More than a million homes have already gone solar in the U.S., and many more homeowners are considering installing solar. If you’re in the market for solar, you probably want to know what actually happens during a solar panel installation. There are five big steps that need to happen after you sign your solar contract before the solar panels on your roof can actually power your home, and a lot of it is behind the scenes. To show you what you can expect, we’ve outlined a simple five-step guide for the typical solar installation process.
That’s because when they were evaluating solar panel systems for their home, they decided to install a slightly larger system than they originally planned on so that they would be able to power both their home and their new BMW electric car.
The increase in the price of this system over the initial one will be paid back in just two years through the savings they’re banking by eliminating their need for gasoline and the additional solar renewable energy credit (SRECs) revenues it will generate. Because their system will last at least another 20 years after that (some last as long as 30 years), the future savings will go right into their pockets for a long time to come. Here’s how their decision played out… Continue reading
Shopping for a new car? If you’re looking for one that makes the most financial sense, you should definitely consider an electric car. With high and volatile gas prices, many car shoppers are exploring alternative fuel vehicles such as hybrid or electric cars.
On first blush, these cars may seem more expensive, but if you conduct a full “cost of ownership” analysis, the gap narrows considerably and electric cars may even come out ahead. What’s really amazing, though, is what happens to the cost of owning and operating an electric car when the electricity you use to fuel it is produced by a solar panel system installed at your home or business. When you add solar panels to the mix, the electric car becomes incredibly economical. Here’s how it works: Continue reading