How Much Does Solar Energy Cost?

By: Greenshine New Energy LLC  04/08/2014
Keywords: Solar Energy, Street Lamp, solar streetlights

Ever since its advent and rather prominent use in the last few years, solar energy has been a favorite among many individuals who are interested in alternate and much beneficial source of energy for their everyday use. Although a very enhanced and superior alternative to electricity, people still have their doubts and suspicions about many factors concerning solar energy. One of which is the question in focus: how much does solar energy cost?

The cost of solar energy differs from place to place. In the United States of America, for example, one can install a solar energy plant for less than $10,000. Not only are the installation charges remarkably low, but the per-Watt prices for this solar energy is also very much appealing. The estimated cost in the US in 2012 was $1.91 per Watt. China on the other hand has taken things another step further. Owing to their traditional industry and cheaper machinery and labor costs, China is able to reduce this cost to $0.91 per Watt for their solar panels. India also falls in the same category, with an average rate of $0.50 to $1.00 per Watt. This however does not mean that they compromise on the quality of their product. The plants are equally productive with the only difference lying because of the diverse properties and distinctive features of their respective demographic.

In addition, utilization of solar energy also results in a lot of saving on the part of the consumer as compared to when using electricity. This means that you are able to save an average of $80 to $100 per month on your utility bills every month. This again depends on your respective demographic. In places with high electricity costs, individuals end up saving a great amount as compared to individuals living in places with relatively cheaper electricity. However, wherever you are, you will be saving a considerable amount of your hard earned money whilst enjoying the exact same features. With an average payback period of 5-10 years, solar energy again comes off as a very smart choice for your investments. This means that even though the installation costs varies significantly from country to country, you will be getting your investments back within a very short time period. So ask yourself, does it really cost too much to invest in solar energy?

All in all, in the world of today where energy crisis has spawned much un-needed rigidities and high costs, going solar is one the most economical and wise decisions. It is not only very cost-effective but is also very beneficial for the environment as a whole. So make the wise decision now and enjoy the purest and most supreme form of energy in the best way possible.

About GreenShine:

Greenshine New Energy, LLC. Specializes in developing and manufacturing customized solar powered lighting systems for a wide range of lighting applications. At Greenshine we specialize in solar street lights, garden lights, and lawn lights for outdoor applications. Our lights can be installed anywhere, especially areas where grid tied electricity is not available.

Keywords: Solar Energy, solar streetlights, Street Lamp,

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