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Did you know that the average American household uses around 10,000 kWh of electricity per year? This amount would be lessened if people would invest in more energy efficient windows and appliances, and replace their insulation. These cost saving improvements alone would save hundreds of dollars a year. If you’d like to do something a little less expensive, try changing your incandescent light bulbs to fluorescent ones. You can also save money by turning lights off when you leave a room and unplugging those things that you don’t use all the time. However, solar power panel is the only way for homeowners to completely eliminate their electricity costs. The initial not-so-inexpensive costs of having the system installed will pay off once you can power your own house.

What Size System does Your House Need?

Homeowners can choose from several different types of residential solar power systems. Systems range from 1,000-25,000 watt systems which will service 50 to 1600 square feet, respectively. Over 25 years, a 10,000 watt system will save a homeowner nearly $50,000 while using 10,000 kWh a year. Because of the different sizes of homes and the amount of power each household uses, homeowners’ savings from using a residential solar power system may vary. Many people choose to supplement rather than replace their reliance on the power grid with residential solar power as solar power systems powerful enough to supply enough electricity for the average home are still a little expensive. Seventy-five thousand dollars is a bit much for the average homeowner to get off the grid, even though those savings will help the system pay for itself in a decade or so.

Tax credits and Government incentives are available for those homeowners looking to upgrade their home that can be used to lower the initial set-up fees. For example, if your $75,000 solar power system is eligible for a tax credit of $35,000, that means you will only have to pay $40,000 out of pocket. Tax credits greatly decrease the cost of residential solar power, spurring the market with monetary incentives.

More Solar Energy Advantages:

As our cars make the transition from gasoline engines to electric motors, our power grid will be taxed even further. By beginning to upgrade our power grid with smart technologies and making our homes energy independent with residential solar power, we can ensure the safety of our energy grid for years to come, all while saving ourselves money and protecting the environment.