The benefits of solar energy include more than just savings in your electrical expenses- home and business owners can take advantage federal incentives for renewable energy to pay a system off quickly to start making money earlier. In short, the financial benefits of solar power range from immediate reductions in the out-of-pocket costs, to long-term programs designed to provide a source of income for years to come.
1. Electricity Savings:
You save money by generating your own power instead of using the power from your electricity provider.
The government offers tax credits for renewable energy systems.
3. Increased Property Value:
According to an article on CNNmoney.com, “A study in Appraisal Journal found that for every utility-bill dollar saved annually because of an improvement, you gain $10 to $20 in property value.” Therefore, saving $1,300 in the first year off of your electric bill could increase your property value $13,000 to $26,000!
Solar is a No-Brainer!
- Electricity savings make solar cheaper than buying from the utility company
- Federal Incentives lower the payback period
- Increase your property value