More Americans are using the power of the sun to provide electricity to their homes as the cost of going solar continues to fall.
Massachusetts homeowner Peter Samsel recently installed solar panels on his roof in an effort to help the environment.
“I want it to be a proven technology, and now it is,” he told CBS News correspondent Chris Martinez.
Going solar – converting energy from the sun into electrical energy – cost Martinez $ 21,000 after tax deductions and rebates.
The investment was worth it, according to Samsel, which expects to save about $ 3,000 a year in energy costs using solar panels.
“It should pay me back within about seven or eight years, so I break down at that point and then start saving,” he said.
John Pariseau, also a resident of Massachusetts, switched to sun two years ago. He relies almost exclusively on energy from sunlight to power his home – but occasionally uses electricity from the grid when it snows.
The government gives him credit when the panels produce excess energy, which Pariseau said makes the move a “no-brainer.”
Incentives like these combined with more affordable prices mean that solar panel installations are on the rise in the US
The cost of installing solar has fallen by more than 70% over the last decade, according to the Solar Energy Industries Association (SEIA).
About 4% of homes in the United States are powered by solar energy. More than 13% of homes are expected to use solar energy by 2020, according to SEIA.
The technology is most popular in states like California, where it is hot and sunny.
“But it is now being adopted in colder parts of the country,” Martinez said.
Pariseau has, firstly, been “very pleased with the results.”
Large companies also embrace clean energy solutions. Facebook reached a key environmental goal faster than expected this month. The social media company said it buys enough renewable energy to run all of its activities globally. Tech companies Microsoft, Apple and Alphabet – the parent company of Google, have also committed to ambitious green energy goals.
The electric car company Tesla also manufactures slim sunroofs for homes as well as panels for existing roofs that reduce homeowners’ dependence on the grid.
Wisconsin homeowner Jason Lassen has embraced the “futuristic” roof design, he told CBS News.
According to Lassen, Tesla’s sunroof costs “about three times” the price of a well-built roof tile.
The power it creates recharges a battery that distributes electricity to the house.
How much has the price of solar installation dropped in the last 10 years?
Are solar panels worth it 2020?
If you live in an area with high energy prices and an appropriate solar rating and can afford the initial investment, it is worth installing solar panels in your home while the 26% tax deduction is in place – for the benefit of the environment and your wallet. But do not expect to lose your electricity bill overnight.
Will solar prices come down?
The prices of solar cell modules have fallen by 89% since 2010. The solar cell prices should fall by a further 34% by 2030. In 2050, these prices should fall by a total of 63%. This means that PV in PV size only costs 2.5 cents per. KWh.
Should I buy solar panels now or wait?
If you eventually want to install solar panels, do not wait. Depending on the size of your system, it can cost hundreds or even thousands of dollars to wait to install solar.
Is solar energy becoming more popular?
How much did solar panels cost 10 years ago?
The cost of solar has dropped significantly in the last many years. A decade ago, an average 6 kilowatt-hour solar system for homes could cost more than $ 50,000. Now the direct cost of a typical home installation varies from $ 16,200 to $ 21,400, which is a 62% average annual drop.
Which state has the most solar farms?
With more than 21,000 megawatts of solar installed capacity, California easily leads all fifty U.S. states to solar energy production – enough to power 5.4 million homes!
Why is solar power so good?
Solar energy systems get clean, clean energy from the sun. Installing solar panels in your home helps combat greenhouse gas emissions and reduces our collective dependence on fossil fuels. Traditional electricity comes from fossil fuels such as coal and natural gas.
Is solar energy increasing or decreasing?
Which alternative energy source is currently the cheapest?
“For low-cost projects that utilize high-quality resources, solar PV is now the cheapest power source in history.”
What is the fastest growing energy source in the world?
Renewable energy is the fastest growing energy source globally and in the United States. Global: Eighteen percent of the energy consumed globally for heating, electricity and transportation came from renewable sources in 2017 (see figure below).
Do solar panels last forever?
Life expectancy for solar panels To calm your mind, studies have shown that solar panels can last anywhere between 25 and 30 years – or sometimes longer. However, this does not mean that the panels on your roof will stop producing electricity after a few decades.
What percentage of power do experts expect to be from solar in the future?
What will energy be like in 2050?
The future primary energy mix in 2050 shows that growth rates will be highest for renewable energy sources. In absolute numbers, fossil fuels (coal, oil, gas) will remain dominant until 2050.
Why solar energy is bad?
Solar panels consist of solar cells (PV) that convert sunlight into electricity. When these panels go to landfills, valuable resources are wasted. And because solar panels contain toxic materials such as lead that can be leached out when decomposed, landfilling also creates new environmental hazards.