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Is Solar Energy Affordable Yet?

The monthly electric bill is a big part of monthly expenses, particularly in the winter. There are several ways to reduce your electricity use, from not overcharging your devices overnight to changing your lightbulbs to energy efficient versions to using the energy efficient options on your washer/dryer, for example. But, the one change that makes the largest impact could be converting to solar panels.

According to the Solar Energy Industries Association, solar panel installation has grown 59% in the last 10 years.

Although the cost of solar panels has dropped in recent years, installation can cost up to $30,000. To help, there is a 30% federal residential renewable energy tax credit available (visit energy.gov for more information).  For families with limited or fixed incomes, there are programs for no-cost solar panel installation.   

If installation prices continue to drop, solar energy may soon be an affordable option for all. Or perhaps a community-based solar project will be possible. Connecticut passed legislation in June, 2015 authorizing a shared renewable pilot program.

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