Advantages of DIY Solar Power Include Federal Tax Credits

The advantages of building your own solar powerthe solar cells for cheap and where to find some
include being eligible for some tax credits from the U.S.batteries for free (sounds like an advantage to me.)
Government. Hopefully, this will help out weigh theIn order to prove the system would work for anyone,
disadvantages. These tax credits are for Solar EnergyMichael selected 11 different people with no particular
Systems.building skills and let them use his manual. Their
If you install solar water heating systems orsuccess was far beyond what Michael had
photovoltaic systems in any fiscal year between 2006anticipated. He wants you to have that same success
and 2016 then you will qualify. There is also a $500so that you can join the growing number of people
credit for home improvement, but that is totallyusing solar power.
separate. The tax credit is 30% of the cost of theAnother advantage of building solar power from a
units.manual is that the process is fairly simple. You solder
Installation of a small wind energy system has thetogether the 2.5 volt solar cells until you get 12 volts.
same 30% tax credit. These systems must haveThen this solar panel will charge a battery. The battery
been installed between fiscal year 2008 and 2016.connects to an inverter (yes, you will have to buy the
IRS Form 5695 is the form you will need. All the mostinverter) and the inverter feeds your electrical
popular computer based tax preparation programs willappliances. This panel process can be done for under
ask you about this in their survey section.$200. You can price inverters at your local hardware
Purchasing solar power systems from manufacturersstore. I have seen similar panels online costing around
are still very expensive (disadvantage) and you may$1500.
never be able to recoup the cost involved. TakingString enough of them together and you could
advantage of building your own solar power, with aeventually get totally off the grid and start selling
little help from your friends, is still the way to go.energy to the electric company. A disadvantage is I
Plans for do it yourselfers are available on the Internetdon't think that this is totally realistic for most people,
at very modest costs and can eliminate the hugebut the possibility is there.
front-end cost by building it yourself. But, you will stillLast advantage to using Michael's manual to make
need professional help in attaching the system yousolar power is that he will send you updates to the
build to your home's electrical system.manual as things change and or improve. Michael really
Michael Harvey has the most popular set of do itwants you to be successful at building your own solar
yourself instructions. He shows you where to purchasepower.