Solar Panel Prices Have Fallen!
Here's a great example of Solar Power being brought into use for family homes. Solar panels are the number one way to lower your exposure to grid prices and problems. Every year there are brown-outs and cutbacks on the power supply to areas that need it most. It's time to start thinking about alternative energy sources for your own home.
Greater New Orleans
Times-Picayune
Energy-saving solar panels crop up in new Central City homes.
Published: Sunday, June 24, 2012, 9:00 AM
As she settles into her newly built three-bedroom home in Central City, Denise Patton is looking forward to getting her first utility bill in the mail. She can't wait to see how much energy she has saved, thanks to the solar panel array installed on her roof.
"Then I'll know," said Patton, who is optimistic that she can cut her power costs by 50 percent or more. "I don't know right now, but I'll know when I get it."
Patton was one of three first-time buyers who recently moved into a new home built by Harmony Neighborhood Development, a nonprofit development group formerly known as the New Orleans Neighborhood Development Collaborative that has used federal funding to convert blighted and vacant properties into affordable housing in Central City.
Harmony plans to build at least 11 more homes in the neighborhood this year that will be equipped with solar panels, with funding provided by the Department of Housing and Urban Development.
Falling prices of solar panels have made the equipment attractive to consumers in recent years. But Harmony and other nonprofit developers have been able to afford solar panels, once considered too expensive and out of reach of such projects, through an initiative from Make It Right, which established a separate, for-profit entity to leverage the available tax credits and lower the upfront costs for others.
Under the deal, Make It Right Solar buys the equipment and pays for its installation, covering up to 80 percent of the cost of the panels with federal and state tax credits. From there, developers are on the hook for the remainder of the cost, working out to about $5,000 to $7,000 per unit.
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It's going to be a hot summer and power companies want to charge you premium prices to keep you cool. Look into Solar Panels as an alternate source of home power.
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