Solar incentives are a great way to save money. As long as you know what you are doing and you get a good service, this can be a great way to reduce your energy costs. There are several incentives that are available to you depending on your location and preferences. Each incentive is designed to help you save money. However, you need to understand the total cost to run the system and be prepared to face that total cost when rebates and tax credits are considered. Here are a few things to consider when you are calculating incentives:
The initial installation cost for a home solar panel installation may be quite high. There are rebates available that can make your energy costs reduce by up to 50% or more. Many states offer rebates that are worth $1500 for the first few years. When you are calculating incentives, keep in mind that the rebates only apply if you are using solar energy for your home. If you are just installing solar energy for your business, you won't be eligible for any of the rebates offered.
If you want to save even more money, look into purchasing energy-efficient solar panels. These panels will reduce your solar panel costs even more and can often qualify for tax credits as well. These panels won't have quite the same effect as the bigger, more expensive panels, but they can still be quite useful. Also, if you install solar panels on your own, they will probably last longer than those purchased from the store. However, if you do purchase them, be sure to follow the directions carefully to ensure that you get a quality panel.
There are a lot of tax credits available to you as well for your solar panel costs. When you get free estimates from a local or state office, make sure you get an estimate that includes the tax credit. This is important because you may be able to get several different rebates at the same time in order to lower your overall costs. Often, the energy-efficient panels can also qualify for state and federal loans that can completely erase the difference between what you have paid for the panel and the amount you need to cover your energy costs.
Finally, consider getting both a ground and a stand alone system. While it will be more expensive to go with a stand alone system, many solar companies offer their clients a package deal where they get the panel, the charge controller, the batteries, and the inverter all included in one price. Many times, this package deal will be less expensive than purchasing all of these items separately. If you get a free online estimate, it may be possible to find the Blue Raven Solar company that will bundle their energy-efficient panel system along with their other energy efficient upgrades to help you save even more money on your panel system costs.
One final thing to remember is that you can save with solar panels even more money on your solar panel installation costs if you have an existing building that is energy-efficient and that has already been insulated. Look into how much of your current building is insulated and then ask a qualified contractor about the possibility of adding insulation to the exterior of your home. This can save you a great deal on energy costs because it will reduce the amount of heat loss from your home and it will also improve the energy efficiency of your building by keeping the cold air out during the winter months and bringing in warmer air during the summer months. A great combination like this can save you more than a quarter of your installed panel cost. There are no limits to what you can do to save money when it comes to reducing your energy costs. Check out this blog: Check out this blog: to get enlightened more on this topic: https://en.wikipedia.org/wiki/Solar_panel to get enlightened more on this topic.
