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The Financial Incentives And Benefits Of Having Solar Panels

Todays Date: November 18, 2018

Nearly every time a person flicks on a light switch or hits the power button on their TV remote control, they are using electricity fueled by the burning of coal. But this is not the case in homes that use solar energy. Homeowners who convert to using solar power help reduce the use of this harmful, expensive, and finite fossil fuel.

The upfront cost of solar panels can be a little off putting to many homeowners. However, there are many financial incentives which can greatly reduce the initial price of solar panels. An investment in solar panels also has many long-term financial benefits for homeowners.

Many solar companies will actually help manage finding available rebates and incentives for you. They have years of experience doing this so it is a great benefit to be able to take advantage of their expertise and years of research. Right now you can receive Federal income tax credits for up to 30 percent of the cost of your solar products. That is a large chunk off the price. In addition this you may also quality for state and local rebates.

It is also important to keep in mind that once you add solar panels to your home your energy rates will be fixed for at least the next 25 years. This is great because you are never subjected to the electric company’s rate spikes, taxes, and hidden fees. And with solar panels you will either greatly slash your electric bills or eliminate them completely. You can even get paid for any “left over” energy you may have. All of these things will help you pay your solar panels off in no time. And, if you pay your solar panels off in, let’s say, 10 to 15 years you will continue to gain profit from your solar panels after that point.

If you are still unsure about an investment in solar panels, consider this: solar ROI is actually greater than most savings, bonds, and money market accounts. Quality solar panels are guaranteed to work at a high capacity for at least 25 years and continue to work extremely well after that period of time. With solar panels, your home’s value can also be increased by up to 20 percent. And if in 10, 15, or even 20 years you want to sell your home, having solar panels will help you sell your home at a much faster rate.

Investing in solar panels is not only good for the environment. Adding solar panels to your home also has many personal and financial benefits. Homeowners with solar panels have little or no electric expenses, have fixed energy rates, and gain long-term profits with their panels.

Learn more about Arizona solar companies. Stop by Susan E Freemont’s site where you can find out all about Phoenix solar products and what they can do for you.

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