Making Money from Your Solar Panels
Recently, new research has emerged to suggest that our environment is deteriorating at a more rapid rate than ever before. One of the answers to this is installing a solar system in your home with clean renewable energy. This means solar panels are going to collect energy from the sun so you can store energy and go off the grid.
When homeowners go solar, they often are able to make money from this investment. Additionally, they are entitled to a variety of benefits as well.
When homeowners install solar panels, they are not only increasing the value of their home in a resale arrangement, but they are also opening themselves up to the opportunity to make money off of those solar panels.
Consider the following ways homeowners can make money from a solar system:
Saving Money Due to Your Solar Panels
Traditionally, most Californian homeowners pay around $1500 in electricity bills every year. However, with solar power, this isn’t so. Many homeowners are suffering under an electricity increase of over 2.2% per year that homeowners with solar panels do not. As electricity rates continue to rise, homeowners with solar panels will be able to save more than the average family.
There are multiple ways for homeowners to save with solar panels. This includes the following rebates and credits as a result of installing solar panels:
- The current federal tax credits for homeowners with solar panels
- No money down on solar power systems until 2020
- Local city and county incentives for solar power systems
- Reduction in monthly electricity payments
- An increase in home values
Currently, news has reported that the federal tax credit is going away. This will decrease year after year over the next few years. However, credits, whether used this year or next year, are easily rolled over.
Saving Money with Solar Panels
Solar panels can draw energy from the sun and eventually store enough energy in solar batteries to power homes and if enough is gathered, homeowners can sell these energy credits back to electricity companies. The math says that homeowners can claim up to $13,000 in savings as a result of going solar. Because these panels size and electricity necessary to power a home, these savings can vary.
It’s clear the system can help any homeowners to help you save. Let the process happen and call the experts at SunPro Solar today to start saving money now.