With Only $0 down Solar Can Save You up to $34,000 Over 20 Years

by Zachary Shahan.

Originally published on Cost Of Solar.

How Much Are Solar Panels? Wrong Question. How Much Can Solar Panels Save You?

OK, it’s true, How Much Are Solar Panels? can be a useful question. But, really, this question is largely of minimal importance today. Either through $0 down loans or 3rd-party-ownership models that let you lease a solar power system instead of buying one, most residents and businesses with a decent roof or ground space for solar panels should have an opportunity to go solar without buying the entire solar panel system up front.

The real question — the real ways in which ‘going solar’ affects your finances — is how much it saves you and how soon, or when, it starts to save you money.

I’ve recently created the short infographic below to highlight the 20-year savings from going solar in some of the most populous states in the country, as well as in Hawaii, which has the greatest average savings per project.

Solar savings graphic
Renewable Energy solar savings graphic (USA).

Notably, those savings are based on 2011 research. The cost of solar has dropped tremendously since then, so the savings should be even greater (on average). Unfortunately, I haven’t seen more recent research on this matter. The specific data points — average 20-year savings from going solar — for those states are as follows:

  • California: $34,260
  • New York: $31,166
  • Florida: $33,284
  • Texas: $20,960
  • Hawaii: $64,769

These numbers were included in a cool solar power infographic I shared last week. However, the map displaying these numbers was number 3 of 4. I’ve gone ahead and pulled out this key map and will insert it below so that you can see savings in your specific state if you don’t live in one of the four most populous states or Hawaii.

Renewable Energy. Solar Power savings over 20 years in the U.S.A.
Renewable Energy. Solar Power savings over 20 years in the U.S.A. Image by 1BOG

These savings are tremendous. Even the national average (again, in 2011, when solar panels were much more expensive) is above $20,000! How much are solar panels… going to save me? That’s the question to ask. (Of course, you can request a quote on Cost of Solar to get a savings estimate and even a follow-up site visit for a more exact estimate, and it will also give you an estimate of how much solar panels for your house or business will cost.)

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This article, How Much Are Solar Panels? Wrong Question. How Much Can Solar Panels Save You?, is syndicated from Clean Technica and is posted here with permission.

About the Author

Renewable Energy. Zachary ShahanZachary Shahan is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy for the past four years or so. Aside from his work on CleanTechnica and Planetsave, he’s the Network Manager for their parent organization – Important Media – and he’s the Owner/Founder of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.

Honda’s Solar Power Push

by Zachary Shahan.

Honda Fit EV
Honda FIT EV can charge with solar power. Image Credit: Honda

Originally published on Cost of Solar.

Honda (the car company, not the star soccer player) is going solar. Also, thanks to the low cost of solar today and incentives for selling solar power to the grid, the famous Japanese car company is going solar in a big way and will sell surplus electricity to the Japanese grid. (What, you thought Honda was becoming a solar power developer?)

Honda will install 70,000 solar panels (yes, 70 thousand!) at a new test course it is building in the city of Sakura in Tochigi prefecture, Japan.

Join the solar rooftop revolution!

Here are some more details from a Honda news release:

In 2007 Honda initially announced its plan to build a large-scale test course featuring a high-speed circuit with a 4 km long track, but postponed the plan due to the global economic recession that began in 2008. Reflecting recent changes in the business environment surrounding the automobile industry and in the market needs, Honda modified the purpose and scale of the plan and decided to build the new test course (approximately 25 ha in size) which will be utilized for the development of advanced safety technologies.

In addition, Honda will build a solar power generation system with an annual capacity of 10 MW within the same property in Sakura. After installing approximately 70,000 solar panels on an approximately 33 ha lot, Honda is planning to begin sales of the generated electricity in 2015. Moreover, as a part of its effort to conserve the natural environment, Honda is also planning to build a biotope within the property and will welcome members of the local community to enjoy it.

Pretty cool. But don’t be fooled. Honda isn’t going solar in such a big way because it is an environmental saint. It’s going solar in a big way because doing so provides huge financial benefits to the company. It’s the same as with 74% of the homeowners who go solar today. (Ask them… or at least actors pretending to be them.)

Solar power offers one of the best returns on investment (ROI) around. Don’t miss out, go solar today (or at least get a solar quote).

Repost.Us - Republish This Article

This article, Honda’s Solar Power Push, is syndicated from Clean Technica and is posted here with permission.

About the Author

Zachary Shahan is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy for the past four years or so. Aside from his work on CleanTechnica and Planetsave, he’s the Network Manager for their parent organization – Important Media – and he’s the Owner/Founder of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.