June 1, 2019

How Long Does It Take My Solar Panel Investment to Start Paying Me Back?

One of the biggest reasons people often decide to go with solar energy is because they like the idea of getting free power from the sun. However, the cost of installation might have you wondering if you really end up saving money in the long run. It is true that you pay more for installation initially, but the investment will start paying you back eventually. How long this takes will depend on a few factors. Initial Costs To figure out how long it takes before your installation pays you back, it is useful to know how much it costs in the first place. Prices can vary depending on your location, power needs, and property size. Costs to Produce Energy The savings from getting to install solar power in your Modesto home will be apparent once you look at the energy production costs. There are absolutely no charges to use the power that solar produces. A residential household has power bills that average up to about $111 each month. This means that you end up saving enough to pay off your solar panel installation in roughly six to nine years. Solar Panel Duration To figure out if it’s a worthwhile investment,...

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January 5, 2019

What Tax Credits Do Solar Panel Upgrades Qualify For?

As licensed energy professionals in Modesto, our technicians at look forward to helping you create a more energy-efficient home with solar panels. If you have been considering installing solar panels, 2019 is an ideal time because of the available tax credits. Some of these tax credits are set to decrease or expire in 2020. Qualifying Products All solar panels made in the USA and installed by American companies qualify for solar panel tax credits. You must be the owner of your solar panel system. This means that if you signed an agreement with a utility company to install solar panels on your house, you do not qualify. You must be the one paying for the solar panels, and you must own the entire system. If you already had solar panels, but you need to replace them, your upgraded new panels will still qualify you for the credits. Qualifying Expenses All of the expenses related to a residential solar panel installation qualify for the tax credits. This includes the cost of the panels, the cost of associated parts such as batteries or wiring and the labor fees for the installation. You can receive the credit for a solar panel installation on...

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