Solar Power – A Great Investment in Your Future
Once you have an Electric Solar Power System installed at your Home or Business, it pays you back in 3 ways.
30% Federal Tax Credit
You can take 30% of Total Electric Solar Power System Costs off your taxes, and you can roll it to the next year and the next, if you can’t use it all this year.
Example: Customer has a 18.0kW 60 Module Ground Mount Solar System Installed for $71,860. Once the System is up and running the Customer can take 30% off there Federal taxes, which is $21,558. If the Customer cannot claim it all this year the remainder moves onto the following tax year
Ask your Accountant about TAX FORM 5695
Alternative Energy Credits
For each Megawatt-hour of electricity (1000 kWh) the Customer is awarded an Alternative Energy Credit. This Credit can be sold through brokers to electric power producers in your area. These Credits are traded openly by supply and demand.
Example: Customer has a 18.0kW 60 Module Ground Mount Solar System Installed for $71,860. Once the System is up and running the Solar Production Meter is set to zero. As the many hours of electrical power are produced the Solar Production Meter tracks the the number of Megawatt-hours, or Credits, produced. Photograph the meter after several months and have your Credits sold for profit. In this Example the System will produce about 18 credits per year. Credit Markets sometimes fluctuate substantially. In the past Credits have been as high as $247 or as low as $15 each. For this example that means between $219 to $2931 depending on the market. Credits are due to climb substantially this year.
Electrical Production
The Customer can use all the electricity the Electric Solar System Produces and/or sell it back to the Power Company through Net Metering.
Example: Customer has a 18.0kW 60 Module Ground Mount Solar System Installed for $71,860. Once the System is up and running the electricity Produced by the customer is Net Metered and valued at about $1,917 per year.
This is the Solar Meter Showing Production of Electricity for your use and Profit
Loans
Just like installing a swimming pool or buying a 4-Wheel Drive truck, loans are available from banks for the installation of Electric Solar Power Systems. Some of my previous Customers have used Home Equity Loans to get there Solar Projects started.
It is Smart to Get a Loan for at Least 30% of the cost of the Electric Solar Power System. This allows the installation of the System in the Present and one year from now is PAID OFF by the Federal Tax Credit. This is Smart Investment Choice.
Payback
Each Electric Solar System is a little different, conforming to the needs of the customer and the home. Some Customers choose to have elaborate systems constructed and others very simple, therefore, the systems payback at different rates, between 7 to 12 years. The best energy value can be designed into these Electric Solar Power Systems for Western Pennsylvania.
Example: Customer has a 18.0kW 60 Module Ground Mount Solar System Installed for $71,860. Once the System is up and running ALL of the interconnected dollars start adding up. In this example the payback is 12 years. Most all Solar Modules are warrantied by their manufactures for up to 25 years and built to last 50-60 years. There are NO moving parts. Electric Solar Power Systems continue to profit the owner for years into the future.
Affordable Solar for Regular People
