4-10 year pay backs are now typical because of record low solar panel prices. An additional 26% Federal tax credit is available through 2020. After the system pays itself back there is an additional 10% to 25% Annual ROI for the life of the system. Typically 25 to 30 years.
With energy prices continuing to rise with no end in sight, a solar system provides security to those living on a fixed income. Rather than being subject to ever increasing rates, your investment protects you from these rising energy costs. And the more power prices rise, the faster you save. Once your system is paid off, you can live care free knowing your power needs are covered year after year.
Solar panels provide a cost-effective way to reduce your carbon footprint, but do they add value to your home?
Yes, research indicates that solar panels increase home value. Your customers can feel great about going solar not only because they can save money on their energy costs, but also because of the value solar adds to their home.
While your solar system will clearly improve the equity of your property, your solar system is exempt from property tax increases. In other words the value of your system can NOT increase your local Property taxes.
Homeowners can deduct a full 26% of the total cost of the system from their Federal tax liability. That's right, it comes directly off what you owe the Federal government dollar for dollar. Federal tax credits can total $2,500 - $20,000! This non-refundable tax credit can be spread over several years, providing you with an excellent tax shelter. This has made solar more affordable than ever.
Business owners: in addition to the 26% Federal tax credit, you can also take advantage of MARCS 5-year accelerated appreciation. It also provides valuable energy cost controls which is critical to many businesses in these competitive times. Additionally, with PG&E’s Time of Use metering being forced onto all business owners, solar provides a deterrent to sky-rocking bills by producing power when power is most costly.