Just over a year ago, we took the plunge at my house in southeastern Pennsylvania and covered the back roof with solar panels: 41 of them, to be exact. After 12 months we’ve created 13.8 megawatt hours of electricity while using only 7.59 megawatt hours. The energy surplus becomes a credit on our electric bill, and once per year our electric company issues us a check for any unused credit. So what was the installation and usage experience like? Overall it has been excellent, and I’ll share the pros, cons, and actual costs of our project in an effort to shed more light on any solar panel projects you might be considering.
Our family has always tried to be green when possible. We’re avid recyclers, we tried a small composting project, we use CFL or LED bulbs throughout the house, and I can’t tell you how many solar-powered chargers I’ve tried for my mobile devices. (The most recent one is outstanding.) But we never had the money to “go solar” even though we wanted to. That changed due to a unique financial situation. In the spirit of transparency, I’m going to share the details.
My wife inherited a family member’s IRA account several years ago, and the law required that the funds be liquidated over a five-year period. We got to the final year in 2011 and realized we were going to be hit with a large tax bill on the remaining IRA funds and decided to invest the funds into something with a tax incentive. After much research on solar energy—this is a great site to estimate system sizing, pricing, and benefits—return on investment and such, we decided to go with solar panels, moved in part because our rear roof faces south.
Continue reading the rest of the the article at: http://www.businessweek.com/articles/2012-11-12/one-year-with-solar-energy-at-home-mostly-sunny
My Solar Power System That Power My Home COMPLETELY
Instructions to make solar power and wind power at home. … The solar panels and wind generators that my members created look amazing! …. Solar and wind power systems cost $3000 and the price just rises from there. …