Solar Panels Cost: Factors Affecting Your Investment - PowerPoint PPT Presentation
Title:
Solar Panels Cost: Factors Affecting Your Investment
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What solar panels cost is a question every homeowner will ask when first considering solar energy. Given the different variables affecting cost, the answer to this question depends on a number of things. For example, the size of roof you have, the amount of energy your family consumes and the financial incentives available in your area will affect your solar investment. Visit us at for more information about Solar Panels Cost. – PowerPoint PPT presentation
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Title: 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.
