There has never been a better time than now to take advantage of the numerous benefits of solar power. Many states have made solar power affordable, cost effective, providing a 10% return on investment and in many cases solar power will pay for itself almost instantly.
The utilization of solar power has never offered more benefits than now. Not only can the installation of solar power pay for itself almost instantly, but given the current world political climate and the threat of terrorist actions to disrupt cheap oil supplies make it very prudent.
Many states offer a 10% return on investments to encourage its use. The simple fact is that installing a solar electric system in your home is now cost effective for the first time. And you’ll sleep better at night knowing that you have now become part of the energy solution as world oil supplies continue to dwindle.
In the state of California the cost of solar power in 1978 was well over $300 per watt. Today, with incentives offered by the state, that price has now dropped to less than $6 per watt- a staggering 98% reduction in cost of solar energy.
In addition to the reduction in cost of installing a solar power system, your home’s value increases $20 for every $1 reduction in annual utility bills- this according to the National Appraisal Institute.
Therefore, installing a solar power system in your home costing $16,000 would increase you home’s value by $17,520. That’s a net gain of $1520 the day you install the system.
On April 25, 1950 Bell Laboratories introduced the first silicon solar cell. Bell called its invention “The first successful device (solar cell) to convert useful amounts of the sun’s energy directly into electricity.” The NY Times heralded it as “The beginning of a New Era, leading eventually to the realization of one of mankind’s most cherished dreams-The harnessing of the almost limitless energy of the sun for uses of civilization.”
99% of the world’s energy comes from sunlight or solar energy. Everyday enough free sunlight energy falls on the Earth to supply our energy needs for 4-5 years at our present rate of consumption. At the equator, the Sun provides 1000 Watts per square meter on the Earth’s surface.