Going solar: A safe place for your money

During these extremely turbulent economic times, people are wondering where they should put their hard earned money for a safe return. The stocks that seemed to be bullet proof are faltering, so it is time to look at how to participate in the new green economy. 

One of the better investments is one which you've got control over, you own, and that needs only very basic ongoing support and maintenance. One of these opportunities are solar photovoltaic panels. There is an up-front cost of installing this system of about $10,000.00 to $14,000.00 per kilowatt/hour. However, the opportunity is watching your electricity meter go in reverse, and the local power company paying you $0.42/kilowatt. This eliminates that cost of installing and storing batteries, but does require an additional upgraded converter. 

Now the math indicates an approximate return on investment of 4.25 % per year. The payback on each kilowatt per hour system is about 15 to 20 years, and the current systems are looking at functioning efficiently for 30 to 40 years. So not only will you be creating clean energy for your neighborhood, but you'll be making money at it. 

So if you can participate and you are fed up trying to work with an erratic stock and bond market, call up your local solar installer and get the complete details for your home.