Solar Power Success: Yearly Return & Low Energy Costs

When Jim Camasto had money to spare a few years back, he made a wise decision to invest in something other than the stock market: solar power. Today, this decision yields him a 3 to 4% yearly return and security that other investments just don't offer.

After having a solar thermal and solar electricity system installed on his roof, Camasto began to reap the benefits in lower monthly energy costs. How much exactly? A 50% reduction in gas costs and 70% reduction in energy costs. Better yet, he was then able to begin selling the extra power back to the electricity grid, as well as renewable energy credits to investors, who lend money to renewable energy projects.

Luckily, since the price of installing solar panels has been dropping steadily, other homeowners can soon follow in Camasto's footsteps. Some states even offer tax incentives to cover up to 30% of the installation cost.

It may cost a pretty penny upfront, but solar energy panels offer a substantial return in the form of lower energy costs. Plus, they're the perfect selling point for any homebuyers down the road.

Courtesy of Solar Power Authority