Solar power isn't just for going off the grid anymore. More and more homeowners are finding solar panels are a great option to supplement their existing power source and lower utility costs.

If you have the cash to make the up-front payment, installing solar panels can be a smart long-term investment. They last for up to 30 years with minimal maintenance. By generating your own electricity, you can reduce or even eliminate your power bill to the electric company. Furthermore, there are federal and state tax credits that can reduce your initial installation costs, making it an even better deal. At the same time, you will be reducing your carbon footprint and reliance on fossil fuels, making your own contribution to the health of the planet.

How It Works

Your solar system will hook right into the power grid. On sunny days, when you generate more electricity than your house needs, you will actually send the excess out along the power lines. Then at night or on overcast days, you will draw conventional energy from the grid. If your conditions are favorable enough, you can make a profit by creating more electricity than you use overall.

The panels can pay for themselves in saved electricity costs in anywhere from two to 15 years, depending on how much energy you create and your state's incentive programs. Many companies also offer financing options so you don't have to come up with all the cash up-front.

Solar isn't a good solution for every homeowner, however, so consider the following factors when making your decision:

The Next Steps

If you think your house is a good prospect, the next step is to contact reputable solar installation companies and get some estimates. Their experts can help you go over the costs and savings and make the decision that is right for you.

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2) A Dwarf Makes Giant News

Astronomers are given the spotlight as they announce that Pluto, the dwarf planet with a changing orbit, has passed Neptune to become the ninth planet from the Sun. It had been the eighth farthest since 1979. Of course, we now know that Pluto is not a planet at all but some kind of ball of rock and ice. 

 4) Re-imagining Literary History

Tom Stoppard and Marc Norman win the Writers Guild Award for SHAKESPEARE IN LOVE. Also nominated were Robert Rodat for SAVING PRIVATE RYAN and Andrew Niccol for THE TRUMAN SHOW.

6) You’re Still the One

Shania Twain wins a Grammy for Best Female Country Vocal Performance for “You’re Still the One,” in which the Twain passionately announces, “We’re still together, still going strong.”

9) Run to the Hills

Gloriously, and to the headbanging delight of metal heads across the globe, Iron Maiden announces that singer Bruce Dickinson has rejoined the band. 

11) The Tumultuous Days Continue for Kid Dynamite

Early in the month, Mike Tyson is sentenced to four years in prison for assaulting two motorists after a traffic accident in 1998. The judge gives him only one year of jail time, followed by two years of probation and a $5000 fine. Days after he begins his sentence at the Montgomery County Detention Center, he is put in solitary confinement for throwing a TV in the general direction of some guards. He is released from solitary after about six days.

13) Return Mail

TLC releases their third album, FANMAIL, after a five year hiatus. The new album sells 318,000 copies in its first week, and it becomes clear to the world that TLC “don’t want no scrubs.”

15) The Dawning of the Age of the File Share

The Artist Formerly Known as Prince makes headlines a second time as he files a lawsuit against nine websites for copyright and trademark infringement. He accuses websites of selling bootlegged recordings and offering unauthorized song downloads.