How does a Photovoltaic Solar system investment make you money?
1.Free Electricity – Once the solar system is paid off, in about 8-10 years, it will save you tens of thousands of dollars over the life of the system. (25-40 year system life)
2.Federal Tax Credit – Refunding 26% of every dollar investing in building the PV system
3.Boosting Your Home’s Resale Value Money Magazine BY SHAINA MISHKIN APRIL 23, 2019 A new study suggests the answer is yes — although whether it’s enough to actually cover the cost of the panels depends on where you live. On average, solar panels raise a home’s value by 4.1% across the U.S., according to a new Zillow analysis of homes across the country— that’s a boost of $9,274 on a $226,300 home, according to the study. ($18,548 on a $452,600 home) UC Berkeley Lab two reports in 2015Buying a solar energy system will likely increase your home’s value. Arecent studyfound that solar panels are viewed as upgrades, just like a renovated kitchen or a finished basement, and home buyers across the country have been willing to pay a premium of about $15,000 for a home with an average-sized solar array. Additionally, there is evidence homes with solar panels sell faster than those without. In 2008, California homes with energy efficient features and PV were found to sell faster than homes that consume more energy. Keep in mind, these studies focused on homeowner-owned solar arrays.