Would you like to produce your own energy? Would you like to have energy left over to sell back to the energy company? These concepts may be possible depending on your need. Photovoltaic(PV) systems range from small energy output to large. They can range from a couple hundred dollars to a couple hundred thousand. The MyGen3000 grid tie PV power system lands right in the middle. It is made Kyocera, and costs roughly 24,000 dollars. The PV system works by drawing energy from the sun and turning it directly into electricity that you can use. It is ideal for Residential and small commercial buildings. It produces any where from roughly 2400-4000 Kilowatt hours of electricity. If your house uses 10,000 KWH than your electricity bill will be cut in about half.
There are advantages to having a power grid tie in system. If you live in a very sunny climate, you will produce greater amount of energy versus less sunny. This means that you will recoup your investment in a faster time. If you produce more electricity than you use, you will actually get money from the electric company. Many states offer rebates to help make the cost of the Kyocera even more affordable. Energy will only become more expensive, the amount you save will be more in later years.
There are disadvantages to installing grid tie-in system. The initial costs are heavy. Beyond the initial unit, installation can range about five to seven thousand dollars. In place where the sun does not shine as much, this product may not be worth the cost. If you are willing to invest the initial cost, than you will get you money back, but it will take about ten years. While there are state rebates around, most of them will not get you that much back per unit.
There are many companies that are now starting to make complete grid tie-in systems. Sharp, Sanyo, Evergree, SMA, and BPSolar all make similar products.
Would you like to be making electricity instead of paying for it? If you have the need, buy it. It is not going to be cheap. As solar technology advances, so will the products and prices. Until then it remains a fairly expensive venture to try and become more energy independent. If you are in the market for a new house, it could be a perfect opportunity to put the cost of the PV grid into the mortgage for the house. You will have an energy saving and cost efficient home right from the start.