Economics of Solar

While the environmental benefits are an excellent reason to go solar, the combination of electric savings, rebates, tax credits, and incentives make it an excellent financial investment as well. Payback periods of just a few years or even months are typical.

When calculating the payback of a solar investment, the following provide the return on your investment:

Avoided Electric Costs: Save on your electric bill for the entire life of your system, which is approximately 30 years. With electricity prices rising every year, the savings are considerable

State Rebates:  These rebates vary by state and are based on the size of your system

Federal Tax Credits:  Receive a 30% federal tax credit on your solar investment

Solar Renewable Energy Certificates (SRECS):  Earn money by selling SRECs for every 1,000 kilowatt-hours of electricity your system produces

There are also various options for financing your solar investment