It has become clear over the years that green technology solutions are more than just a passing fad. In fact, the National Association of Home Buyers (NAHB) recently released a study entitled “What Home Buyers Really Want,” which reveals that, first and foremost, prospective property owners desire energy-efficient features. However, there are some factors that may be holding people back from making these upgrades, and one of them is the perception that solar energy is too expensive.
According to Media Matters, a progressive online research center, this is one of the most common myths about solar power, and the facts indicate that it is actually quite affordable.
In 2012, Bloomberg New Energy Finance’s report, “Reconsidering the Economics of Photovoltaic Power,” revealed that the price-per-watt cost of solar energy decreased 50 percent between 2008 to 2009, dropping from $4.00/W to $2.00/W. Additionally, technological advancements, process improvements and changes in the industry suggest that this trend will continue in the coming years. In a separate study based on the Department of Energy’s National Renewable Energy Laboratory, experts determined that solar energy will likely be as cheap as our current electricity by 2020, states Media Matters.
If you’ve always assumed that these systems are expensive, you’re not alone. Business publication Forbes reported on a Harris Interactive survey from 2012 that asked homeowners to guess the price of installing solar panels and a whopping 97 percent of the respondents overestimated the cost.
The best way to go about investing in solar energy solutions is to get in touch with a company like West Coast Solar whose knowledgeable staff can take you step-by-step through a fully integrated construction process. We have an extensive background in the roofing industry and will take care of the entire installation to guarantee that you’re getting the best quality products and services.