Whenever you consider adding solar panels to your home, one of the most common questions that comes up is exactly how much it is going to cost. While there is definitely a cost associated with adding a photovoltaic panel array to your home, it is important to consider the different options that you have for payment, as well as the money that you will save on your monthly utility bills.

While there are a wide number of factors that go into determining the overall cost of the solar panel array, most homeowners are who are interested in doing this are able to find a way to help alleviate the cost of buying an array outright. Solar installation is a relatively simple undertaking with a rather complex technology backing it up. As a result, there is a certain level of care that solar installers must take with sizing and installing a solar power system for your home. When getting started with a new solar panel installation project, you will first need to determine the total amount of electricity that you use on average. You will then need to decide how much of that electricity you want to come from your solar panels. The installation crew will then use this information to choose appropriately sized panels to complete your solar panel installation.

So How Much Will It Cost?

Without knowing more about your specific situation, it is difficult to tell exactly how much adding a solar power system to your home will cost. Your best bet is to get in touch with a solar installer in your area to discuss costs for your particular installation. Whenever it comes to payment, however, keep in mind that you have many different options available. You can find extensive information on our solar power info website regarding solar leasing, which has quickly become one of the most popular ways to pay for solar panels. With this method, you lease the system for a monthly, but keep all of the power that is generated. This typically results in a net gain for the consumer.

Have you ever wondered about the difference between single-phase and three-phase circuits? If you currently reside in North America then you are likely accustomed to single-phase circuit power throughout your home. Although single-phase circuits are popular among residential homes and smaller commercial business buildings, some businesses may consider switching to three-phase circuits in order to reduce long-term electricity costs and improve the efficiency of their building’s electrical power supply. In order to provide you with a better understanding of the difference between single-phase and three-phase circuits, Expert Electric breaks down the difference, advantages and disadvantages of each below:

Single-phase circuits are generally used to power residential homes and smaller business buildings whereas three-phase circuits are common in large industrial buildings that require a more significant amount of electrical power. Not only does a single-phase circuit require a larger electrical current than a three-phase circuit, it is less efficient with its transferal of power. This is because its current only alternates between two wires; therefore, there is a point in the process where the electrical power in a single-phase circuit drops to zero. Since a three-phase circuit transfers the current between three wires, it is more efficient with the transferal of its electrical power and therefore never allows the power to drop to zero. This allows a three-phase circuit to provide electrical power to systems that demand more electricity.

The advantage of implementing a three-phase circuit is cost-savings. Three-phase circuits are more efficient with their transferal of electrical power; therefore, they are capable of powering much more at a lower cost. Office buildings and manufacturing plants can still operate with single-phase circuits although they would be more efficient with their power supply if they made the switch to three-phase circuits. The real difference between single-phase and three-phase circuits can be seen in large data centers and manufacturing buildings. These large facilities require more power to run their operations and will therefore witness greater efficiency and savings by making the switch.

Pay as you go electricity plans allow consumers to pay for their electricity in advance. The plan, which uses prepayment meters, helps consumers to monitor and control the way they use electricity. This saves on energy costs.

Keypad based prepaid meters: This meter has a keypad to input the electricity token number. Consumers purchase the credit using a variety of methods. These include visiting the agent, paying through banks or mobile payments in some countries.

Key meter: Consumer uses an electronic key loaded with the tariff information and credit.

One way card system: Uses a disposable card. The user purchases power with a reloadable debit card. The loaded card is then passed near the meter, which has an in-built card reader.

Two-way card systems: Uses a smart card and the meters have a real-time, two-way communication capability. It is one of the most secure, but more complex and expensive methods to implement.

These allow consumers to interact with their meters and query balances using their mobile phones by sending an SMS to a monitoring system. In addition, the user is able to track electricity use by the hour, day, month or annually using the phone or online access.

These smart prepaid meters offer easier top up options. They include online payments or by text, as well as scheduled and auto top-ups.

When using a prepaid meter, the customer must keep track of the remaining credits and replenish to avoid disconnection.

Ensure there is enough credit when going away for long periods. The meter will continue collecting the standing charges even when on no load. Consumers should ensure they have enough credit to last until they return.

Some crooks will take advantage of the consumer’s lack of knowledge and offer them cheaper credits than those bought directly from the utility company. For example, they will sell their credits at half price. This is more common with Key Prepaid Meters and the crooks will usually have master Keys, which they use to top off the consumer’s meter.

If the energy company finds out, the consumer ends up paying twice for their electricity; first to the crook, and then to the energy company.

To avoid falling victim: