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Solar power provides protection against unprecedented future energy price increases. As electricity rates rise over time, your savings from solar become more significant. You lock in your electricity costs at a fixed rate, making budgeting more predictable.
As of August 2022, the Federal Government is offering up to a 30% tax credit to those who go solar. There are also state incentives available. These incentives greatly reduce the cost of going solar.
Solar panels can increase the value of your property. Homebuyers often see solar as an attractive feature and appraisers consider it when assessing a property's worth. The increase in property value can offset the initial investment in solar panels.
This financing option allows you to install solar panels on your property with no upfront cost. Instead, you make regular payments over time.
A solar lease allows you to use solar panels without owning them. You pay a fixed monthly amount to lease the panels and receive the electricity they generate. The leasing company is responsible for maintenance and repairs.
If you have the financial means to do so, paying for your solar system in cash can be a wise investment. You pay the entire cost of the solar installation upfront, and you own the solar panels and all associated equipment outright. There are no monthly payments or interest charges.
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