From Day 1 solar power will significantly lower your electric bill! A properly fitted commercial solar photovoltaic power system could reduce your energy consumption by over 70%. Imagine seeing a $300+ monthly bill cut by as much as 70%!
That’s a savings of over $2,700 per year!
Using solar to generate electricity and/or hot water for your home locks in low utility rates for the lifetime of your system – which can be 30+ years!
With net metering, homeowners with solar installed can “bank” excess electricity their solar system generates or send the energy back to the grid.
The Investment Tax Credit (ITC) allows individuals to deduct 30% of the cost of a solar energy system from personal federal income taxes with no maximum limit. This applies to both new and existing homes and only those systems that are placed in service by Dec. 31, 2016.
States often offer flat amount rebates or a progressive system of rebates based on the size of your solar system. Detailed, comprehensive information on your state’s rebates can also be found at the government’s Database of State Incentives for Renewables & Efficiency.
Most municipalities and major utilities offer rebates specific to the installation of solar power systems for residences. In addition, numerous rebates exist for Advanced and Innovative Technologies if you choose to upgrade your photovoltaic system with more intelligent controllers and battery systems.
If you take out an equity loan or a title one home improvement loan you can writeoff the interest on that loan just like the interest you pay on your mortgage.