Our goal in researching this topic was to create a guide to cost-effective solar power solutions for anyone interested in applying solar power to their home, regardless of their budget. We analyzed the feasibility of implementing solar panels in residential applications. The solar technology market can seem daunting to the average consumer. This was rectified by compiling information into a table and comparing the cost of several different types of systems with the efficiency and the estimated payback period of each system. We looked at solar manufacturing company websites to find estimates on photovoltaic and thermal water heating systems. The payback period was estimated by subtracting the amount of money saved on the average consumer’s utility bill, factoring in federal and state incentives, and calculating the amount needed to pay off the adjusted cost of the system.

Creator

• Meissen, Rebecca
• Rich, Oliver
• Johnson, Michael
• Warren, Kyle

Contributors

• Savilonis, Brian J.

Subject

• Power the World

Publisher

• Worcester Polytechnic Institute

Language

• English

Identifier

• GPS_2008_POWER_Home_Scale_Solar_Power

Year

• 2008

Date created

• 2008-01-01

Resource type

• Poster

Rights statement

• In Copyright

License

• Creative Commons BY-NC Attribution-NonCommercial 4.0 International