- Greek Cabinet Approves EU, IMF Bailout Bill
- We're Not Greece: Italian Prime Minister Monti
- Private Homebuilders in the US: Dead Men Walking
- Dividend Payout Could Hit Record Amount This Year
- With Investors So Bullish, Stock Pullback Must Be Ahead
- Obama Likely to Call for Cutting Top Corporate Tax Rate
- New York Fashion Week Fall 2012
- NetNet: Why Saving Greece Could Destroy the World
- My Funny Valentine: When Love and the Fed Collide
- In Search of America's ‘Hottest Forecasters’
- Dow vs. S&P 500: Which is a Better Investment?
- Mick Fleetwood on the MP3 ‘Dumbing Down’ of Music
- Avis on the Road to Strong Growth: Analyst
- Private Homebuilders: Dead Men Walking
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- This Valentine’s Day Love Is Served on a Silver Platter
MOST SHARED
- Greek Debt Saga Back on Center Stage for Markets
- Obama Likely to Call for Cutting Top Corporate Tax Rate
- Special Feature: Wall Street History - How Wall Street Got Its Name
- Obama to Project $901 Billion Budget Deficit in 2013
- Private Homebuilders: Dead Men Walking
- When Love and the Fed Collide
- How to Trade the Turmoil in Greece
- Steelers' Antonio Brown Spends Super Bowl Week with Twitter Fan Turned BFF
- We're Not Greece: Italian Prime Minister Monti
- LinkedIn CEO Calms Post-Lockup Concerns
MOST POPULAR
HOT ON FACEBOOK
Attention Shoppers: Solar Panels, Now on Aisle 5
Text Size 
CNBC News Associate
Going solar is getting a bit easier.
 |
Source: Lowe's Andalay, Akeena Solar's do-it-yourself solar panels. |
“We see this as the start of a whole new distribution lane for solar, and a whole new level of awareness for customers.” said Barry Cinnamon, CEO of Akeena Solar, the company that is producing the solar kits for Lowe’s.
The retailer is selling the panels—called Andalay—for $893 each at 21 stores in California. The items are part of the Lowe’s Energy Centers—kiosks that help customers determine ways they can reduce the amount of energy they use in their homes.
Besides the Andalay, Lowe’s sells other smaller off-grid solar products from SunForce that can be used for powering things like an RV or used for backup power. Lowe’s is also offering wind turbines by special order.
Other big box retailers have offered solar power before. Home Depot [HD Loading... ()] once sold a do-it-yourself solar kit in stores that it now sells only on its Web site. However, the retailer does sell solar panels through special order and provides installation services. “We saw that our customers wanted help installing them,” said a spokesperson at the company.
Costco [COST Loading... ()] also sells off-grid solar units on its Web site for RVs and will start selling them in stores as a seasonal item in March.
Experts say the compelling part about the Andalay panels is that they have fewer components and wiring than other panels, making them easier to install.
Also, while homeowners usually have to buy multiple panels, customers can buy just one from Lowe’s “and see if they like it and want to add more to the system," says Cinnamon. One panel can generate enough energy to power a television for a year, he says.
“It’s impressive that they are the first in a big box retailer. It’s a real coup,” said Jennifer Schwab, director of sustainability at Sierra Club Green Home. Investors had a similar reaction: Akeena Solar’s stock [AKNS Loading... ()] shot up over 50 percent on Thursday after the announcement.
But other aspects of adding a solar system may prove challenging.
First, “you have to have the guts to get them on your roof,” said Schwab, whose organization is dedicated to helping people be more sustainable at home. It will take a moderate to experienced do-it-yourselfer to get that job done.
Robert Strong, an architect who teaches a class on how to install solar panels at Pace University in New York, says that installing panels could be tricky and problems such as a leaky roof could arise if the installation isn't done correctly.
Another benefit of hiring professional installers is that they handle necessary paperwork such as the permits and forms that allow homeowners to receive tax credits from the government and incentives from utilities.
Though more experienced people may be able to get the panels installed, a professional electrician is necessary in order to connect the panels to the grid. “This is serious, putting voltage back into the grid,” said Strong.
Even if do-it-yourself solar is not for everyone, having the panels easily available in stores still has its benefits.
“It’s creating public awareness, and that’s wonderful,” Strong added.
- Marketing clichés aside, sometimes diamonds are for investing.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
- This list of the 10 most active cities for speed traps was compiled by Trapster.com. See if your town is there.
- This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
- Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
- What kind of homes do celebrity couples share? Here’s our updated list. Take a look.
Data is a real-time snapshot *Data is delayed at least 15 minutes
