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Friday, March 5, 2010

Time to Rethink Solar: PV Panel Prices Dropping

Solar prices are dropping and this may be the time to outfit your roof with PV panels.  In my area (southeastern PA) utility prices are expected to rise significantly as electricity rate caps are lifted.

Last summer I priced out a 4.5 kW system; the price was a little too steep for me.  This was even after accounting for the PA State rebate (instant) and Federal Credit (claimed when filling taxes).

Given the lower price I need to take an other look.

" ... reveling in the satisfaction that your home is producing its own zero-emissions power."

" ... panel prices have plunged by half in the past year ... glut will be bad for manufacturers' profit margins, but good for you. For $15,000 installed, a 3.5 kilowatt system could generate 5,000 kwh of electricity a year, about a third of most homes' needs." 

Via: Forbes LINK

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