There are a number of reasons why people choose to install their own solar photovoltaic systems. Some people recognize the environmental benefits of renewable energy and choose to purchase the system because they are non-polluting.
Others see it as an investment for the solar photovoltaic technology as a value of their property. They see PV as something that can increase the value of their homes. Some people invest in solar technology because they see it as security against the increasing price of electricity.
Lastly, some people want to be completely independent of their utility network and want to live off the grid. If you are building a house from the ground up, you should investigate the price run-line utility to your home.
In rural areas, the cost of running the utility lines for remote homes can cost more than installing a solar power system, making it much more cost-effective to go with solar.
Thousands of homeowners and businesses have implemented solar power as a cost-saving strategy. With the economy the way it is, and the price of electricity will rise from month to month, it makes a lot of economic sense to install a PV system
The main objective is grid parity, where the cost of solar electricity is equal to or lowers than the price of the existing electricity grid.