Making Money From Your Solar Panels

When a Southern California homeowner installs solar panels, they are not only increasing the value of their home in a resale arrangement but are also creating the opportunity to make money from solar.

Traditionally, most Southern 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

• Local city and county incentives for solar power systems

• Reduction in monthly electricity payments

• An increase in home values

Taking Advantage of the Solar Tax Credit

If you hadn’t heard, the federal solar tax credit is going away.  This will decrease year after year over the next few years. If your credits are used this year or next, you can easily roll them over.

Solar panels harness energy from the sun and can store that energy in a battery backup system to power homes in the evening. You can then sell the power back to the utilities via net energy metering.  The math says that homeowners can claim up to $13,000 in savings as a result of going solar. Because of the different panel sizes and configurations necessary to properly power a home, these savings can vary.

It’s clear that a solar panel system can benefit almost any Southern California homeowner. You can get the solar process started today by calling the energy experts at SunPro Solar at 951-678-7733.