Purchase Solar Kit Package Systems
What are Solar Kit Package Systems?
Solar Kit Package Systems were specifically created for those eager to start their path to energy independence at a feasible upfront cost. This solar package includes the primary devices needed to build the basic foundation of a solar system and can be simply upgraded over time to increase the power. A great way to start!
Benefits of Solar Systems
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.
Federal Tax Credits Extended through 2017
The Emergency Economic Stabilization Act of 2008, which was signed into law on October 1, 2008, contains renewable energy legislation which is great news for our solar customers. Not only was the 30% commercial solar investment tax credit extended through 2017, but the same tax credit was also extended to residential installations.
Under this legislation the previous $2,000 cap for residential solar installations was eliminated. This means that, as of January 1, 2009, the purchase of a residential solar electric system makes you eligible for a tax credit equal to 30% of the cost of your solar system, including installation. See full information on how you may use the tax credit.
If the federal tax credit exceeds your tax liability, the excess amount may be carried forward to the succeeding taxable year. If you do not earn enough to pay taxes to the U.S. Treasury, you may apply for 30% of the cost of the solar or wind system in the form of a Renewable Energy Grant.
Purchase Solar Kit Package Systems
Courtesy of Solar Power Authority and DSIRE
