Affordability of Solar

Affordability of Solar

Solar is becoming more and more affordable for the average consumer. Rooftop solar has been increasing in popularity in the past years and has recently been becoming more available to install in homes. Not only is the federal government giving incentives for installing solar panels but state governments and individual solar companies are making it more affordable.

Federal Incentives

The American Recovery and Reinvestment act of 2009 supported the advancement of solar technology. Part of the Recovery act was a tax credit for installing a home solar system. This would pay for 30% of your overall system. This tax credit was extended through 2016. So make sure when you are installing your solar that you have the necessary documentation to claim this come tax season.
State Incentives
Each state has different incentives for installing solar panels, some are better than others. California has a cash rebate system in place. This can reduce the cost by 10% to 15% at the time of installation. Many specific cities and utility companies within California also offer an additional or alternative incentive that can knock a chunk of the cost off. Arizonans can get up to a $1000 tax credit when you lease or buy your system. And Tucson Electric Power’s rebate might be the most generous in the world; they cover up to 60% of the cost of installation! These state incentives are not confined to the southwest however. The state of Massachusetts allows a 15% tax credit against the state income tax for up to $1000. Also, in the state of Massachusetts any renewable energy structure is 100% exempt from property tax. To find out what your state has to offer check out this link:

Affordable Solar Companies

Various solar companies across the country are trying to make solar more available. For example, Sungevity has a program where you can decide whether it is better for you to lease or buy your solar panels from them.

The pros of leasing are:
•    $ 0 Down and low monthly payments equal instant savings.
•    You want the financial and environmental benefits of solar but don't want to pay the high upfront cost.
•    You don't want to worry about routine maintenance or monitoring of your solar home system.
•    You don't want to worry about having to insure or repair your solar home system.

Versus the pros of buying:
•    $1,000 deposit and an investment in your home.
•    You want to own your system and realize greater long-term savings.
•    You don't mind being responsible for your system's maintenance and repair.
•    You're willing to add a solar system to your homeowner's insurance policy

ou can learn more at All over the country the solar industry is growing. The solar industry census from 2010 showed that the industry was growing at 26%, the industry is booming bringing more savings to the consumer.

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