Benefits of Investing in Solar

An investment in solar energy greatly reduces or even eliminates your electric bills. Electricity costs often make up a large portion of your monthly expenses. Even if you don’t produce 100% of the energy you consume, solar still reduces your utility bills.

Insulate yourself against rising energy costs. Every year, electricity prices continue to increase incrementally across Vermont utility providers. By investing in a solar energy system now you’re taking a step forward towards energy independence.

Your property value will increase proportionally to your solar investment. A a rule of thumb, properties that have been reassessed post solar installations have enjoyed a higher appraisal equivalent to the homeowners investment post federal tax credits. Additionally your home with be more attractive to buyers if you decide to sell, since your total cost to run the house will be much less than a traditional one.

Earn a great return on your investment. A typical system has an average payoff period of 7 years. And after your system has covered it’s cost, it will continue to generate free electricity for you as long as you own the system. The Vermont solar homeowner sees a return on their investment of 20 percent or more.

The same holds true for commercial solar investments. Business valuations have increased relative to the initial investment and been assessed accordingly by local Vermont banks and credit unions. Business can depreciate solar assets, driving down their tax liability and maximizing their tax credits. For more information, contact us and we can help you calculate the net impact on your business.

The environmental benefits are another great reason to invest in solar. By installing solar, you can reduce your own personal environmental footprint. When you put a solar panel system on your property, you can avoid purchasing carbon-emitting electricity from the grid, by pulling directly from your solar panels instead. And even when you’re not using the solar electricity directly, you’re offsetting the need for carbon-emitting generation by putting your solar energy back onto the grid.