What kind of financing structure would do that?
Backyard Revolution Review The way it works right now -- and in the State of New Jersey until close to the end of 2010 -- it is possible to completely rely on tax incentives and installer promotions. It is. Most of the systems now getting installed are not costing the homeowner money out of pocket. The typical residential solar energy system requires an investment of $20,000 to $50,000. The range is due to the varying quantity of energy that must be produced and site specific requirements. In other words; not all houses are built alike and neither are solar panel systems.
The primary variable is the amount of energy you wish to collect. That volume determines the number of solar panels required. You will need to gather all of your electrical bills from the previous 12 months. Add up the amount of electricity you used. That is the number that will drive the planning for your solar panel system. While you are reading all of your old electrical bills, add up the total amount of money you paid for electricity. Then you can estimate that a system on your roof would reduce the amount paid by at least fifty percent and up to one hundred percent.
And if you are a homeowner, you may qualify for 100% financing. Beyond getting your electrical bill paid, your home becomes more valuable; right? Ask a Realtor if they could show a house where the new owner would have the use of electricity, but never have to pay for the electricity, would that home sell for more or less? There are a lot of 'moving parts' in these kinds of projects. The US Federal Government, State Governments, equipment manufacturers, and a growing wave of locally based installer teams are all working together. And they all are investing in the future of residential solar.
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