Save with Solar
Solar Power is growing at the speed of light. Today’s technological advances have improved energy harvest and improved manufacturing processes have made solar panels more affordable than ever. When you combine Federal Tax incentives and rebates into the mix, the ultimate winner is YOU the homeowner. Here are a few reasons how you will SAVE WITH SOLAR:
Electricity Prices: Utility rate increases are a given in today’s economy. Depending on your local utility, those increases vary from six to 15% a year – this year and every year – FOREVER! To back that up with real world data, Southern California Edison’s raised electricity prices 40% from 2012 to 2014. And that price pain will keep on coming with the ongoing shutdown expenses of the San Onofre nuclear power facility. Unfortunately, many homeowners regard these rising prices as a necessary evil household expenditure. But it doesn’t have to be that way. Instead of paying the utility for over-priced power, you should invest in solar and pay yourself. The main difference here is you will never pay off your utility company, but you will pay off and own your solar electric system. By investing in a clean renewable energy source such as solar, homeowners have the ability to lock in their electricity prices for the next 25-years at less than 10 cents a kilowatt.
Competitively Priced: In the 1980’s, the only people who could afford solar were rich people and movie stars. Today, solar power fits almost everyone’s budget as is evident by the solar panels popping up in your neighborhood. In fact, based on what homeowners are paying the electric company, you can’t afford not to install solar on your home. Here’s some math to back up that statement:
The average electric bill for a California homeowner is around $140 per month. Extrapolated over a 10-year term, figuring in an average annual price increase of just 10%, that same homeowner will pay the utility almost $30,000. That number is close to $80,000 over the course of 20-years. A complete solar electric system can be installed for just a fraction of that amount.
Federal Tax Credit: Homeowners can earn a Federal Solar Tax Credit of up to 30% of the total investment price of their solar system. Or better said, 30% of the system cost can be offset with a tax credit.
For example, let’s say the total installed system price of a solar array is $20,000. Thirty-percent of that amount is $6,000. Using the Residential Energy Credits Tax Form (Form 5695), the homeowner can file for the 30% credit and a refund* on their annual Federal Tax obligation – through 2016. So, in reality, the total investment for the system isn’t $20,000 – it’s just $14,000 ($20,000 - $6000 (30%) = $14,000).
*Consult your Tax Professional for exact details.
The Environment: A solar electric system is expected to provide clean renewable electricity for four decades. The environmental savings is off the charts, because by not using clean burning coal to generate power, we are reducing our carbon footprint. That saves the environment and fights the battle against global warming and climate change. Over the course of 20-years, a typical residential solar electric system** will prevent approximately 18,000 pounds of CO2 from being dumped into the atmosphere.
**Typical System = 3KW AC solar array.
To find out how you can SAVE WITH SOLAR, call A Plus Solar Solutions at 800-519-7093.