There are two important reasons that homeowners take into consideration when purchasing a solar power system -- financial and environmental.
- Increase Your Property Value - According to a recent study from the Appraisal Institute, the selling price of homes increased by $20.73 for every $1 decrease in annual fuel bills. Using this 20:1 multiplier, a typical 3kW system -- estimated cost at $12,000 after incentives with an estimated annual saving of $1,000 -- will increase the value of your home by $20,000. (Appraisal Journal - PDF)
- Great Rebates and Credits - A significant portion of the cost is paid through government incentives. The California Solar Initiative (CSI) offers a rebate for homes and small commercial systems that covers 20–30% of the total system cost, and the Federal government offers a $2,000 tax credit that further reduces the cost of the initial investment.
- Hedge against Rising Electricity Prices - The average electric bill has an annual increase rate of about 10%. Solar electric power is not dependent on the existence, development or maintenance of a fuel delivery infrastructure, nor is it dependent on the cost of fossil fuels. Therefore, you will no longer worry about rate increases.
- Positive Financial Returns - With creative and widely-available financing sources, many solar power systems are cash-flow positive from day one. Solar energy is a financially intelligent investment.
- Renewable Power Generation - Solar electricity is a 100% renewable energy source. It provides the advantages of other distributed generation systems without dependence on fossil fuels.
- Reliable and Low Maintenance - With no moving parts, solar generation systems reliably power residential, commercial, public sector and power plant applications. The system is designed to outlast the average home giving you an exceptional return on your investment.
- Zero Emissions - Solar power produces no emissions and no noise. As a result, it can be easily sited in densely populated urban areas on rooftops, parking structures, or on the ground.
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