| Solar power cost may be much lower then you might | | | | All this is great and all but the best part is that you'll be |
| expect. You see, the problem is the upfront fee of | | | | helping to save the environment from it's downward |
| solar panels and installation. On average these costs | | | | spiral while saving a vast amount of money at the |
| add up to around $30,000 for an American household. I | | | | same time. So lets recap all the incentives you'll be |
| know it looks like a lot right, but lets break this down a | | | | able to qualify for. |
| little bit to lower the solar power cost. | | | | 1. Estimated property value increase of up to $25,000. |
| Tax incentives are available to support the spread of | | | | 2. A federal tax credit worth 30% of the total cost of |
| solar power and other renewable energy generation. In | | | | a qualified solar energy system. |
| 2009 the government issued a federal tax incentive of | | | | 3. A state rebate up to $10,000 on a new solar energy |
| 30% of the cost for renewable energy equipment. For | | | | system. |
| a solar energy system that costs $30,000 that would | | | | 4. $40,000 dollars of utility bill savings in 25 years. |
| bring it down to $21,000 which is already a drastic price | | | | 5. Property value will go up, but because it is |
| cut, but wait there's more.There are also state | | | | renewable energy creation there is no property tax |
| incentives depending on what state you live in, lets | | | | increase. |
| take Illinois for instance. Illinois offers a tax credit of | | | | 6. Your saving the Earth and saving money at the |
| 30% to go for new solar systems up to $10,000. | | | | same time. |
| There is also an estimated increase of property value | | | | So now you know how you can lower solar power |
| of $25,000, and because it is solar energy there are no | | | | cost. There's just no reason why you shouldn't install a |
| property tax increases! Also the fact that utility savings | | | | solar power system when it will benefit you and the |
| are projected at $40,000 for 25 years of solar energy | | | | earth this much. |
| use. | | | | |