The future of solar power in my opinion is only a few years off . Here are some benefits I bet you did not know about going solar; Since 2007, the cost to buy a solar power system has fallen by about 50%, to an average upfront cost of $4,590 per kilowatt, says the Solar Energy Industries Association (a typical home system ranges from 3 kW to 7 kW). You would recoup your upfront cost in an average of seven to 15 years, the Solar Foundation reports. The higher the electric rate you currently pay, the more sunshine your location receives, and the greater the financial incentives that are available to you, the better your return on solar will be, says Jonathan Bass, vice-president of communications with SolarCity, the largest system installer in the U.S. For every 100 square feet south facing you will receive a kilowatt of capacity. Solar panels can be mounted flat on a sloped roof, flat roof or in your yard. Along with the panels, you will need an invert-er which converts direct current to alternating current, a tie in to the grid and, most likely a monitoring system that tells the installer how much power you’re producing. Lets also not forget through 2016, you can take advantage of a tax credit that lets you write off up to 30% of the cost of buying and installing your system. You may even get incentives, such as rebates, sales or property tax exemptions, from your state, municipality or electric utility. You can finance a system with a home-equity loan or line of credit. You can also rent or lease equipment saving With a solar lease, you’ll pay a fixed monthly amount that smooths out thought the year. Typically through a power purchase agreement the average cost can be $20 to $30 a month in winter and $70 to $80 in summer. These agreements are usually 20 years, with options for upgrading or removing the system, or conveying it if you sell your home. Unless you live in a remote area, your system is tied into the local utility. If it produces more electricity than you use, the excess is fed into the grid giving you a credit if your using a special net meter. Finding an installer is quite simple, On the home page of the Solar Energy Industries Web Site, click on “Directory” and search by state and “Contractor/Installer. For your protection look for certified installers. If your looking to sell a home or buy a home, I can help. Feel free to contact me through email or my website. www.Terwegerealty.com Terwegerealty@gmail.com
Author:Michael Worley Phone: 214-394-8299 Dated: August 12th 2014 Views: 1,028 About Michael: Are you looking for a Realtor that will put your interests first? As a young kid growing up in the ...
Millionaire to Millennials: Buy a Home!!Last week, CNBC ran
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