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Sun Volt Solar

earth, the final frontier

Clean Energy, Clean Environment

We are at a cross roads in human history, we can choose to continue on as we have been, or we can make a change to improve our future and quite possibly the future for several generations to come. We are here to promote energy independence, a better environment, a secure future and a higher return on investment for your hard earned dollar. It is what I believe in, it is why I am in the solar business.

Is it a good time to buy a solar system?

07 May 09 | Commentary

Short answer:  It is always a good time to buy a solar system.

Now is especially good however because there is an overstock of Photovoltaic panels and Thermal collectors.  Prices are lower than they have been in several years.

Of course, going against this over supply is a general lack of credit and/or cautious outlook.  That is understandable in any circumstance because solar systems require a large outlay of money, more so for PV.

Here is a short list of reason why now would be a good time to install a solar system:

  1. Lower prices.  Most distributors have an overstock of PV panels on their hands that they would love to move.  Prices have dropped about as far as they can go without some companies going out of business, which would be bad.
  2. Installers (like my self) are looking to fill in some installation dates on our calendars this summer.
  3. Energy prices are relatively low but that will change once the economy begins to recover even a little bit.
  4. Excess government borrowing and huge national debt is likely to trigger high inflation.  Now would be a good time to get your energy prices locked in for the next 20-30 years.

Increased oil prices may be coming sooner than most people think.  Right now Crude prices are slowly moving up to $60.00 per barrel.  Motor fuel is inching up slightly faster because refiners have closed down several refineries to put some downward pressure on the supply side.

High inflation is almost inevitable at this point.  There does not seem to be any other logical conclusion about the US financial system other than the creation of vast amounts of dollars by the Fed to bailout banks will have consequences.  Look for inflation in the mid teens starting in mid 2010-11 or so.

When a homeowner purchases a renewable energy system, they in essense, lock there energy prices at a certain rate for the life of the equipment.  For example, if a 2 KW PV system costs $7,000 (after incentives)  installed and generates 79,000 kWh over the next 25 years, the cost of that electricity is $0.08 per kWh.  Less than half the current NY state average of $0.165 per kWh.  That is a great hedge against energy price inflation.

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07 May 09 | Commentary
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