Myth #2: Solar power is too expensive. Expensive is a relative term. Though the average price of utility power in the U.S. is a little more than $.10 per kilowatt hour (kWh), if you live in some of the most populous areas you could be paying quite a bit more. Residents of California, New York, New Jersey, Illinois, Pennsylvania, and other states can pay upward of $.35 per kWh at times of peak power usage (when solar works best). Many of these same states have rebates and incentives to help buy down the cost of solar power. The Federal Government is offering a tax credit incentive of 30%, and NY State offers 25% (up to $5,000) that reduces your cost even more. And the value gets better over time as utility costs rise. When was the last time your utility reduced its rates?
Remember that solar energy is a clean technology: no pollutants, no noise, no clean up. The alternatives (i.e. the power sources that most people are using, including natural gas, coal and nuclear), are not. Nowhere in the cost of electricity generated from these sources is the cost of clean up added in. Think about it: What would the price of your power be if the cost of cleaning up the air and water from industry power production were added into your utility bill? Would you still consider solar to be expensive if it were? Another point to keep in mind is that when you pay your utility bill, all you really get in return is… well, the right to pay next month’s bill. An average family in the U.S. will pay more than $100,000.00 to the utility company in their lifetimes. You own your home, so why rent your electricity?