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Buying the system is your best option! Whether you pay cash for the system or finance it, at some point you could have no electricity bill.
CNBC Oct 2019 published
Homes with solar panels in California will sell for 3.6% more
As a renewable source of power, solar energy has an important role in reducing greenhouse gas emissions and mitigating climate change, which is critical to protecting humans, wildlife, and ecosystems. Solar energy can also improve air quality and reduce water use from energy production
I purchased an 8kw solar system in 2016 for $29,500 and received a Federal Tax Credit of $8,850. This made the net cost of my system $20,650. I divided my average monthly electric bill of $320 by $20,650 and came up with 64 months to pay for the system. Currently I have a negative electric bill and expect that for the next 20 years. This will save me over $76,800.
Debbie sold her house in 2021. Her Realtor suggested that she increase the purchase price by $25,000 as a result of an owned solar system.
They sold the property within weeks and her 30 years warranty was transferred to the new owners.
Around 50g of CO2 per kilowatt-hour is produced during the first years of operating a solar energy system. The solar panel’s carbon footprint is roughly 20 times less than the carbon output of coal-powered electricity sources. As a result, your carbon footprint will decrease as soon as you install solar power in your home.
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