Is It Expensive To Install A Residential Solar Power System?

Recently, residential solar power has gained popularity as a viable alternative for other energy sources. However, many homeowners are still skeptical as to the real benefits of using energy harnessed from the sun to power their appliances. Skeptical homeowners are primarily concerned about the cost of installing photovoltaic power systems.

Residential solar power systems help wean homeowners from their dependence on the fluctuating prices of oil and other non-renewable energy sources that most nations are still using. In fact, some countries have already recognized the advantages of using solar power and are now offering incentives to entice homeowners to switch to this alternative energy source. Various governments now merit tax deductions for citizens who use renewable energy power systems in their homes. Moreover, properties that are solar powered can demand a higher asking price on the real estate market.

Ethically, a solar-powered home generates less carbon footprint, thereby contributing positively on the whole world's fight against global warming. Furthermore, the sun's power is infinite; so there is no fear that this power source will eventually run out like what is now happening to petroleum and other traditional fuel sources.

It is true that the installation of a residential solar power system can cost up to several thousand dollars. Proponents of solar power, however, suggest that the homeowners see this expense as a long-term investment. Once the system is in place, the homeowners can immediately save about 30% of their utility cost (even more). If the system was designed to power up all electrical appliances and fixtures in the home, then the home owner can be completely independent of the electricity generated by a power company. The expense of putting up the solar power system in the home will eventually be paid off by the amount homeowners save on their utility bills over a few years. Any amount reduced from their utility bills beyond that will count as genuine savings.