Affordability – not an issue anymore for home solar energy
Home Solar Energy is very much affordable in 2017. Here are some reasons:
- A 2012 Harris Interactive poll discovered that 97% of Americans believe that the cost of installing energy in their homes is much more expensive than it is.
- The same poll found 77% of homeowners would install solar panels if it were more affordable to them.
- The US Government, non-profit organizations, and private companies are now working aggressively to make solar power more affordable.
- In 2011, the US Government set up the SunShot Initiative to reduce the cost of solar and make it is more accessible for homeowners.
- The organization’s goal is to decrease the cost of solar electricity to $0.06 per kilowatt-hour (KWh). They target “soft costs” like installation, financing, and permits.
- In 2014, the Department of Energy announced that SunShot already accomplished 60% of their goal.
- 2017 update: SunShot $1 per Watt Solar Cost Goal: Mission Accomplished, Years Ahead of Schedule
Many things have developed together that makes Solar a viable option for home owners
- New solar technology and building integrated photovoltaics have started to reach the masses
- The price/watt of solar panels and related components have been reducing significantly over the past ten years
- As mentioned above this is a ripe moment to take advantage of Solar incentives provided by the government
Some California based start-ups are even developing a new cutting process that reduces waste during solar panel production.
New technology significantly reduces the cost of making solar panels, making them much more affordable to homeowners.
In 2017, most homeowners are paying between $3.00 and $3.60 per watt to install solar. For e.g. considering a 6KW system in the state of New Jersey (NJ) the average gross cost of solar panels before tax credits can range from $18,000 to $21,600.
These developments will make solar power even more affordable for more people, but you may find that now is the right time to request a quote.