Solar increasingly a low-cost option

Monday, December 5, 2011 @ 12:12 PM
posted by rene5432

As more Americans look to reduce their carbon footprint, many are realizing they can also lower electricity bills at the same time, according to Calfinder.com.

Solar installations were once a statement about environmental concern more than they were an investment, but more and more options have emerged for investing in clean energy at a comparatively low cost.

First and foremost, anyone interested in installing solar panels should simply contact local solar installers for a quote, since many will visit a house and offer a free audit. Sometimes these systems can prove less expensive than anticipated.

Loan, rebate and tax credit programs can also serve to reduce the cost of these solar installations, but other innovative options exist as well. Dow Powerhouse offers solar shingles, which produce renewable electricity less efficiently than many solar panels, but at a lower cost.

Aside from low-cost options, many other companies can offer solar leasing programs that allow homeowners to pay a monthly fee rather than buying the panels and installation up-front. Some of these offer a fixed monthly fee, while others charge a fixed rate for the electricity produced by the panels. Already this option is responsible for more than one-third of the residential solar installations, according to USA Today.

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