Have you thought about investing in solar energy? If so, you’re not alone. Millions of homeowners and business owners are making the switch.
But what are the benefits of investing in whole-house solar power? Are they worth your costs?
We’re here to answer your questions. Keep reading for everything you need to know about the costs of converting to solar power and why it’s worth the investment.
The Costs
First, let’s talk about how much it costs to install a whole-house solar power system. Studies show that the average homeowner pays between $15,000 and $25,000. Depending on where you live and how much power you need to generate to power your household, however, these costs will vary.
If you want to get an accurate estimate specific to your home, click this link to find out the cost of Blue Raven Solar.
Tax Credits, Rebates, and Incentives
Now that you have a rough understanding of your future solar expense, let’s look at how you can offset these costs.
First, the federal government is offering a valuable tax credit for homeowners who invest in solar energy. This figure is valid through the year 2022. You can get up to 26% of your solar costs back by reporting them on your taxes.
Some states also offer cashback rebates. You can report your costs to your local power providers and they will refund a percentage of your installation and equipment fees. The amount you’ll receive varies from state to state.
There are also programs like net-metering that allow you to sell unused energy you create to the power company. In return, you’ll receive energy credits that can be used to pay your bill. This will come in handy on cloudy days and winter months when usable sunlight is limited.
Want to Upgrade Your Home With Whole-House Solar Power?
What do you think, are solar panels worth it?
Ultimately, you need to make the right decision for you, your family, and your budget. If you can afford to install a whole-house solar power system, we think it’s well worth the investment.
And if you’re looking for more homeowner tips or home improvement advice, stick around. Our blog was created to help people like you improve every aspect of their lives.
