If you have heard about the financial benefits of solar energy and are wondering if you can benefit from it, this information should help.
The solar system installed in your business can reduce or eliminate your electricity bill. Installing solar modules can be beneficial for consumers, no matter how small or large their bills are. Instead of paying the electricity company, you pay for your solar power plant, which will pay for itself in 4-9 years.
They say that time is everything in life and this certainly applies to solar energy.
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Tax Credit – The federal government provides a 30% tax credit for solar power investment. Not just a tax reduction, but a tax credit, and the amount is unlimited.
Rebates- Solar Initiative offers discounts. Business rebates today reduce the net cost of the solar system by about 20%. This rebate is neat, which means that this percentage decreases when used in the first step, first service. So, if you are thinking about choosing solar energy, a step can make you lose money in the form of lower rebates.
Funding – Funding includes the cost of installing a photovoltaic system and can be paid in 20 years.
If your utility bill is $ 200 or more per month, you might be able to save more on the monthly system installation fee and pay it off in less than 10 years. You can have a solar installer to help you fill in the required documents.