Solar energy becomes an affordable investment
Categories: Solar Power
If you’ve ever considered installing a home solar electric system and generating your electricity with free, renewable energy, now’s a great time to look at your options. In recent years, prices for solar systems have plummeted thanks to increased demand, mass production and intense competition among manufacturers. Generous government financial incentives for solar power have reduced the cost for homeowners even further, making a home solar electric system more affordable than it’s ever been.
It’s been 37 years since Kermit the Frog sang “It’s not easy being green” on the Muppet Show.
Unfortunately for felt puppets and environmental enthusiasts, not much has changed since the 70s - “being green” is still a difficult thing to be.
There have been many advances in environmentally sustainable/responsible/green technology in the last three decades, and although green tech is now more effective, it needs to become more affordable if is going to become popular with the general public.
A good example is the Tesla electric car. In 2010, when the cars were first available to the public, Teslas cost $109,0000 (before federal tax credits and gas savings). Now, in 2015, the “low-end” Tesla model 70D only costs around $75,000 (sure makes you want to go out and buy one right now, doesn’t it?).
While the price of the Tesla dropped even as the car models became even more environmentally friendly, I don’t see middle-class Americans lining up to buy one. It’s still just too expensive.
Other green technology, though, is becoming increasingly more affordable and accessible to the average American, even right here on the Plateau.
Solar power for a brighter future
Bonney Lake resident Mustafa Haziq had his solar panels installed on his roof in 2013, after reexamining how much of an investment he and his family wanted to make in green technology.
“I looked into solar power once, six or seven years ago,” Haziq said. “I’m not an environmental freak, who will at all costs do anything. There’s nothing wrong with that, but I wasn’t going to spend a ridiculous amount of money either to support the environment. I think there needs to be a balance.”
According to Haziq’s research in the mid 2000s, solar panels back then wouldn’t have paid off as an investment for 15 or 20 years.
Now, with local solar energy company Sunergy, Haziq said his investment in solar panels will be paid off in only six or seven years, less than half of what it was just 10 years ago.
“A six and a half year payback is pretty reasonable if you’re going to be in the house for a while,” Haziq said.