A thorough cost/benefit analysis of installing rooftop PVs on a home has to take into account numerous factors including climate, the cost of electricity, financial incentives, and home electric usage.
The average cost of rooftop solar power—including installation and projected life span of the panels—is now equivalent to the national average for utility-supplied electricity, or about 12¢ per kWh. Local factors such as the amount of sunshine a home receives and the local cost of electricity supplied by a utility make a big difference in calculating costs and benefits. With rapid advancements in solar technology and manufacturing efficiency, this analysis can rapidly go out of date, however.
Advertisement
Related Stories
Codes + Standards
Public Comment Period Opens for National Green Building Standard Updates
The 45-day public comment period for draft 2 of the 2024 NGBS begins on April 12, 2024
Codes + Standards
Public Comment Period Opens for 2024 National Green Building Standard Update
The 45-day public comment period opened Aug. 18, and comments must be submitted by Oct. 2, 2023
Codes + Standards
The Inefficiencies of the Latest Energy Code
The 2021 edition of the International Energy Conservation Code (IECC) hampers the return on investment for builders and homebuyers