Learning About the Financial Benefits of Solar Power
- Posted by adminsolar
- On September 27, 2017
- 0 Comments
- solar company Lafayette co
When it comes to a solar company, Louisville, CO residents want to learn more about the benefits of having solar energy in their home. Once you know more about the benefits, you will see that it is time to take advantage of this technology. With the right solar company, Lafayette, CO residents will see that there are a number of financial rewards when you use the sun for electricity.
Save on Electricity
One of the biggest financial rewards of solar power comes with your electric bill. You will see that since you are getting most of your electric energy from the sun that you are not using the general electrical system nearly as much. Many people opt to keep their traditional electric system as a backup, so that on the off chance that your solar system has a temporary hitch, you still have electricity. However, since your solar system is doing almost all of the work, your electric bills will be mere dollars per month in most cases.
On average, you are paying $0.16 per kWh. When you are using this figure, as long as your solar system is doing the majority of the work, you can expect to save an average of $1,344 per year. This is a major savings that you could use for savings or to improve upon other areas of your home.
Increased Home Value
Making sure that your home is worth as much as possible is something that every homeowner wants to do. When you make certain changes to your home, you are working to increase overall home value. How much the increase is varies and is dependent on many factors. You can talk to a real estate agent in your area to get a more accurate figure for your home and neighborhood.
There are certain government incentives that you may be able to take advantage of when you get solar energy for your home. These are generally in the form of a rebate. For example, one of the options allows you to claim up to 30 percent of the costs that were associated with solar equipment and getting it installed. You would claim these on your taxes, so they are essentially paying you back some of what you spent on getting the system installed.
Now that you know more about the financial benefits, it is time to reach out to a solar company in Louisville, CO or a solar company in Lafayette, CO. Make sure to vet the company well so that you can be confident that they will properly install your system, allowing you to get the most benefit.