- 1 kilowatt-hour (kWh) = the amount of electricity required to burn a 100 watt light bulb for 10 hours.
- According to the US Department of Energy, an average American household used approximately 866-kilowatt hours per month in 1999 costing them $70.68.
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- About 30% of our total energy consumption is used to heat water.
- A home solar system is typically made up of solar panels, an inverter, a battery, a charge controller, wiring and support structure.
- Da Vinci predicted a solar industrialization as far back as 1447.
A 1-kilowatt home solar system will prevent approximately 170 lbs. of coal from being burned, 300 lbs of CO2 from being released into the atmosphere and 105 gallons of water from being consumed each month!
A 1-kilowatt home solar system will generate approximately 1,600 kilowatt hours per year in a sunny climate (receiving 5.5 hours of sunshine per day) and approximately 750 kilowatt hours per year in a cloudy climate (receiving 2.5 hours of sunshine per day)
A Solar Energy system can operate entirely independently, not requiring a connection to a power or gas grid at all. Systems can therefore be installed in remote locations (like holiday log cabins), making it more practical and cost-effective than the supply of utility electricity to a new site.
The global warming debate has really focused our minds on the need for us all to do our bit in reducing green house gases.
Today
with the current technology we can start producing our own power right
on our roof tops and sell it back to the local power grid.
Our home power station will produce the most energy when we use the most power; that is on hot summer afternoons.
In the USA and other countries there are significant grants for installing home solar and other micro power systems.
You can bet that there will more assistance by governments to get these home power stations happening.
The Best news of all is that over time your solar power station will save you money. Sometimes in the first year.
I will show you how you could save $65,000 in power bills over 30 years from your own power station for an average family home.
Larger homes and Businesses can save even more!
Fact. Most Power Utility Companies will give you a credit for the Power You Produce
The
good news is that today for every KW of energy you produce, your
utility company will deduct that usage from your power bill. This is
called net metering.
If you produce all the energy you need, you save all the money that you were going to pay the Power Company.
Now
here is whats really interesting. If you are on Time of Use contracts,
then,on hot summer afternoons you will be getting a net-metering credit
of about 20c per kw hour in summer.
Often power companies are paying much more than that because they a buying power on the spot market to cover peak demand.
In
fact some power companies will pay real money for the power you
produce. This is called feed-in tariffs. Ask your power company if they
have a feed-in tariff program.
Feed-in tariffs were introduced in
Germany in 2003 and the installations of Solar Power stations went
ballistic. They installed more than 250 MW of small scale solar power
stations in three years.Interestingly the German feed-in tariff is not
government funded but they pay about 50c per KWH
Fact. Over time your Solar Power Station will cost you Nothing and could Save you Thousands.
If
you live in California, in 11 years or less you will be getting paid
double for the energy you produce, because the cost of electricity has
gone up 6.7% a year since 1970.
In 11 years time, your are still
producing that power for what it cost you when installed your power
station, because you have virtually no running costs.
Your power
station will last at least 25 year and probably up to 35 or even 40
years. So you will get at least 25 years of savings, may be more.
So what is the cost of Solar Energy lets take a typical example.
Please Note: These figures are indicative of the types of installations that can be done and are not claimed to be accurate.
Rebates and costs and solar outputs change from state to State.
For an average family home, the stats are:
KW Hours Per Year 12,000
KW Hours per month 1,000
KW Hours per day 33.
Federal Tax Credit of 30%
(Federal Tax Credit can be spread over 5 years).