Pros and Cons of Residential Solar Panels

Pros and Cons of Residential Solar Panels

If you’re interested in installing residential solar panels, you have likely been bombarded with solar marketing. Making a decision whether to install solar panels or not depends on different situations.…

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Commercial Depreciation On A Solar Energy System

Commercial Depreciation On A Solar Energy System

Commercial properties are eligible for the Business Energy Investment Tax Credit (ITC) of 30%. This is the business version of the Residential Renewable Tax Credit of 30% for homeowners. The American Recovery and Reinvestment Act of 2009 established the tax credit to include solar installations and is in force through 2019 at the 30% level. The entire cost of the system qualifies for the credit from design, to components, to installation. Solar systems can also be depreciated in a way to allow for businesses to take a higher deduction earlier than what is usual.…

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How to Measure the Home Equity of a Solar Energy System

How to Measure the Home Equity of a Solar Energy System

A 2015 study by the National Renewable Energy Laboratory (NREL) places a price premium of $3.11 a watt for solar energy systems added to residential properties. For those with a typical 8kW system, this means the added resale value to your home is around $24,880.…

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Is Purchasing a Solar Energy System the Most Important Contribution You Can Make to Save the Environment?

Is Purchasing a Solar Energy System the Most Important Contribution You Can Make to Save the Environment?

We write a lot in this blog about the financial benefits of purchasing a solar energy system. And it's true! Solar panels are warranted for 25 years and will likely last for a lot longer than that. You'll save money on your electricity bills and add equity to your house. However, maybe the most important thing of all is that you'll be helping to save the environment by drastically reducing your carbon impact.…

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As Electricity Prices Increase In Ohio, Solar Energy Is A Solution

As Electricity Prices Increase In Ohio, Solar Energy Is A Solution

Electricity prices are going to rise, but not just due to inflation or to fossil fuel price increases. Prices are going to rise because the nature of the electrical grid is changing. More coal-fired power plants are being decommissioned and natural gas fired plants are coming online. These plants cost $1 Billion to construct and connect, costing Ohio consumers upwards of $6 Billion in additional fees. So why do utility companies insist on blaming the rate increases on solar?…

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