Lost in the recent spate of bad news about the Solyndra solar incident has been more important good news about the declining cost of solar technology for consumers. Westinghouse Solar said in a recent press release that they have home solar kits costing less than three thousand dollars, depending on state rebates and tax credits. For example, installation of their four panel system in Hawaii costs less than $1,500 after federal and state incentives, they say. With the same incentives, a four panel system is less than $900 in New York state. In California, the same solar kit is about $2,300 after federal incentives, and could be less with state tax credits or rebates, (but there seems to be come murkiness currently in the Golden State’s home solar program.) The cost of a home solar kit in New Jersey could also be affordable, due to their incentives such as exemption from the seven percent sales tax for home solar systems. Westinghouse says their four panel system installed in New York would save enough money to make back its’ cost in about four years.
“What these dramatically lower prices mean is that ‘going solar’ is now a terrific investment and, like in Germany, the rooftop solar industry has the potential to grow faster than any other market segment,” said Westinghouse Solar’s CEO Barry Cinnamon. (Source: MarketWatch.com)
The Westinghouse four-panel home solar kit generates about 940 watts of electricity. That might be enough for about fifteen percent of a typical home’s energy consumption. The twenty panel kit should create about seventy percent of a home’s energy needs. They also have a one panel kit, for those who are interested in trying out the technology yet spending very little to do so. Extra panels can be added later. Each home solar kit comes with the necessary components to complete the installation, meaning no additional parts should be required, unless there are some unusual conditions.
Installation of photovoltaic systems has increased 69% in the last year, and the trend is likely to continue even with the current general economic stagnation. If the overall economy was doing better, it is likely there would be even more home solar installations. It doesn’t matter what some corrupted politicians are saying, the solar market is still growing and will grow because renewable energy is better for our own health, and better for the planet.
Disclosure: the author of this content has no commercial relationship with Westinghouse Solar, and never has.
Image Credit: Jake Richardson