Dick and Chloe Goho are fanatics of solar power and have installed 20 solar panels at their home in North Carolina. They received 65 percent state and federal tax credit towards the purchase of the system. Dick and Chloe’s home feature solar hot water heating, LED Lights and solar skylights.
The Goho’s ultimate ultimate goal is to reduce their consumption of energy. Since installing the photovoltaic solar panels a year ago, the couple have reduced their energy consumption from 800 KW to 320 KW monthly.
Chloe, who is a retired financial analyst, estimates that it will take at least eight years for the solar system to pay for itself. This is because the system has practically cut their electricity bill in half. Previously, the couples typical bill was $100 but their most recent bill was $40 and the system was only on for two weeks for that month.
According to figures released by SNL Energy, the United States solar energy development is growing at record pace and is expected to exceed the 1675 megawatts that was built in 2012. This record development is as a result of falling costs of solar construction.
North Carolina is ranked third among the pioneers of solar development with 803 megawatts. California tops the charts as the state with the highest number of projects under construction or in advanced development with 6,047 megawatts. Nevada ranks second with 1,056 megawatts.
Four of the 10 largest projects completed in the quarter were built in the North Carolina. The 5 megawatt projects were built by Strata Solar. The state also ranked highly in prospective projects. Plans have been announced by Sun Energy1 and the Sustainable Energy Development Corp for three projects totaling 52 mega watts that could come on line this year. These three projects are also ranked in the top 10.
Click on the following link to read the full story. http://tinyurl.com/lw3pmn6