Wednesday, 06 July 2011 20:05
Written by Matt Henderson, Residential Field Sales Consultant
In the second installment of a three part series, we asked Matt Ziskin, SunWize Sr. Director of Marketing, to put solar module efficiency into perspective.
The first step is to define “solar efficiency.” Ziskin explains the efficiency rate as the percentage of the sun’s energy that a solar module can convert to electricity.
According to Ziskin, “efficiency of solar should be evaluated differently than efficiency of a car engine. With a solar panel, the fuel (sunshine) is free and unlimited. For this reason, a more efficient solar panel will not save you money on sunshine the way a more efficient car engine will save you money at the gas pump.” So what is the right metric?
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Solar Misperceptions – Part Three: Does a Solar Investment Pay Off?
In part three or our series, Matt Ziskin, Sr. Director of Marketing discusses the payback of residential solar under different payment plans.
Like any home improvement, solar systems can vary widely in cost and size. And now, there are more payment options to make solar accessible to more homeowners. Ziskin highlights three ways to think about the financial benefits of installing solar. “Most homeowners evaluate the cost of solar in terms of how much money they will save off of their monthly utility bills, how quickly they can recoup the cost of the system with their post-solar energy bill savings, and how much they can save compared to utility electricity costs over the life of the system.”
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