Green Homes : When Will Solar Start to Pay Off

Savings Breakdown: 

Did you know that any solar power generating capabilities that you introduce to your home setup will start to pay for themselves from the first day on? A myriad of solar options can be implemented into your household’s energy grid to save literally thousands of dollars on energy bills throughout the years once your initial solar investment is paid off. You can expect your initial investment to be recovered over time depending on how much technology you choose to install.

For example, the cost of a basic solar panel setup that supports your lighting and water systems can typically be recovered within six months to a year after installation. But this is simply because the costs you’d expect to recover would be much less than those to be expected after a solar metal roof or thermal window investment.

But the most important thing to keep in mind is that ultimately, any solar setup is sure to provide a return-on-investment that’s multiplied by several times what your initial investment was. In addition to an ongoing return-on-investment by way of decreased energy bills, you should be able to include the actual costs of your solar system into the asking price of your home if you later decide to put it on the market. And there’s a whole host of other benefits that products like solar panels, thermal windows, and solar roofing have to offer which will effectively increase your solar system’s overall payoff.

Income Possibilities

If your solar system can be hooked up to the commercial power grid, your local power company may be interested in purchasing any extra power you generate that isn’t needed by your own household. This gives you an opportunity to generate passive income that can be used to improve your solar system over time. In fact, this opportunity might even make it possible to create a virtually non-existent monthly energy bill as time goes on.

Improved Sustainability

One of the best ways to optimize your household’s sustainability and reduce its overall carbon footprint is to install solar components into your home’s energy design. Not only can you feel good about playing a minimal role in the overall oil use within your community, but you’ll help keep the air and water cleaner for the generations of families to come. Solar also helps keep the earth’s soil free of dangerous contaminants and pollutants—this is especially important where commercial food products tend to be grown.

Tax Credit Opportunities

If your solar system or component is qualified, you can claim up to 30 percent of your initial investment as a tax credit when it comes time to file. Various solar and wind systems qualify for credits—amounts vary depending on the type of system you choose, when and where it gets installed, and how the system was paid for.

Contact: Ryan Miller

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Sector(s): Built Environment, Community, Energy Efficiency, Green Building, Renewable Energy

Keyword(s): energy, green, green building, homeowners, incentive, photovoltaic, renewables, residential, sustainability, sustainable