Thinking about going solar? Modern Farmer has the scoop on which panel is right for you.
Whether you live in the country, city or suburbs, solar panels — those blue rectangles that soak up the sun’s rays and generate environmentally friendly electricity — have become a common sight. And they are going to become even more common as prices fall — quickly. According to the Solar Energy Industries Association, the average cost of a panel sunk by 60 percent between the beginning of 2011 and mid-2013.
At today’s low prices, investing in solar panels can pay for itself in a relatively short period, particularly in a state where electricity is expensive and/or good incentive programs exist. (A state-by-state listing can be found at dsireusa.org.) Sometimes, local governments provide incentives, and some utility companies reward customers who install panels.
One constant anywhere in the United States is a 30 percent federal renewable energy tax credit that takes a chunk out of purchase and installation costs. Combine that with today’s lower prices and up-front costs can be recouped almost anywhere in the country within the typical 25-year life expectancy of modern solar panels, according to Andy Hershberger, president and CEO of Virginia-based Shenandoah Solar. Still, there are a few things to consider.
“It’s good for folks to get their utility bills and look at what they use on a monthly basis and a yearly basis,” says Andy Tyson, co-founder and owner of Creative Energies, which designs and installs solar electric systems in the West.
Such data is key to designing a system and calculating its payback period. Solar panels need sunshine, so an unshaded spot on the roof or nearby is a must. While the amount of sunshine received by a given place varies, there are very few places in the lower 48 where an unshaded panel won’t perform well, says Tyson.