Reasons to go Solar for Residential (US)
- 30% Federal Tax incentive.
- Investment in an owned energy source with option of battery back-up in the future.
- A study conducted by National Renewable Energy Laboratory (NREL) concluded that homes with solar panels sell 20% faster and for 17% more money.
- U.S. Department of Energy’s (DOE) Lawrence Berkeley National Laboratory found that the sales price of the average home increased $17,000 with solar panels.
- Solar panel manufacturers include a 20- to 25-year warranty with their solar panels. The industry standard guarantees 80% performance after 25 years.
- No longer spending money that could have been, and could be spent on your own energy source for your home.
- Gain the money back you already spent and should have invested from day-1.
- Add $15-$50k (or more) to your home value.
- Rebate check from utility company (LADWP).
- State rebate/tax incentive programs.
Reasons to go Solar for Business (US)
- Very low maintenance (not including back-up systems).
- Reduces cost for business by eliminating electric bill.
- Pay upfront or finance for almost 40 year of energy for a portion of what you already paying.
- Curb adjustable rates from utilities and invest in a fixed electricity rate with solar.
- Panel last from 25-40 years and most come with a 25-year warranty.
- Earn the “green” label for your business entity’s image.
- Government Incentive such as the 30% Section 48 Investment Tax Credit, federal Modified Accelerated Cost-Recovery System (MARCS), the Section 1608 Treasury Grant Program, and the tax depreciation program.
- Available state commercial solar TREC’s (CA) and REC’s (Renewable Energy Certificates) help to monetize a solar system (varies per state). REC’s can be sold on the open exchange for every mega-watt produced by your solar electric system.
- Utility commercial incentives, such as rebates upfront, long-term SREC purchase agreements, and below-market financing options.
- Don’t wait too long because the federal 30% tax credit goes down to 26% in 2019 and ends in 2021.
Reasons to go with a battery-back up/hybrid system (US)
- Get a rebate from California’s Self-Generation Incentive Program (SGIP).
- Qualifies for federal tax incentives such as grid-tie solar.
- Peace of mind during an emergency.
- Save money using batteries when peak rates are the highest.
- Many products to choose since technologies have evolved.
- 10-year warranty and recycling program with most battery manufacturers.
- Have a reliable power source constantly even without an unreliable, outdated grid.
- Protection against grid collapse.
- Backs up critical loads in the home or business.
