For individuals that have access to capital – money sitting in their savings account or in underperforming investments – investing in solar energy for their home is a great option. Investments in solar systems typically return the original investment (called the payback period) in 5 to 8 years, depending on the specifics of your situation. Once the system pays for itself – all of the future saving and income is yours to keep! That’s better than stock market returns, at lower than stock market risk.
- Claim local & federal tax incentives
- A Home Equity Loan can also be used & may be tax-deductible
- Your system will pay for itself with savings on your utility bills
- Increase your property value