SOLAR SYSTEM INVESTMENT
There are many benefits to installing a solar system for your home or business. There is a rather substantial upfront cost, buy this cost can also be mitigated by taking advantage of the many tax credits that are available. There's no doubt that the movement towards renewable energy and solar systems will only continue to increase over time, as more and more people realize the substantial benefits of a solar system for their home for business.
Surprisingly, Florida is behind the curve compared to many other states for solar power investment. The state of Florida has taken many actions in the last several years to change this, but we are still playing catch-up. Undoubtedly, Florida will eventually catch up and likely surpass many other states as it is an obvious benefit to live in the "Sunshine State!"
The following outlines some of the many benefits of installing a solar system in the Central Florida area:
1) Home Value
One of many benefits of investing in solar is the increased value of your home. There was a study that was done by the National Renewable Energy Laboratory (NREL) that found that homes with solar panels sold 20% faster and for 17% more money. That is a substantial value, and selling 20% faster in a slow market is a great benefit also! Learn more about the study here.
2) Financial Savings
For many people and many homeowners, one of the most important reasons for investing in a solar system is the financial savings. For many investments, the return on that investment can be unclear and even unpredictable. With an investment in solar products you can be sure that you are going to receive a substantial savings overtime, and you can calculate quite closely what that savings will be based on your unique situation.
Solar is always an excellent investment for your home or business. However, if you can pay in cash (home equity loan, refinance, etc), then you will likely realize a return on your invested capital of less than a decade.
3) Immediate Savings
If you decide to finance your solar system, then you will start to realize monthly savings from the first month after installed. And most American homes will qualify for some type of solar financing.
4) Solar Tax Rebates
Most homeowners and building owners know that there are tax rebates for investing in solar. The government realizes the vital importance of investing in solar for the long-term welfare of our environment and Mother earth. For this reason, there are a number of tax incentives to facilitate investment and solar systems. You can learn more about tax credits here.
5) A Hedge Against Rising Utility Costs
We all know that utility companies are very clever in the way that they discreetly increase the cost of energy overtime. You likely do not notice it on your power bill, as most people do not pay that close attention. But make no mistake, the utility companies do not keep prices stable over time. Like most things there is an inflationary factor involved and the cost of energy from your local utility company is rising. By investing in a solar system it is easy to calculate the cost of energy over the next 20 years for your home or commercial building.
6) A Durable and Dependable Long-Term Investment
Solar systems are one of the most dependable investments that you can make in your home. Most solar manufacturers will guarantee and warrant the performance for more than 20 years, although likely performance will be for much, much longer. So, when you make the decision to invest in solar you'll have peace of mind knowing that it is a rock-solid investment for the long-term, and that the manufacturers will guarantee this performance.
7) Green Benefits
Nearly everyone knows that investing in solar is a wise financial investment. However, when you think about the generations of your family to come, there is likely no better reason for solar investment then the environmental benefits of investing in solar. As more and more people invest in solar products, those investments continue to lighten the load placed on the environment and on our treasured earth.
8) Reduced Reliance on Foreign Energy
The more homeowners and commercial building owners that invest in solar, with each investment it reduces our country's reliance on foreign energy sources. We all know United States is in a vulnerable position given our dependence on foreign energy. As we continue to invest in solar and other green investments, it continues to strengthen our position and reduce the need for foreign countries' energy that control pricing, as well as supply.
For more than 30 years, TEO Solar has been a leader in solar investments, solar installations, and solar products. We service Daytona Beach, Palm Coast, Port Orange, New Smyrna Beach, and Ormond Beach with solar panels, solar water heaters, solar pool heating, solar lights, and more. Call us today at 386-437-2671 for a free quote for your home or business.