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Solar Panel Prices Fall

By Solar energy | January 14, 2009

Rooftop Solar Panels at the Park Office
Image by muenzer via Flickr

Solar Panel Prices Fall

USA Today reports some good news in the bad economy. The cost of rooftop solar systems are down 8 to 10 percent since October. Prices on rooftop solar systems are expected to fall another 15 to 20 percent over the course of the year.

This is good news for solar energy fans on a budget!

For the past four (4) months we have had our house on an energy diet. The plan is to reduce our energy consumption to the minimum kWh usage per day for acceptable comfort. Then we will be able to afford a solar panel system.

The idea is that the less electric energy used, the smaller solar system the house needs. A smaller solar system means a budget friendly cost.

With solar panels as well as panel installation cost dropping, this may be the year to “go solar.” And with a larger federal tax credit this year, the effective prices could drop as much as 50 percent.

According to the article, a $32,000 solar energy system could be as low as $10,000 to $20,000 (based on California prices and state and federal incentives).

In his article, Mr. Davidson reports that “consumers can reap even bigger gains if they can buy in a recession.”

In other words, solar panel systems are going on sale!

If you find great deals on solar panel in your area of the country let us know!
And, if you are interested in joining the Energy Conservation Challenge beginning in February, let us know by signing up for the “10 Simple Steps to Reduce Your Energy Costs” over on the right. We will email you about the challenge when we get the details worked out.

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Topics: Reducing energy use, Renewable Energy Tax Incentives, Solar Panels, home solar energy | No Comments »

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