This would not only lower one's electric bill but help relieve the power company's generators when they are running a near peak capacity. These are also the conditions under which a power company is sometimes forced to buy more expensive electric off the grid to fulfill their needs.
In addition this would allow power companies to downsize their generating capacities. Less generators means less cost both to build and maintain for conditions that occur only a few times a year. A yes, less generators means more profits for them.
There's even a greater bonus to this. The solar panels shield the roof from the sun's grueling temperatures that find their way into a home. Some figures place it as high as 20% less need for air conditioning in such a home.
I can see no faster nor more efficient way to reduce our fossil fuel consumption in this country. Some will argue it takes ten or twenty years to recoup the cost. I'd counter that by saying if there would be a mass need for solar shingles, inevitably manufacturers could find less costly and more efficient ways to manufacture them. Another cost to factor in is the cost for electricity itself. Rates have been going up about 5%- 30% (sometimes more) while the cost of solar panels have dropped about 18% over the last few years.
Whatever it cost to produce a kilowatt from the from today's solar panels will remain locked over the next twenty years. Meanwhile your electric bill in that same amount of time could easily go up 300% (6% compounded yearly increases over 20 years).
Let's use this example-- Your rooftop panels produce 20kw's of electric a year (that's average for a 2,000 sq. ft. roof). At 9 cents a kilowatt (today's cost) times 20,000 watts equals $1,800. Thus you can save $1,800 a year... BUT in 20 years from now electricity could very well cost 27 cents a kwh and your savings per year would be $5,400. AND I wasn't factoring in the AC savings or considering increased taxes on commercially generated electricity.
It's good for the environment. It's good for the pocketbook.Of course your savings vary by your location.
"California has record year for rooftop solar" What's not to like about solar panels?
I'm not talking about coal or wood burning
Sadly the Republicans in 2011 managed to cut funding (imagine that!)
Video Courtesy "WMHT-TV"
There are ways we can already wean ourselves off of fossil fuel dependency, but there are forces at work in Washington that are preventing this from happening
We have the technology.
We have the expertise.
But we also have the special interests groups who seem to own Washington these days.
Check out the comment I left.. why I didn't do it if this is so great?