Is It Worth Getting Solar Panels 2015

In this article i ll show you exactly how much you can expect to make and give you real wold examples of installation quotes for both domestic and commercial panels.

Is it worth getting solar panels 2015.

The federal government offers a tax credit of 30 of the cost of a qualifying solar pv installation. Solar panels use the clean abundant energy of the sun to produce power and by investing in solar panels you can dramatically lower the carbon footprint of your home. Installing solar panels is not the easy decision it used to be since the government subsidy has now been cut by 70. If you install solar panels before the deadline and qualify for current government tariffs you are likely to recoup the cost of installation in around 20 years depending on your energy usage.

They did this by studying comparative sales of similar houses with and without solar panels. That s a pretty good deal courtesy of uncle sam. Simple living and technology is where people nowadays are tending to. Putting it in other words 1 000 invested in solar power results in twice as many jobs as 1 000 invested in coal power and nearly 3 times more jobs as 1 000 invested in natural gas.

That means homeowners but not renters can subtract the credit from the federal income taxes they owe in effect reducing the price of their solar purchase by nearly one third. I m sure you are finding that. If you want jobs in your society you should support solar power and wind power biomass energy efficiency mass transit and bicycling. In the final analysis solar panels are not worth your money no doubt they re eco friendly but they can only be affordable by the upper class people who earn well.

But they are far from a total write off. However what makes solar panels worth it are the robust federal and state incentives. The government is effectively contributing nearly 1 3 of the price of your going solar. A 2015 study showed that a typical solar panel system added a 15 000 premium to the selling price of a home.

One of the biggest advantages of installing residential solar panels is a 30 federal tax credit on the total cost of a system. But it s not a straight calculation. Panels that are owned add some value to the resale.