Solar Panels let you Own your Electricity
If you are buying electricity from the power company, you are renting those watts, generally at a rate of 8 - 12 cents per watt hour used. If you are a business and consume large amounts of electricity, you generally also pay a demand charge or fee, based on your highest peak usage durng the billing month.
If you install an electric solar system, then you own the electricity being generated, and do not have to pay rent to consume it. For businesses in the right utility areas, not only do you own the electricity you get to use for free, but the power company will pay you rent on it as well!
So, one more advantage to installing a grid-tied photovoltaic solar energy system is that you go from being a renter of electricity to the owner of your electricity. Like your house, once the system is paid off, you own it and what it generated free and clear.
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April 12th, 2010 at 11:04 am
For me it is better to use solar panels than buying electricity from the power company because you can save more money as well as saving the earth….But the question is Does solar panels are affordable and its durability can last long or even for a lifetime?