What is the average cost of installing and operating solar energy systems?
Like all forms of energy, the price of purchasing all forms of electricity varies by your location. In the case of using solar energy, recently enacted state rebates, coupled with rising utility costs and paybacks from local utility companies that pay energy producers, have reduced purchase costs of solar photovoltaic systems and made them economically viable and attractive. The amount of one’s financial benefit from solar energy is also dependent on the amount of available annual sunshine. Savvy customers in sunbelt areas see a payback of their solar energy system investment in less than 7 years with energy savings and tax credits, and less than two years in those states that have cash rebate programs. Operating costs of a solar energy system are virtually nonexistent, so when a solar system is installed on your home or business it saves and/or makes you money every month.
