Wednesday, April 22, 2009
So... If you didn't hear, it's Earth Day!
So, I went over to this company called Roof Ray outlined a few parts of the roof on my parents home, and guessed how much power they spent on Electricity each month ($1,000 maybe? I don't really know...) and told them to estimate how much power could be generated and money could be saved. I was a little surprised. I sort of thought it would generate more power... but then again I guess they aren't on the equator... But still (Assuming a $1,000 monthly power bill) they could save anywhere from about $150 to $500 a month. Which could translate to about $3,900 a year. I guess that would be kinda nice 'A'? Anyway... I was also curious what impact just the southern facing part of their roof would have, and that was a meager $700ish dollars a year... The big storage garage could save as much as $2,400 a year in savings...
So, there you go mom... and just so you know, the southern face of your home would cost at least $2,670 for just the solar panels (you would also need the equipment to tie it into your home's power... The big garage would cost $8,760 and your little garage would cost $2,410... for all of it it would cost $13,840 to cover all the surfaces listed above with solar panels. That means it would take at least 3.5 years for the panels to pay for themselves, and then you would start actually saving money. However, you will usually need to spend an extra $1,500 to $2,000 for the equipment to hook the solar panels into the grid. So, you won't actually start saving money for 4-4.5 years.
So, is that worth it? Well, ask yourself this, is the price of power going up or down? So, in the future, you will probably be saving more money that you would be saving right now.
But, when it comes to power, the money is always one of the smallest number... If you pay just as much as me for electricity ($0.1 per Kilo Watt Hours (KWH)), that means that (with the whole system) you'll be saving about 39,000 KWH per year... 97lbs of NO2 per year... 307lbs of SO2 per year... and 64,864lbs of CO2 per year... (all assuming a $1,000 monthly electric bill and $0.10 per KWH)
On a similar note, under the assumed conditions, my parents' house would use 120,000 KWH every year... and would annually generate 299lbs of NO2, 945lbs of SO2, and 199,583lbs of CO2...
So, in short, you could save more in CO2 emissions from installing solar panels than I produce in a year...
Just some food for thought.