Savings. Savings. Savings. The basis for any product these days is based on how much you can really save when purchasing them. Cutting down costs can also cost so much but not with installing your own solar electric panels.

Solar panels are becoming more of a necessity today than it did years ago. You can say that people are becoming more environmentally aware now than before. Regardless of what the benefits of solar electric panels are you are still concerned about how this technology can help you save money. When purchasing panels you can choose to buy cheap ones that guarantee the same efficiency and durability like new ones do. Moreover you can also save money if you know how to build your own solar electric panels and installing them yourself.

Just how much can you save by building your own solar electric panels? Compared to purchasing a newly constructed solar panel versus constructing your own can give you a cost cut down of $1-2 per panel inclusive or exclusive of labor. There are also other savings you might want to check out when you are the one to buy all the materials you need in constructing your own solar electric panels. To construct your own panels to power up an average household can save you as much as $35,000 to $45,000. This significant amount you can save is true for a small-scale solar energy system to power up your home. The savings you can have may also depend on how big or how small the solar panels needed to be installed.

Although building your own solar panels can save you significant amounts of money it can only guarantee you benefits for up to 25 years. As it approaches its 25th year, you’ll notice that its performance is less efficient than those panels built with precision and good engineering.

Saving money is a great idea especially when you can save up to $45,000. This amount is not bad enough when you are building your own solar electric panel. It can help you cut down the construction and installation cos,t plus cut down on your overall electricity cost.

To learn more about building your own solar electric panels, then read below:

FREE! “Discover The Secret To Reducing Your Carbon Footprint While Saving THOUSANDS in Energy Bills…”

Click the link below to get the free special report:

DIY Solar Panels

If you wonder what’s the actual cost of a homemade solar panel, keep reading! The cost of commercial solar panels have an average return of the investment of ten years. So in about five to ten years you should be able to recover your initial investment due to lower electricity bills.

This figure will vary greatly depending on:

• The quantity of power you consume
• The location of the solar electric panels on your roof
• The amount of sun exposure you have

Also different states around the country offer different incentive programs and rebates for the purchase and installation of solar panels. You may call your local building department to inquiry about their programs. It may well save you thousands of dollars.

The amount of solar panels you may need is actually not depending on the size of the building (as it may seem at first) but on the electricity you consume. Therefore the first step would be to get your last electricity bills (up to a year to have a better calculation), add the total kilowatt hours from the utility bills (kWh) and divide it by 1930.

This formula will give you a quite approximate size in kilowatts of the photovoltaic panels you will actually need. Commercial systems cost from %5,000 to $9,000 per kilowatt installed (before any rebate)

For example: if your utility bill tells you are using 12,500 kWh per year and your cost is $1,800/year:

12,500 / 1,930 = 6.47 kW. That means you will need a system able to generate 6.47kW

And that system would cost you: 6.47 kW * $7,000/kW = $45,290 (taking an average installation value of $7,000)

With a 30% rebate your bill would be reduced by $13,588 and you would have to come with $31,703 (out of pocket). If you then factor tax credits you would have to end up paying around $16,000

And since your yearly cost is $1,800 you will have paid for your installation in ($16,000 / $1,800 = 8.8 years)

You should take also into account the physical space needed to install the system:

To generate 1kW you may need a bit less than 100 square feet of solar panels, So for 6.47kW you may need around 600 square feet of roof space. But if you can’t afford a commercial solar electric panel installation you may look to other valuable alternatives like DIY photovoltaic panels.

There are plenty of books and eBooks around that can help you in this task. Just take the time to analyze your best option and go for it!