Benefits of Solar

1. Reduce your Electric Bill

Installing solar panels on your home will reduce your electric bill by allowing you to source your own energy directly from the sun rather than paying for electricity from the utility company. While solar obviously doesn’t provide energy during the night, you can store excess solar energy produced during the day for use at night further reducing your electric bill. Think of solar as an investment; you pay a lump sum up front for 25 year’s worth of electricity. The average home can save between $50,000 and $200,000 over the lifetime of the system when compared to buying electricity from the utility for 25 years.

2. Tax Credits

Renewable energy systems are eligible for the Investment Tax Credit (ITC). Currently, the ITC amount is equal to 30% of the cost of the system you install. 

3. Backup Power

When paired it with a battery, a solar energy system can provide backup power in a power outage. Similar to a generator (minus the noise) a battery will allow you to power your essential electrical appliances and electrical circuits in your home when the grid goes down. Essentials are your lights, fridge, internet router, etc. Multiple batteries can be paired together to power large appliances and pumps if desired. Like solar panels, solar batteries are also eligible for the tax credit.

Full System Ownership

Ownership of your solar system means you will enjoy all the long-term financial benefits as well as the abundant energy your system produces. Purchasing the solar system as opposed to leasing is your best option. Purchasing allows you to maximize the financial benefits of the system rather than just the environmental benefits. It assures you are eligible to reduce your federal and state tax liability through tax credits and will substantially increase the market value of your home.