vehicles such as Prius's didn't feel the price increase like the people who bought cheaper large SUV's.
