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Solar energy will pay for itself once you have set up the system but the problem is the initial cost to the consumer to get the system going. For a business, these solar power costs can be handled because there is more capital available. For a homeowner, it is not as simple.

First of all, how much solar energy you will need to power your home depends on your energy consumption. With solar power, many families learn how to live on less to gain the most cost savings. If you live in the city, you are still tied to the grid system. This is the electrical grid that powers homes within the city limit and outlying areas.

Some want to eliminate their energy bill altogether. That requires more solar panels than someone who wants to subsidize their energy bill with a residential solar power system. Solar kits can run you anywhere from $8,000 to over $20,000. This includes the equipment, the cost of having the site inspected and hiring someone to prepare the land for the panels if mounted in the yard or having someone mount them on your home’s roof. You will also need the services of an electrician to wire the components into your home electrical system – even if you are on a grid intertied system (uses a battery to store solar electricity until needed).

Solar energy is free but the instruments that will enable you to harness this free energy are not.

If you’re planning to install a solar energy system right at your home and would like to know how much solar power costs, there are 3 things you need to consider:

First, the cost depends on how much energy your household requires. More energy you require means more solar panels and higher cost of installation. The good thing is, the technology to harness the power of the sun is relatively cheaper than it was several years ago.

Second, the government is offering a rebate to those who will switch to alternative form of energy. That means, the government will shoulder a portion of the total cost of the system.

Third, you can get tax credits when you switch to solar energy system. The amount of tax rebate depends from state to state but the range can go from $1000 to $2000.

If you want to reduce your electricity load, switch to energy efficient appliances. Buy electric appliances with ENERGY STAR seal.

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