Residential solar panels have become very affordable over the past few years. Still, many people don’t realize that the federal government offers several other tax credits for those who buy or install their solar panels. So how do these tax credits work? The government gives you money for installing a solar panel system in your home. Over time, this can add up to substantial savings, so it’s worth looking into whether you’re eligible for tax credits.
Before buying a residential solar panel, though, you need to learn about the different types available. The two most popular types are either the rolled mat or trough-shaped types. Both are pretty easy to install, and both have their pros and cons. For instance, the rolled mat has a sloped surface at one end, while the trough has a flat surface. If you decide on a trough-shaped system, you’ll probably need to hire a professional installer to fit the panels and wiring for you, although the cost might be more than the flat-sided versions.
Another type of residential solar panel is the grid-tie system, also known as net metering. This grid-tie system allows you to sell electricity to your local power company, and since your panels generate electricity, you actually earn money from the power company as well. Net metering works in two ways: firstly, when you sell electricity to your power company, you get paid a fixed amount by the meter, and secondly, when you use electricity from your home solar panels, your account is credited with a certain amount for your usage. When you install the panels and connect your home solar system to your existing power outlet, both of these happen automatically, saving you money on your electric bill!
Installing your own solar panel system is an easy process if you plan ahead, and you can save a lot of money on your installation costs if you’re willing to spend a bit more on good materials. Start by picking out a good, quality photovoltaic panel system. You can find great prices online for high quality panels that are rated for producing a lot of watts per square foot. The cost of your photovoltaic panel system will go down as your home solar program gets bigger, and you can also receive tax credits for your installation.
Solar panel systems are available in many shapes and sizes, so make sure you get one that works for you. Your system will be cheaper if you buy solar panels made for your particular area, but it’s a good idea to do some research on your area first. You may even be able to find a discount or a great deal on solar panels, so take advantage of that. Residential solar electricity makes sense for so many homeowners because it will help save you money over time and on top of that it’s totally tax free. With government programs encouraging people to switch to solar panels, now is definitely the time to go solar!
You can install and go solar, even if you’re on a tight budget. There are DIY kits that are affordable and will get you started right away. In fact, if you live in a sunny state, you can actually build your very own solar panels for less than $200! Once you have installed those solar panels, you’ll never have to pay any monthly electric bill again! That’s because you’ll be getting the power you need most of the time – and getting even more from the energy company!
You don’t have to live off the grid any longer, and you don’t have to be stuck paying top dollar for high prices. Now is the time to go solar! You can use federal programs to help you get started, and then you can build your own DIY residential solar panels. Just imagine what you could do with all that extra money!