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Residential Solar Energy

Electricity is becoming expensive by each passing day and if you could manage to find a 10-year-old electricity bill, compare residential electricity slab from that time with the present. There has been a huge hike for cost per kWh rates. The electricity you’re using today is coming from the grid, which is again coming from the power plants. As the fossils are diminishing rapidly, a time when the world would have to depend completely upon the renewable form of energy is coming real soon. Wind and Sun are the options, but wind turbines are dependent on wind flow. Residential Solar energy is the best solution.

Why go Solar?
Our sun strikes the earth surface at 175 W/m3 per second. Suppose that if we could manage to convert just 10% of this solar power with the current generation of PV cell technology, it would produce a massive power that could light up our whole planet. If we discuss the USA specifically, hypothetically we would require only 2% of land area, which equals to the area of North Dakota for producing Equal/Surplus amount of our current kWh requirement. The best part, our Sun won’t ask us to pay anything in return ever.

Solar energy provides us more perks compared to our thermal/gas/nuclear-powered stations. In a glance,

·         You can control the energy costs.
·         Save money.
·         Can help our environment by not using fossil fuels.
·         Can have energy independence in your hands.
Your considerations shall be
Installing a residential solar energy system or PV system (Photovoltaic Cell) require an investment cost. It may seem higher at first glance, but it is still economical and the ROI (return on investment) is quick. Still, you should determine the following factors before installation; these factors will affect capital and the operating costs.

·         System size and components.
·         If the system is Grid-connected or off-grid.
·         The amount of sunlight your location gets.
·         Your energy consumption.
This is an offer you can’t refuse
If you’ve understood the benefits in the previous paragraph, saving money and helping the environment might seem the best offer, but that’s not all. By the current laws, residential solar PV system applies 30% tax credit for the installations till 2019, which will get decrease in 2020 before finally disappearing in 2021. The best part about the tax credit is, there is no upper limit, and it applies to any PV panel system.
However, before purchasing a residential PV panel system, research your local permit and neighborhood legal requirements. Probably, you’d require obtaining permits, These may include – country building department permit, an electrical permit or both.
Dollars and kilowatt-hours relationship

Is it really a good investment to install a residential solar PV system, many people may ask. Before answering the question, you need to understand the relationship between the Dollar and kWh. At present, it is 10 to 15 cents per kWh ($0.10 - $0.15), which is a floating slab chart. As the power requirement will go up and the fossils would go down, this price will sure get a hike. Opting for a solar energy dependency is a wise step that involves no risks but only gains.

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