If you have ever considered going solar, then you are probably well on your way to reducing your energy bills. Going solar does not have to be an expensive investment. In fact, by investing in a good do-it-yourself solar kit, you can be on your way to saving money on your monthly utility bills. This is especially true if you live in a sunny state where the sun shines almost every day.
The good news is that you don’t need to own a huge, expensive solar system to reap the benefits of going solar. You can get your entire home heated with just a few solar panels! Imagine heating your entire home for just 30 years at a time, instead of just your utilities. That would be a great saving for just a couple of hundred dollars per year, and wouldn’t you want that extra money? Wouldn’t you be inclined to take advantage of such a great opportunity?
So, what if you are still uncertain about going solar? Why not try investing in one of those utility-side renewable energy certificates? They will pay for the cost of generating electricity from your own solar system. And since your utility company is required to purchase these certificates from you, the certificates can offset a large portion of your regular electrical bill.
But if you are wondering about the tax credit for solar companies, you may be interested to learn that tax credits are only available for the first two years that you use your renewable energy system. After that time, you must buy any certificates back from your utility company. Even then, you may only be eligible for up to a tax credit of $3000. For this reason, many investors are choosing to invest in long-term bonds or notes, which give them a tax break over just one year of their investing. Those same tax credits will apply to you if you sell your solar certificates after that year.
How much solar does it take to cover your roof with solar cells? Well, this depends on how much of your roof is accessible to solar panels. If you live on a very large piece of land that is roofed, you may want to consider purchasing several smaller-sized solar panels and putting them together. This will enable you to have more on-grid electricity, but you’ll need more roof space. You may also want to check into the incentives offered by your local electric utility.
Another advantage to going solar is the savings that you will receive on your energy bills. Not only will you save money on your utility costs, but you will also see savings on your federal and local taxes. Plus, your environmental footprint will be reduced, as the extra energy generation helps lower air pollution and other environmental problems. And, since there is a program called Making Money for Green Energy, you can earn additional savings that you can use for a down payment on a new home or other things such as a business.
Finally, one of the most overlooked advantages to going solar is the solar tax credit. This credit is available to U.S. citizens over the age of 18 who are interested in installing new solar energy systems on their homes, offices, and other buildings. The tax credit is currently $5 Billion dollars and is expected to increase over the next few years. To claim your tax rebate, simply fill out a Schedule A application with your local government.
Installing solar panels is one of the most cost-effective and hidden costs, you can eliminate from your monthly utility bill. These are some of the main reasons why people are choosing solar energy over typical forms of alternative energy. With all the benefits that solar investment provides, there are also some important disadvantages that you should look out for. By taking the time to do research and understand the advantages and disadvantages of solar energy, you will be able to make an informed decision about whether it is right for you.
