Residential Solar Electric Installations Are Becoming More Affordable

Since August of 2009, I've been very fortunate to have photovoltaic (solar power) generation at my home and highly recommend it for anyone interested in lowering operational costs.  Most people would consider it a major investment.  However, the overall cost of solar panels have dropped considerably over the last four years.  (A second photovoltaic system was placed in operation at my home in September of 2012.)

One company that helps me to offset my cost is Sol Systems.  This company finds states that offer Solar Renewable Energy Credits (SREC) payments and sends me a check approximately once every three months to help offset the cost of my two installations.

Installation and material costs can vary widely depending on the available tax incentives for your area, and whether you're able to install the system yourself or need to hire a solar contractor.  Getting a cost analysis for the type of installation and estimated return on investment (ROI) are highly recommended.

Although the two solar arrays I now have installed at my home were a major investment, I estimate my system will pay for itself within 15 years.  My first solar array (series of panels) are in a stationary position on the back section of my roof---out of view from the street in front of my home.  However, the second photovoltaic array is mounted on the side of my home facing an alley.  Depending on where someone is standing, that second array can be easily seen from the street.

Also, any excess solar power generated is put back into the electric grid for other homes to use.  Being tied to the electric grid, my solar electricity gets to be shared with others and helps to reduce my monthly electric bill.  Dominion Virginia Power offers a watt-for-watt credit for residential solar electric producers.  Just think of it this way: one watt of unused solar electricity can be used as one watt of credit toward any electricity my home may need from the electric grid on a cloudy or rainy day.

Immediately below is my rooftop solar array.

 Below is my second solar array located on the southwestern side of my home facing an alley.