Manufacturers are racing to find ways to lower the cost of production to insure consumers have the opportunity to achieve the most affordable solar prices that are available in the industry. As the cost continues to drop for the photovoltaic modules, everyone becomes the winner. Falling solar prices have allowed everyday consumers to have the chance to make a purchase that would have been impossible just a few short years ago.
Lower consumer costs help get natural energy into residential and commercial establishments. In 2012 alone, the cost is believed to have gone down to 75 cents or lower per watt. That cost for natural energy is down exponentially in just the past few years, making natural energy more affordable than ever and easily obtained by any household, regardless of budget constraints.
Less than a year ago, the cost of a home system capable of producing 4 kilowatts was roughly $33,000. Today that same home system costs from $10,000 to $12,500. With solar prices at such record lows, families and small businesses are discovering that the cost is minimal in the long run. Some homeowners are choosing to make a personal change to using green energy and saving substantial money on utility bills.
Another benefit is the tax credit available for consumers switching to green energy choices. Last year there was a tax credit cap of $2,000 and consumers could receive up to 30% back from installing energy efficient items. This year, the cap was removed with consumers still being able to receive up to 30% on a tax credit. To find out exactly how much tax credit a consumer may qualify for, they should contact a professional.
The type of system purchased will depend a lot on the surface on which it will be placed. Flat roofing, rubber roofing, metal roofing, low-slope roofing, commercial roofing, residential roofing, and IB deck roofing all need something special to insure proper placement. The slope and surface of the roof must be adjusted to maintain maximum exposure to the sun and its healthy, useful rays.
While there is a definite variety in the types of photovoltaic products that can be purchased, the Return on Investment (ROI) makes these systems more affordable to the average consumer. Another important fact is that the investment is measured by kilowatts or watts provided, not by the square footage of the building. The calculation gets complicated, but a professional manufacturer, reseller, or installer is capable of providing the exact information needed to get the best results for the consumer.
As solar prices continue to drop, the consumer will discover that purchasing a photovoltaic system is more cost effective and that those fees will continue to drop exponentially. The cost will depend on the typical monthly usage needs of the consumer. Even the largest units are being purchased by a public that is demanding cleaner, cheaper energy choices.
Today, more than ever before, solar prices are affordable for anyone on just about any budget. Choosing a green energy source gives consumers another option. This is a viable solution for the energy demands of today, as well as those in the future.