Solar Panels Cost: Factors Affecting Your Investment

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Solar Panels Cost
Factors Affecting Your Investment
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Solar Panels Cost

• Cost is question asked by homeowners when
  considering installing solar energy.
• Variables affecting costs depends on the ff
• Size of roof larger roof means more cost
• Energy Consumption pool or hybrid vehicle
  increases consumption therefore requires larger
  solar energy system
• Financial incentives available financial
  incentives vary by state when purchasing or
  leasing solar energy

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Solar Panels Cost

• One common thread exists amongst all solar
  system purchases, the systems will pay for
  themselves over a period of time
• Amount of time depends on installation

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Solar Panels Cost

• Reducing the Solar Panels Cost
• Incentives that can bring down out-of-pocket
  expenses
• Federal Tax Credits
• 30 reduction in out-of-pocket costs
• credit is applied with no cap
• credit vs. deduction tax liability reduced by
  30, if do not owe taxes, can roll over credit
  for future years

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Solar Panels Cost

• Reducing the Solar Panels Cost
• State and Local Incentives each state provides
  different incentive program
• Income tax credits
• Sales tax exemptions
• Other financial incentives available in area
• Leasing Programs little to no upfront
  out-of-pocket costs
• Company will maintain and warranty system
• Monthly fee is lower than traditional utility bill

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Solar Panels Cost

• Beginning Your Search
• Apples to apples proposals to easily compare
  costs of solar panels
• Even if leasing good to get quotes on purchasing
  options to know actual return on investment
• Take time to understand purchase agreements
• Experienced solar contractor can help walk
  through your options

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Solar Panels Cost

• About the Author
• Joy Seitz is VP of Business Policy Development
  at American Solar, one of Arizona's leading solar
  companies who designs and installs solar electric
  systems and solar hot water systems.
• Visit us at http//www.americanpv.com for more
  information about How Solar Works.