Financial Incentives for Using Solar Power in Your Home

 


Article by: Richard Chapo

It is undeniable that energy , Natural Gas Grills prices are going through the roof. , Buying A Sauna? Read This Before You Buy Your First Sauna Just take a look at your utility bill. The good news is using solar power , Landscape Architecture can save , Hassle-Free Walk-In Showers your bank account, particularly with new incentives.

Personal Tax Credit and Deductions

If anything is more aggravating than exploding energy , Buy Area Rugs on the Web? What a Site! costs, it's your tax bill. New and established government programs let you attack both by going solar. , How To Make Your Own Roman Shades The first method is by simply saving money on taxes. If you install a solar energy , DIY Conservatories & The Home Owner system on your home, , Laminate Flooring and Installation Glue - Don't Get Yourself into a Sticky Situation! the federal government is going to give you a tax credit of up to $2,000. Tax credits reduce your tax liability dollar for dollar unlike deductions which are subtracted from your gross income. A majority of states now also offer tax credits you can use when paying state taxes. Each state handles the matter differently, but you can expect to get a credit for a percentage of your installation cost or a fixed figure.

Net Metering

Net metering is a concept that has resulted in exploding sales in the solar energy , How to Care for Copper Sinks industry. Net metering refers to state laws that require utilities to purchase power , How To Make Your Own Roman Shades generated from your residential solar , Storage Barns system at the same price the utilities would otherwise charge you for electricity. , Time to Bin the Bath? In effect, net metering lets you use the utility company as a battery. While you are at work during the day, your solar , Age Old Question: Buy New or Remodel Existing Home? system sends energy , Landscape Architecture to the utility and your power , Window Dressing from the Outside Looking In meter actually runs backwards. When you come home , Leather Is A Great Choice In Your Decor at night and use power, , Buying A Sauna? Read This Before You Buy Your First Sauna the power , How To Install A Home Water Purifier meter runs forward. All and all, net metering will either slash or completely eliminate your utility bill. With solar , Age Old Question: Buy New or Remodel Existing Home? panel systems having a life of 40 years, think how much money you'll save! , Rainbow Vacuum Cleaners For A Unique Clean While a majority of states have net metering laws, not all do. Make sure to check if yours does.

Property Tax Incentives

Property taxes. How we all hate paying property , Age Old Question: Buy New or Remodel Existing Home? taxes. Well, many states now provide exemptions, exclusions or credits for homes , Choosing The Proper Flooring For Your Room with solar power. , Diesel Generators Each state handles this issue differently, so look into the potential savings in yours.

Rebate Programs

To promote solar energy, , Modern Rugs Add Color, Texture, Interest and Space Definition To Your Room rebate programs are offered to homeowners by states and utilities. Again, the characteristics of such programs vary wildly, but typically come in the form of rebates ranging from a couple hundred bucks to $4,000 or more.

With your utility bills going through the roof, , Hassle-Free Walk-In Showers it is time to consider steps you can take to save , Bad News Critters - Beware of Animals in Crawl Spaces money. The economic benefits of going solar , Hassle-Free Walk-In Showers have never been better, which makes now the time to convert.
Rick Chapo is with SolarCompanies.com, a directory of solar energy , Bad News Critters - Beware of Animals in Crawl Spaces companies. Visit us to read more articles on solar power , Bad News Critters - Beware of Animals in Crawl Spaces and renewable energy. , Garage Floors - Let's Look at Your Options

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