What are the financial benefits of solar energy?

Solar energy is cleaner, more efficient, and friendlier to the environment than fossil fuel- based energy. Even better, solar energy can save you money.

 

The initial costs of installation may be high, but federal tax rebates can reduce the startup costs by as much as 30%. Local and state incentives can further lower the early out-of-pocket costs.

 

Once installed, solar power systems will provide several financial benefits.

 

Save on the cost of electricity

Many electric bills spike from time to time due to a rise of the demand for fossil fuels. With a solar system installed, you will be relatively immune to these fluctuations and can save an average of $2,000 over the course of the year.

 

Increase your property value

A solar system makes a home more valuable. Homebuyers are likely to pay approximately $15,000 more on a home with a solar system installed compared to a home without.

 

Numerous incentives

State, local, and federal incentives could earn you enough money back to cover the cost of installation. Check your government’s websites for more info.

Learn more about solar financing and how to buy solar.