Monday, December 30, 2013

The Soft Costs of Residential Solar Power

Love the sun? Then it would only make sense that you would also embrace residential solar power and get photovoltaic (PV) cells installed in your yard or on your roof. Right? Well, maybe…

In the past few years, the hardware costs of solar panels have dropped immensely. Much of the technology now costs consumers 60% less than it did three years ago. Very few costs change at that rate. Gas can change 60% in three years, but in the opposite direction. So if it’s not the hardware that’s daunting, what’s keeping the price tag high on residential solar power?

Soft costs aren’t declining anywhere near as fast as the hardware. Permit fees, taxes, indirect costs, marketing, installation, and supply chain costs now make up most of the price of solar power. At a whopping 64%, it’s easy to see how these ‘small’ fees add up. The Department of Energy is working to bring these costs down with their SunShot Incubator program for innovation, but the going is slow. By 2020, their goal is for residential solar power to cost 75% less than it did in 2010.

You don’t have to wait that long for some level of renewable energy in your home. AspectSolar products are a fraction of the cost of getting professionally installed PV panels in your home. It may not power a house (unless you’re super frugal with electricity), but the EnergyBar can power your fun outside of one. While you’re waiting for those costs to plummet, use our long-lasting LiFePO4 battery for your weekend. Charge it with the EP-55 solar panel in your backyard and use the EnergyBar to power hours of fun in the car. Or use it for more essential functions like powering flashlights, GPS units, or charging batteries for photography and film equipment.


Or, once prices drop a little, use the EnergyBar to charge your power tools and install solar panels for your home. It’s not like you’ll stop needing portable power once you have residential solar power.

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