The argument for solar energy in private homes has always been pretty simple. It saves you money by reducing or eliminating your electric bill. It helps humanity by cutting down on fossil fuels that pollute our planet. And it dramatically increases the value of your home by offering the benefits listed above to any potential buyers. But at the end of the day, you still have to crunch the numbers and ask yourself, â€œIs solar power worth it where I live?
Until recently, It was hard to justify the upfront expense of installing solar equipment. But, fortunately, that not the case anymore. Over the past 10 years, the average cost of installing solar energy systems has dropped by a whopping 70 percent. Meanwhile tax incentives such as the Federal Solar Investment Tax Credit (ITC) usually knock off an additional 30 percent through the end of 2019. As a result, the question is no longer how much money can you save by going solar, but rather how much money do you stand to lose if you don.
Of course, when it comes to solar energy, most consumers don even know where to begin. One solution is to seek guidance from a third party solar energy advocate to know:
- How solar energy systems work
- How you save money with net metering
- How much solar panels cost, and how long they last
- Extensive reviews of all the latest solar tech
- Overviews of available financing and leasing options
- Tutorials on legal and financial incentives offered by the government, including the Solar Investment Tax Credit, as well as Renewable Portfolio Standards and Solar Renewable Energy Certificates
Once you are fully informed, the next step is to get a personalized assessment of all your options and get in touch with top-rated installers in your area who can help you arrange in-home estimates so you have as many options to choose from as possible.