Is Solar Worth It?
Governments, businesses, and consumers are increasingly supporting the development of alternative energy sources and new technologies for electricity generation. Solar power is becoming one of the most popular renewable energy choices, as it has a nearly inexhaustible supply source. Yes, installing residential solar is definitely worth it. Here’s why. Cost Savings With prices falling rapidly, installing home solar panels can dramatically trim your energy bills. New technology has sent solar prices plummeting more than 60% in the past several years, so the time it takes to recoup what you paid for your system, also known as the payback period, is shorter than ever. Google’s Project Sunroof is in the process of helping homeowners to determine their potential home solar panel savings. Tax Credits Homeowners who buy their panels — instead of leasing them — can claim a federal tax credit worth 30% of their purchase at tax season, which translates into a $6,000 return on a $20,000 home sol