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Re: scotchfaster post# 1036

Wednesday, 08/01/2007 6:55:01 AM

Wednesday, August 01, 2007 6:55:01 AM

Post# of 6630
PV is becoming more efficient and affordable. According to Smart Money magazine (July 2007), "The cost of installing solar panels has quietly fallen by half over the past 15 years, cutting the cost of a system that can power a typical home to about $30,000." "Residential installations rose 56% last year, to more than 7,400. That's admittedly a tiny number, but it's a big leap from 2000, when all of 339 households switched."
"In the old days, homeowners had to store solar energy in a bank of batteries the size of a small closet that cost up to $7,000. Now most new systems hook up to the electric grid, and households receive credit for the wattage they generate, a practice called "net metering" that's now available in 41 states. If you produce more than you consume, some utilities will even buy the surplus."
"According to a study by ICF Consulting, every $1 reduction in annual fuel bills increases a home's resale value by $10 to $25."
I think if Trendsetter could catch onto this trend and sell more PV panels and installations, it could be huge for their business. Imagine the millions of households that are ready to install solar panels and generate their own electricity.

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