Rising Electricity Prices
See How Solar Can Work For You!
Price of Solar Panels Decreasing
Installing solar panels on your home will allow you to qualify for:
- federal tax credit - 30% of total cost of your system.
- state tax credit- 25% of total cost up to $2000.
Solar tax credits and rebates lower the cost of a solar panel system dramatically. In addition, using solar power can yield tax depreciation for your business. You could be eligible for a tax deduction for the recovery of the cost over the "useful life period" or lifespan of your solar panels, which essentially lowers the expense of installing them and brings great investments in renewable energy.
Stable return on investment
The average US household uses 10,932 kWh of electricity per year, and they pay an average of $0.12/kWh. With the current pricing of solar, tax incentives from the government, easy finance packages and current solar production, you could pay off your system in as little as 5 years.