Verengo Residential Solar Panels Can Pay for Themselves

Many homeowners erroneously think that solar panels are too expensive to install on their home. The truth is that, according to Fox News, solar panels have decreased more than 20 percent just since 2010. The federal government and many state governments have offered additional savings to residents who purchase and install solar panels on their home. These credits are offered because solar energy is proven to be better for the environment than other forms of energy. In California, many homeowners are finding Verengo residential solar panels to be an affordable option for them. Below is a list of some great ways that solar panels can actually pay for themselves within several years.

Free Energy
First of all, it is important to mention that solar energy comes from the sun, which is both abundant and free. The Verengo residential solar panels can collect the rays from the sunshine during the day and convert that into electrical solar power. This solar power can be used to operate some or all of the appliances, lights, and electronics in the household. No government agency can regulate how much energy can be produced by a homeowner and since it is free to collect, homeowners never have to worry about a price increase.

Federal Tax Credits
The federal government offers homeowners an incentive to encourage them to purchase and install Verengo residential solar panels on their home. This incentive is referred to as the Solar Investment Tax Credit (ITC) and is available to all homeowners until the year 2016. This incentive allows homeowners to take up to a 30 percent tax credit when filing their federal income tax. Homeowners must purchase qualified solar panels to be eligible for the tax credit. This helps residents offset some of the costs involved in installing home solar panels.

California Rebates
California residents are also eligible for a rebate for the state after installing Verengo residential solar panels on their home. This rebate is available to all residents of the state who purchase qualified solar panel units. The solar panels must be installed by a state-certified contractor like Verengo Solar. The amount of the rebate is based on how many watts of energy the solar panels are able to produce. This state rebate, in addition to the federal tax credit, can nearly cover one-half the cost of the installing home solar panels. These governmental savings have already allowed thousands of California residents to afford installing solar panels on their homes.

Lower Energy Bills
Of course, installing Verengo residential solar panels will be able to lower, or possibly even eliminate a homeowner’s monthly electric bill. The amount of savings that each homeowner will see is based on how many units of electrical power the solar panels are able to produce on a monthly basis. If the homeowner does not use all of the solar energy that they collect during the month, they can save even more money by selling this excess solar energy back to the utility company. This helps homeowners receive monthly rewards just for installing Verengo residential solar panels on their home.

While the cost of installing home solar panels is coming down, it still cost an average of $55,000 to have a unit installed that can produce enough energy for a standard home in America. However, the different savings listed can help a homeowner recoup the money put into installing Verengo residential solar panels within several years. Best of all, homeowners do not have to worry about utility fees going up or ever having a shortage of electricity. With home solar panels, homeowners can be certain that they will always have enough energy to meet the demands of their families