10 REASONS TO INSTALL SOLAR

10 Ways to Leverage Solar Panels to Reduce Your Electric Bill

May 6, 2012 (Compare Electricity Rates)

“…The advantages and savings [of residential solar] ]can be significant and quickly offset the installation cost…[Federal incentives] help offset the cost of installation…[allowing] lower energy cost in a shorter time frame…[Panels can] provide electricity just for appliances or lighting, to reduce your dependency on the utility company…[and] lower your bill…Since your consumption will be lower, and your home is more energy efficient, you may qualify for lower rates.

“Feed-in tariffs…[allowing homeowners to] sell surplus energy generated by…solar panels back to the electric grid…Power Purchase Agreements (PPA’s) allow homeowners to lease equipment from a private company…[T]he company then sells surplus electricity to its customer at a lower price than the local utility. This…[allows the homeowner to avoid] the expense of installing his own equipment."

“Net Metering…[allows homeowners with solar power to use their electric meters to measure electricity production as well as consumption] and calculate the difference. As you generate electricity with you solar panels, you are in essence banking credit with you local electric company.

“…The resale value of your home will increase by as much as 20% with the installation of solar panels…[Y]our solar panels [can] provide the power to your home heating system…[providing substantial financial [savings]...[T]he solar panel array…[can also do water heating, even in a] winter power outage… DIY kits available to consumers…can greatly reduce your initial cost, which in turn brings you to quicker profitability…”