There are a lot of people who dream about becoming energy independent whenever it comes to electricity. With Monmouth solar panels for your home this dream can become a reality. This is especially true whenever you look around at the tax incentives that are available to help you pay for your upfront costs, which are the only costs that you will have whenever you run your home on sunlight. So, within 10 to 20 years your system will pay for itself. You should welcome this news, especially when you watch as the cost of electricity continues to rise. What you may not know though is that the cost of these solar panels continues to decline. This means that you will ultimately discover that the payback period for them will shrink dramatically.
There are a lot of variables that must be taken into consideration whenever you are calculating the cost and need of the electricity that is required to power your home. Fortunately, you can find some free online calculators that will help you with this but it is better to allow Verengo Solar, a Monmouth solar company, to help you make the final decision.
Another thing that you should think about is the cost of electricity within America today. For instance, you are probably paying between 7 and 24 cents per kilowatt-hour for the energy that you use. So, if you are using 1,000 kilowatt-hours of electricity every month at 12 cents per kilowatt-hour your electric bill will be $120 per month
Even the most conservative solar panels are able to generate 10 watts per square foot. This translates into 12% conversion efficiency. In this case you will need to have 100 square feet of solar panels for every kilowatt that you need to produce. Since the sun will only shine for part of the day and even that is dependent upon there not being any cloud cover, you will need 500 square feet of solar panels in able to be able to generate enough electricity to power your home.
While this will require an investment in your part now, you should keep in mind that solar panel systems are able to last for up to 100 years. During this time you will only lose approximately one half of 1% of performance each year. There is also very little need for maintenance. Furthermore, if this is not enough, most people qualify for assistance from the government in the form of a rebate.
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About Verengo Solar
Verengo Inc. has changed the way America thinks about solar! Verengo ranked #1 on the Solar Power World list of Top Residential Solar Contractors in the U.S.1, has been named to Inc. Magazine’s List of America’s Fastest Growing Companies and consistently maintains an A+ rating with the Better Business Bureau. The company markets, sells and installs solar photovoltaic systems, which enable homeowners to save money on their electricity bills and replace dirty electricity with clean, renewable energy. Verengo has grown 700% over the past 4 years and has added 900 new employees over that period. A recent survey found that 92% of Verengo customers would refer the company to their friends and family. The company has earned this recognition and customer satisfaction by making solar easy and affordable for its customers and delivering superior customer service.
1.Source: Solar Power World. Verengo operates exclusively in the residential solar sector.