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General Cost Comparison

 

 

Solar Power System 

Utility bill

Initial cost = $20,000 to $30,000 minus government incentive (50%) = $10,000-$15,000 Initial Cost = $0 (if grid tied)  

Initial cost = HUGE if you have to extend utility cables

Average monthly maintenance cost = $5 - $10 Average monthly utility bill = $100
Average life = 25 - 30 years
Total Cost after 25 years = $11,500 - $18,000 Total Cost after 25 years = $30,000
Total Cost after 30 years = $11,800 - $18,600 Total Cost after 30 years = $36,000

To determine the savings for your specific home you must go through the step by step design process outlined in this web site.  However, this cost comparison shows that alternative energy is currently cost effective.  If you have wind power generation or hydro power generation capabilities then your system cost will be even lower.    That is why so many people are designing and installing their own home power systems.  This site will show you how simple it is for you to do the same.


 

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Last modified: May 05, 2002