Monday, August 24, 2015

Time to install solar systems has finally come

Solar power is more popular than ever before, and now might be the best time for homeowners and businesses to install solar panels. The costs to install solar systems have fallen sharply in recent times. There is also an overwhelming support among general public to go for more clean energy with solar being the most preferred option of them all.

The interest rates for solar systems are fairly low, and after 2016, a federal tax credit of 30 percent of the cost of solar system will decline to ten percent, raising up the price of solar systems by an average of $3,600 more. In raw numbers, this adds five years to the time in which the system would pay for itself.

The prices of installing rooftop solar systems have been constantly declining while on the other hand the cost-effectiveness of solar systems is increasing, making solar power installations a viable economic option for many homeowners.

Switching to solar energy is no longer just a fashionable go-green option, it has also become a good way to save your money on the long run. It has been reported that thanks to rebates and incentives the cost of solar power has been reduced on average by 50.5 percent in the first half of 2015.

You don't have to buy if you don't have to. There is a growing number of companies that offer a leasing option. Combine this with federal, state, city and local tax incentives, and there should be a significant amount of money saved, especially on the long run.

The leasing option is popular option across the many U.S. states,  mostly because people are used to paying in a monthly fashion. This combined with fixed monthly rate gives consumers predictability, and that is something any homeowner wants.

There are plenty of reasons to go for solar energy so why not pay money now to save money on the long run?