Can solar energy replace fossil fuels on Pitcairn Island?

Pitcairn’s authorities have launched a renewable energy project designed to replace fossil fuels with solar energy. The goal is to replace 95% of the current diesel consumption on Pitcairn Island (75,000 liters per year) with a combination of energy saving and solar electricity through the installation of a hybrid photovoltaic solar energy system.

How much does it cost to install solar panels?

So, if the calculator gave you a lifetime energy cost of $26,099 for a cash purchase, you can estimate that installation labor will make up around $1,300 and the solar modules themselves cost around $4,700.

Are the Pitcairn Islands Green?

Pitcairn Islands, a group of five islands with a total area of 47 km2 and which constitute one of the most remote archipelagos in the world, turn to safer, greener energies that best meet the needs of the population. Pitcairn’s authorities have launched a renewable energy project designed to replace fossil fuels with solar energy.

Should you buy solar panels from a full-service installer?

If you purchase through a full-service installer, you will likely get a lower price for each panel than buying them individually from a retail store. It’s worth noting (as we’ll explore further below) that solar modules typically make up less than 20% of the overall cost of a home installation.

Are solar panels a good investment?

Solar panels are much more efficient when solar radiation is high, so you won’t need to buy a giant system to offset your energy use. If you live in an area with net metering or Solar Renewable Energy Credits, you can expect to make thousands back over the course of a decade.

What financing options do solar installers have?

You’ll see four major financing options when dealing with a solar installer: cash purchases, solar loans, solar leases, and Power Purchase Agreements (PPAs). With a cash purchase, you’ll pay for everything right off the bat.