Could A Solar Heating System Help You Keep Swimming Pool Costs Down?
02 Sep Could A Solar Heating System Help You Keep Swimming Pool Costs Down?
6 things you must know about going solar
From Yahoo Homes
Swimming Pool owners have a special attachment to the outdoors. They love using their pool and their outdoor living space, which is why they took the plunge and installed the swimming pool in the first place. What new swimming pool owners sometimes don’t fully comprehend is the increased costs that are associated with ownership. The costs of electricity, gas, and water are sometimes a big surprise to some new owners. Some owners are looking to alternative technologies to help mitigate the costs of ownership. This post from Yahoo Homes gives some great tips on one such technology, Solar power.
Here is an excerpt from the post:
1. A bright idea gets cheaper.
Since 2007, the cost to buy a solar power system has fallen by about 50%, to an average upfront cost of $4,590 per kilowatt, says the Solar Energy Industries Association (a typical home system ranges from 3 kW to 7 kW). You would recoup your upfront cost in an average of seven to 15 years, the Solar Foundation reports. The higher the electric rate you currently pay, the more sunshine your location receives, and the greater the financial incentives that are available to you, the better your return on solar will be, says Jonathan Bass, vice-president of communications with SolarCity, the largest system installer in the U.S.
2. Get out your tape measure.
For each kilowatt of capacity, you’ll need 100 square feet of space that faces south and is mostly unshaded. Panels may be mounted on a flat or sloped roof or in your yard. In addition to the panels, you’ll need an inverter—which converts direct current to alternating current—a tie-in to the grid and, in many cases, a monitoring system that tells the installer how much power you’re producing.
3. Uncle Sam wants to help.
Through 2016, you can take advantage of a federal tax credit that lets you write off up to 30% of the cost of buying and installing a solar system. You can finance a system with cash, a home-equity loan or line of credit, or a low-cost solar loan. You may trim your cost further with incentives, such as rebates or sales- or property-tax exemptions, from your state, municipality or electric utility. (Visit www.dsireusa.org/solar to find loan programs and incentives where you live.)
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