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Save Money With Solar Panels

Save Money with Solar Panels

Building a home can be an expensive endeavor, and most people preparing to embark on this project are on the lookout for ways to save money- both in the construction phase and in the future years of living in your dream house. The decision to go with alternative energy sources is one that is best made early-on as you browse for floor plans, as the house plan you choose to build from will impact your options for alternative energy sources.

Solar panels have been on the commercial market now since the 1950’s and recent developments in technology have greatly improved the efficiency and storage capacity of solar panels. Versions of this technology are available in hundreds of smaller products, in everything from landscaping lighting options to solar cell phone and tablet chargers. But solar panels on the roof of your new home can save you hundreds of dollars each year in utilities and reduce your dependence on traditional sources of electricity.

Forbes magazine estimates that installing solar panels of your roof can reduce your family’s carbon footprint by as much as 35,180 pounds of carbon dioxide each year, doing the work of 88 trees. For those interested in green structures and efficient houses, this is an impressive statistic. And with so many people interested in this option, there are now several ways to go about it.

Many companies will lease solar panels and include installation in the overall cost of the agreement. The benefit of this arrangement is mostly financial, as the company who leases the equipment stores the electricity and sells it back to the consumer, often at a lower rate than the electrical company.

For some, installing permanent solar panels will be the best option. There is an initial cost investment in the materials and the skilled labor required to install them, but you can expect to begin recouping that investment right away. Electricity can be harnessed to power lights, heat, hot water heaters, swimming pools and hot tubs, and any other electricity-based appliance. Solar panels are also estimated to increase the resale value of your home by as much as 20%, so for many home builders it is a worthy venture.