Clever Alternatives Saving Your Money
Attention Home Owners: You Should be FURIOUS with Your Power Company!
There is a new policy for 2016 that your energy provider does not want you to know about.
If you are a home owner and you live in an approved zip code: You could be eligible for $1000’s from the government to install solar panels on your home.
Homeowners are surprised by saving over 90% on their energy bill, but they are utterly shocked to learn that government subsidies and rebates can cover up to 99% of installation costs!
With $0 down, you could be looking at a significantly reduced energy bill in a matter of only a few weeks!
Tip #1 : You are not locked into any agreement with your energy company. You can install solar panels at any time and begin saving right way. Any remaining balance that you have with your power company can be refunded to you.
Tip #2: Not only can you save money on your energy bill, but depending on your energy usage, your energy company may end up PAYING YOU for energy!
How to See if You Qualify:
Step Number 1: Click your state on the map to instantly check your eligibility
Step Number 2: After answering a few questions, you will be able to view rebates and subsidies available in your area.
Select Your State:
[state map goes here] [see how much you can save button]Benefits of Solar Panels
The electricity that keeps your family members warm in the winter or cools them in the summer and provides conveniences that you enjoy has no tangible value. Solar panels, however, meet your need for power and have structural components that belong to you. Preventing the outlay for an electric bill every month generates savings that you can enhance by selling your excess power to your utility company. Tax benefits give you another way to profit from the installation of solar panels.
Saving Money:
Reports from Statistics show that the average household in the United States pays about $1,063 for electricity annually, reflecting a steady increase since 1990. Over a period of 25 years, the typical time that a solar panel warranty covers, homeowners pay about $25,750 for electricity. Eliminating or reducing your electric bill can make a significant difference in your family’s finances over time.
Qualifying for Tax Credits:
The IRS provides a 30 percent incentive to invest in solar power on or before the last day of 2019, and the tax credit has no ceiling. The amount of the credit diminishes by a small amount thereafter. The credit applies to your equipment as well as to the costs of installation. You can receive the tax credit even if the home is not your principal residence. IRS Form 5695 lets you file for your 30 percent residential energy credit.
Getting a Return on Investment (ROI):
Estimates that compare your ROI in solar panels to other investment strategies show that it ranks well. In more than 85 percent of states, homeowners get a better return on solar power than on a 5-year certificate of deposit. About 66 percent of states report that choosing solar for power averages a better return than 30-year Treasury bonds. The reduced cost of investing in solar energy that the tax credit provides improves your ROI, and selling your excess energy to a utility company through net metering enhances it as well.
The Solar Energy Industries Association recommends net metering as a billing mechanism that allows you to profit by contributing excess power to the energy grid. Your system may generate as much as 40 percent more than your home needs. Net metering lets your utility company pay you for the energy that your panels produce in excess of your daily requirement.
