The economics of solar power have never been better. The federal tax credit covers 30%* of the solar system cost, and in some states there are additional local and utility rebates to offset the cost of going solar.
You own the solar panel system and its expected useful life is 30+ years. On average, top tier electricity prices have increased about 5% per year for the last 30 years. When you choose solar, you can eliminate your electricity bill and are no longer dependent on foreign oil or a volatile energy market. As utility rates continue to rise in the future, your investment becomes increasingly valuable.
*Consult with your certified public accountant for specific details.
