Next Step
Step 3
Lower the world’s dependence on fossil fuels and nuclear power plants to help create a brighter future for generations to come.
Frequently Asked Questions
I thought you might like to know…
The estimated cost to manufacture the motor/generator is $500. The suggested retail price is $1,500 retail. Other hardware will also be needed, which will increase the retail cost to about $3,000. This price should beat the cost of solar, hands down.
The average cost range for installing solar panels for a 2,000 sq. ft. home is between $15,000 and $40,000. Your costs are determined by how much electricity you use each day. (Source: www.fixr.com; Mar 17, 2021)
There’s no question that solar panels generate electricity by using the sun’s rays, so it’s easy to assume that if the sun is not shining, you will be without power. While solar panel efficiency will be best in full, direct sunlight, solar panels in cloudy weather or indirect sunlight will still function.
The global solar energy market was valued at $52.5 billion in 2018 and is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026. (Source: businesswire.com)
A solar lease or solar power purchase agreement (PPA) is a bad choice for many people because solar leases and solar PPAs usually have an escalator clause that raises the cost of your electricity by a fixed amount every year. You could end up paying more for electricity than if you didn’t go solar at all.