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Benefits And Costs Of Solar Power

Solar energy has never been more popular – and it's no wonder why. Global oil supplies are growing scarce and more expensive every year, and we are all too aware of the perils of continuing our dependence on fossil fuels. So now is the perfect time to make an investment in the world's most abundant renewable energy resource – solar power.

There have always been compelling environmental reasons to use solar power in your home or business. A Positive Energy utility-intertied power system allows you to get part or all of your electric power from renewable sources, and reduces demand on existing coal, oil, gas, hydroelectric, and nuclear generating plants. And thanks to lower solar equipment costs, technological advances, enlightened utility regulations and generous government incentives, solar power now makes economic sense as well.

Powering your home or business with solar energy demonstrates your commitment to a healthy environment and a more sustainable future for us all. Consider just a few facts that support the decision to go solar:

  • Over sixty percent of our electricity comes from coal which is burned in large, polluting, centralized plants.
  • 40 percent of all CO2 emissions from fossil-fuel burning result from the generation of electricity.
  • The average New Mexico household’s electric use generates about five tons of carbon dioxide and consumes nearly 3000 gallons of water each year to generate that energy.
  • Photovoltaic (PV) systems emit absolutely zero greenhouse gases that cause global warming.
  • A typical three-kilowatt residential solar system keeps three tons of CO2 (carbon dioxide) out of the atmosphere each year. It also reduces the water consumed to produce electricity by 1,800 gallons per year.
  • A solar panel requires just 2 to 3 years to generate the same amount of energy used in its production.

With no moving parts to wear down or break, solar power systems offer years of trouble-free use. Solar panels make no noise and emit no pollution whatsoever. Solar power reduces your dependence on non-local energy sources and helps you control your energy costs, no matter what’s going on in global energy markets.

In New Mexico you cannot find a cheaper source of clean energy than photovoltaic power. Electric utility prices are widely expected to continue their inexorable rise, but making the sun your own power source will help protect you from rate hikes for 25-40 years or more. And with incentives such as state and federal tax credits, you can significantly lower the initial cost of your PV system and reduce the time it takes to earn back your investment. Today’s economic incentives have made it possible for you to be “cash-positive” very quickly after installing a solar PV system.

In today's uncertain financial world, investing in solar power makes even more sense. The return on your money will only grow over time, your investment is virtually risk-free, and installing solar power increases the value of your property. How many investments today can make these claims?

When you install a solar system, you are essentially “locking in” your utility rate at today’s prices for the amount of your consumption covered by solar electricity. This clean source of locally generated energy provides a lifetime of security. The modules have a 25 year warranty, and we expect that a solar system installed by Positive Energy can be relied upon for at least 40 years.

New Mexico is one of the top five states in the United States in terms of promoting clean energy with progressive laws and incentives. Now the challenge is in meeting the growing demand with quality products and services. This is one economic sector that is growing by leaps and bounds in an economic climate that is devastating other trades.

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Positive Energy, Inc. | Main Office: 3201 Calle Marie, Santa Fe, New Mexico 87507 | 505-424-1112 | 505-424-1113 fax
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