Save Money with Solar Energy Systems

Some financial advantages when you Save Money with Solar

• The long-term value of solar products – Solar products, such as solar panels has a lifespan of around 20-30 years. If properly maintained and treated. When you account for the initial fees associated with acquiring solar panels and maintenance. Your savings, when accumulated over the lifespan of the equipment could equate to thousands of dollars.
• Personal savings – Solar panels are an effective way to help chop away at those ever-increasing electricity bills. Whether you’re looking for solar panels for your home or a commercial setting. Solar energy can help reduce your expenses. Regardless if you live in an area that receives an adequate amount of sunlight or an abundance.
• Tax credits – The government offers tax incentives on the state and federal level. To help further encourage consumers to make the switch to solar. For residential solar systems, the federal government provides a solar tax credit. This allows homeowners to deduct 26% of the cost of a solar energy system from their taxes. All that’s needed to claim your tax credit is to file IRS form 5695. For example, if you paid $25,000 to have your solar energy system installed. You’d be entitled to a tax credit of $7,500.

Increase Home Value:

• Boost the value of your home – Trying to sell your home is a stressful and highly competitive endeavor. Buyers are looking for homes that can offer more than the other properties available on the market. Which is why selling homes with built-in solar panels is a good investment. Especially if your goal is to catch the eye of eager home buyers. Not only can solar energy systems entice someone to buy, but if you’ve financed your solar panels. You can transfer the loan to the next homeowner. Allowing you to get all the benefits of solar power without the long term commitment. With regard to repayment.

*According to information gather by a Berkeley study. Investing in solar energy solutions can raise the value of a home by $15,000 on average.

• Sell surplus energy. It is not uncommon. Especially for solar-powered properties in areas that receive a lot of sunlight to produce more energy than it can consume. If your utility company agrees, they might credit your surplus energy towards your next bill, saving you money.