Is The Sun Setting On Your Own Chance To Go Solar? by sadmin
Posted on Saturday, September 10th, 2016
Are you really going to give up the chance to make a risk free profit?
Most homeowners can now qualify for a zero down solar electricity system for their dwellings, where the monthly repayments are less compared to the monthly savings that they will see on their electricity bill. In short, a risk free profit by going solar without needing to put their hand into their own pocket.
In part, this is because of the plummeting price of solar panels over the past couple of years. Yet, it’s also true that these zero down systems are only possible because of two very generous solar incentives.
The first incentive is the net metering law. This law requires utilities to pay you the full retail value for power that’s generated by a solar system in your home but that isn’t used within your premises. This incentive is especially significant as its power is generated by solar during the day and most homeowners use more power in the evenings. Presently internet metering contracts are being offered for 10 years. This web metering law is under ferocious attack by the utility companies.
The most significant and second solar motivator is the 30% federal solar income tax credit that slashes on the upfront price of solar. Recently, Senate and the House consented by significant margins to grant extensions. It is going to continue at 30% levels for both commercial and residential systems through to 2018, then taper off in yearly increments to settle at 10% in 2022.
You’re able to use this Solar Estimator to see online pricing and get bids from up to 3 solar installers that service your area.
The error of the sense is that electricity prices will continue to rise, meaning the $50 per month saving in 2015 will likely be a $200 per month economy in 2025. Installing solar insulates you and your family from the effects of climbing power prices and this is something which few individuals have correctly taken into account.
There is an abundance of choices available with solar firms springing up to help individuals make the most of this chance. It is not often an average American homeowner gets to make a risk free profit financed by government incentives, and we may not see available this affordable again in our lifetimes.
There are a number of sites that have sprung up to help you receive the best deal on solar. “Solar-Estimate.org” is a website that was initially financed by the US Department of Energy. It really is a great resource for those considering going solar because it tells you what they should cost based on average retail solar system costs in your town before you speak to some solar company, and how many solar panels you desire.
They also have a partnership with SolarReviews, such that they are able to show you which solar companies service your zip code and what the consumer position of each one is.
The site will even get a local installer/s (if available) to take a look at your roof online and let you know if the ballpark estimate given online is likely to be exact to your property. It really is the simple way to assess solar from the comfort of your computer screen.
The cost of electricity has skyrocketed with no end in sight since 1969. Energy prices happen to be steadily improving for decades; it’s a safe bet to say that any time will not abate soon:
History reveals that electricity prices have to reduce prices or just go up over time because utility companies would not have any interest in , even when their costs are lower.
Residential electricity prices in California have grown massively even corrected for inflation, in accordance with Energy Department statistics.