Financial Payback

There are several main reasons why people invest in Solar PV Systems. Financial reasons, is a major one. As traditional electricity sources have become more expensive over the years, people are making the move to solar power. There are many states which participate in programs to help individuals purchase PV systems. Programs that include tax credits, power buyback programs, rebates, and many other programs exist right now to help the common person incorporate solar power into their home. A detailed description of the state level programs can be found at the Database of State Incentives for Renewables and Efficiency. (Some states help out with 25-55% of system costs.)

What Is the Financial Motivation to Go Solar?

1. You Expect the Cost of Electricity to Increase
2. You can finally stabilize your electric bill
3. You are eligible for state, local and federal incentives
4. You plan on financing your system over time
5. You can increase the value of your home