Question by : How much money can you save using solar pannels for electricity?
I live in Hawaii and the cost of living is very high. I was wondering if I could save a bundle of money installing solar pannels for electricity instead of paying a monthly bill. I know it costs a lot of money to install solar pannels but in the long run inflation will just raise your bills like crazy. I heard in the mainland the cost of living is way cheaper and I am planning to move up there but will installing a solar pannel save me a lot of money if I live in the mainland?
Best answer:
Answer by TomShort answer is no. The initial cost are still too high for most situations where power supply already exist. Solar is great for locations that currently have no electrical supply because the cost of running power to the site saved offsets the cost of the solar panel somewhat. Unless you can get local tax credits/rebates that I don't know about, you will never be able to recover the cost of initial setup during the lifetime of the solar panels. Check into wind turbine power generation. It is becoming more affordable every day and last longer than solar panels.
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Monday, January 14, 2013
How much money can you save using solar pannels for electricity?
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