• Home
  • About Us
  • Solar Power
    • Federal and State Incentives
    • Solar Renewable Energy Credit
    • Photovoltaic Module - FAQs
    • Solar Panels Videos
  • Solar Water Heater
    • Federal and State Incentives
    • Solar Thermal Water Heater - FAQs
    • Hybrid Electric Heat Pump Water Heater
    • Solar Water Heater Video
  • Geothermal
    • Federal and State Incentives
    • Geothermal Heat Pumps - FAQs
    • Ground Source Heat Pumps Videos
  • Energy Audit
    • Federal and State Incentives
    • Energy Efficient Home
    • Insulation and Air Sealing
    • Spray Foam
  • Contact Us
    • Referral Program
  • Blog
Smith Sustainable Design
PA: 215-260-7905

Are you considering solar installation? - Part 2

5/17/2013

1 Comment

 
Are you considering solar installation? - Part 2
Questions to ask yourself

In Part 1 of this blog series, we discussed considering what you want to spend when deciding whether or not a solar installation is right for you. Today, let’s look at how energy prices compare, which will show you what you’ll be paying with a solar installation versus continuing to buy all your power from your electric utility provider.

2. How do energy prices compare?

To determine your savings when going solar, think in terms of kilowatt hours (kWh). On your electric bill, your usage will be stated by kWh, and you’ll also see how much you are being charged per kWh of electricity use. If you’re interested in a solar lease or power purchase agreement, the provider can tell you how much you’ll be charged for each kWh produced, and you can determine your annual savings when going solar.

If you’re looking to own your solar energy system, you’ll need to determine how much electricity the system will produce and see how it compares to your annual kWh usage. If you require additional kWhs, you’ll pay your utility company for the energy- with a grid-tied system, you may receive a lower rate per your interconnection agreement.

Another factor to consider is your payback period. Once you determine your annual energy usage and savings through your solar energy system, you can figure how long it will take the solar installation to pay for itself through your savings. In New Jersey, the average payback period for solar installation is only 5 years! And in Pennsylvania, the average payback period for solar installation is only 6.5 years! Once the payback period is met, it’s as if you’re using the electricity you generate completely free- you’ll only pay for energy used from your utility company, if it’s even needed.

When deciding if a solar installation is right for you, look beyond upfront costs and see how much you’ll save annually. You’ll find the savings will be a huge benefit no matter which route you go; owning outright or choosing a solar lease or power purchase agreement. For answers to all your solar installation questions, contact Smith Sustainable Design.

1 Comment
Susan Cordova link
8/25/2021 02:21:01 pm

Appreciate youur blog post

Reply



Leave a Reply.

    Archives

    February 2015
    January 2015
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013

    Categories

    All
    Electric Solar Energy
    Energy Monitoring
    Geothermal Heating And Cooling Systems
    Geothermal Heating Systems
    Geothermal Heat Pump
    Ground Source Heat Pump
    Hybrid Hot Water Heater
    Photovoltaic Solar Panels
    Solar Heat Systems
    Solar Hot Water Systems
    Solar Leasing
    Solar Panels
    Solar Power Systems
    Solar Thermal
    Solar Thermal Water Heaters

    RSS Feed

Copyright © 2021  •  Smith Sustainable Design. •  All rights reserved
Home Improvement Contractor Registration No. PA078100 and NJ13VH06277800
Master HVACR Contractor License No. 19HC00298700

Follow Us!

Home  -  About Us  -  Solar Power  -  Solar Water Heater  -  Geothermal Heating and Cooling  -  Energy Audit  -  Contact Us  -  Blog -  Site Map