If you've ever thought about going off grid and installing a solar power system, now may be the time to do so. In addition to lower equipment and installation prices, home solar panel systems are more accessible and enticing than ever before. Not only will a home solar system eliminate or drastically reduce your electric bill, it will reduce your annual carbon footprint by 700 pounds of carbon emissions for each panel you install. And these are just a couple of the perks that can be yours when you go solar. Following are three reasons why now is the time to go solar.
Cost Is Dropping
The cost for installing a home solar power system dropped 60 percent from the year 2011 to 2015, and the trend is expected to continue through to the year 2017. Experts predict that the cost for solar power will drop by another 40-percent, which drop the cost to roughly $.50 per watt, in the two-year time frame. The major drive behind cost reduction is the fact that solar panels are getting cheaper to manufacturer. This means that it's cheaper than ever before to install solar panels.
Tax Incentives and Perks
There are numerous tax incentives and perks available to those who choose to go solar. At the federal level, the solar Investment Tax Credit gives property owners who convert before the end of 2016 a 30-percent tax credit. Depending on where you live, there may also be incentive programs offered at the state and local level.
What's more, you can expect to pay less for energy over the next several decades when you go solar. While installing a solar system costs you money up front, it eliminates your electric bill, which makes it possible for you to earn back the money you spent plus a whole lot more in several years.
Financing Is Available
Many banks are offering low-interest financing to homeowners who want to install a home solar panel system. If you can secure the right financing, your payments for your system will likely be less than your electric bill. That means you will start saving immediately by going solar.
There are several reasons to go solar. Not only can you save a little money right away, you can save a lot of money down the road after your system is paid for. Additionally, tax incentives and other perks make installing a system more attractive than ever before.
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