-advertisement -

Transcript: 5 cheap ways to go solar

Anchor Intro: With electricity costs going through the roof, maybe you've considered going entirely solar -- a bright idea, but one that can cost tens of thousands of dollars. But you don't have to be rich to harness the sun. Bankrate.com has five ideas for solar on a shoestring.

Voice over 1: One day the sun may be providing 100 percent of your power needs. But that day probably won't be soon, for a very simple reason.

SOT (Paul Farren): "Well, your average house will cost between $20,000 and $50,000 to supply a portion of the electricity. That's before rebates."

Voice over 2: Way too much for the average budget. Fortunately, there are other, much less expensive ways to harness the sun. Example? Solar water heating.

SOT: "Your hot water bill is about 30 percent of your electric bill, so if you go to a solar domestic hot water system, it'll cost you less than $5,000 and it'll give you free hot water forever."

Voice over 3: That's one idea. Another is tubular skylights -- basically, light tunnels that take sunlight from your roof to a dark area of your house. Average cost? $150 to $600.

Voice over 4: Keeping your attic cool can reduce your A/C costs, and a solar-powered attic fan can do it. Average cost? $300 to $700 each.

Voice over 5: Give your cell-phone, laptop or other small electronics a charge with a solar charger, especially handy for outdoors people. Cost? Anywhere from $20 to $200.

Voice over 6: Last and least expensive, solar outdoor lights. They're not only cheap-- as little as 10 bucks a piece -- but they also allow you to add outdoor lighting without digging up your yard for wiring.

Standup: So one day solar may be affordable for all your electricity needs, but there's no reason you can't use the sun right now to save a little money and reduce your carbon footprint. For Bankrate.com, I'm Kristin Arnold.

Bankrate.com's corrections policy
-- Posted: Dec. 12, 2008
<< Back to video
5 ways to go solar on the cheap
Global warming: What it could cost you
12 ways to cut cooling costs
Video: 5 myths about going green
5 myths about going green
Video: Ways to keep produce fresh

Compare Rates
30 yr fixed mtg 4.45%
48 month new car loan 3.77%
1 yr CD 0.89%
Rates may include points
  How much life insurance do I need?  
  Calculate your payment on any loan  
  What will it take to save for a goal?  
- advertisement -