Without a doubt, more and more homeowners are installing a home solar system. There are certainly plenty of good reasons to do so. The sun provides us with a natural source of endless energy. So why not put it to good use & capture it to power your home?
Here are the top reasons for considering a solar power system for your Maine home or business…
A Home Solar System Saves Money$
Imagine never having to pay another electric company bill. Also, consider never having to worry about an increase in the cost of electricity. Solar power gives you this freedom!
You can purchase an entire home solar system, paying upfront for the installation and equipment. Or, you can take advantage of a financing option to spread out the cost over time.
Either way, once your new solar power system is in place and operational, your electric bills cease to exist. And most importantly, you start saving monthly expense money. If you install a grid-tie system, you even receive a credit from the power company when you sell your excess power to them.
Exactly how much you can save by switching to solar depends on several factors, including:
- How much electricity you use
- How many solar panels you install
- Whether or not you install batteries as well as solar panels
- Financing costs if you lease or finance the installation
- Your geographic location and your home’s exposure to sunlight
The best way of estimating your potential savings is by having a consultation with an energy expert who can assess the details for your home and location.
Switching to Solar Increases the Value of Your Property
In most cases, installing a home solar system will increase the value of your home. This increase in value may well off-set the cost of installing the system.
Many home buyers are now looking for properties that already have a functioning solar power system in place, and they are willing to pay more to buy a property with solar power.
If your solar power system also includes a battery backup system, the added value to your property might be even higher. Having a battery backup means you will not lose power in the event of a power company grid shut-down.
Home Solar Provides Self-Sufficiency
In today’s uncertain world, having a fully self- contained home solar installation means you are no longer reliant on the electric company to keep the lights and heat on in your home.
Having this level of self-sufficiency can bring you and your family peace of mind in the event of a natural disaster or other emergencies.
Tax Credits and Rebates for Installing Solar Panels
Federal, state, and local tax credits and rebates exist for helping you with the cost of installing a home solar power system. State and local programs vary, depending on location, but federal tax incentives for 2020 are available everywhere.
According to Consumer Reports, the Residential Renewable Energy Tax Credit is set up to reimburse homeowners for 26 percent of the cost of installing solar power in 2020. However, that rate is also set to go down to 22 percent in 2021.
Installing Home Solar in Maine
All in all, when you take the step to install a solar power system in your home, you want to hire a contractor with experience in this area of construction. Do you live in or near Knox County, Maine? If so, that contractor is Luther’s Home Building and Excavation in Isle au Haut.
Luther’s has the experience, trained installation crew, and connections to solar power system products you need to get your new custom home solar system up and running as quickly as possible for a reasonable cost.
Ready to get your home or business running on the inexhaustible power of the sun?!
Contact Luther’s today for a free consultation and estimate
(207) 335-2010
