Solar Panel Incentives | Solar Panels, Battery Storage, Roofing, HVAC
Solar panels have many advantages, and saving money is definitely one of them. Using solar energy in place of grid electricity can save money on the monthly electricity bills. Though solar panel installation is quite an investment, the overall benefit offsets the one-time high investment. If you plan to stay in the same house for long enough, you can quickly recoup the investment on solar power panels in a few years. Moreover, with battery storage, you can save the extra electricity generated by your solar panels and use it in place of regular grid power. Semper Solaris is a Tesla Powerwall Certified Installer, so you can be sure that you will have a top-of-the-line battery installed! Now, most utilities allow consumers to sell solar power to them. Either way, you can save money through the power generated by the solar panels installed on your property. Solar power also saves you money when the electricity goes off for a more extended period, such as during a storm or forest fire. The solar energy not only supplies power to your house and allows it to function without any significant disruption. It also does so for no extra cost. If you use a generator, it will consume fuel, cost you and cause noise and pollution while the solar power will provide you power without any extra cost. Clean energy A primary reason why solar power is popular is that it is clean and renewable energy. Unlike fossil fuels, it does not generate pollution. Its mechanism allows it to tap solar energy without creating any pollution at all. So, when you are using a water heater, illuminating your house or running the appliances on solar energy, you know the power has a completely clean source. Another important aspect of solar energy is that it comes from a renewable source of energy. Unlike coal, petrol, or gas, solar power is not going to get depleted with time or overconsumption. Adding solar power to the sources of power that we use can ensure energy security. Considering the pollution that fossil fuel generates and the entire spectrum of problems that pollution causes, solar power is a lot more beneficial and cost-effective. Solar installation Why some people think solar panels may not be saving money for its consumers is because of the significant investment that it entails at the time of solar installation. Setting up a solar power system is somewhat cost-intensive. You have to invest in solar panels and possibly batteries depending on your preference. But once the investments are made, you can reliably tap into solar energy and save on the electricity bills. Except for minor repairs from time to time, changing the batteries is the only recurring cost associated with solar energy. The Final Answer Although installing a solar energy system at your property may look like an expensive proposition, the long-term savings that you make on the monthly electricity bills far outweigh the one-time investment. More importantly, in the case of solar energy, you are using a clean source of energy that’s not adding to the pollution.
Solar panels are an excellent investment for most homeowners, but understandably so you want to know if there are any “hidden costs” when you install your panels. One of the most common questions is if installing solar panels will cause your property taxes to increase due to the increase in your home’s value. The good news is that the answer is no! While adding solar panels to your home does indeed increase the value of your home, you will not be hit in the wallet come tax time. California offers an exemption. Currently, there are only two ways your property is reassessed by the county. The first is if you sell/buy a new home, your home will be assessed and your property taxes will most likely increase, and the second is if you do a major renovation that requires you to apply for permits. While you do need to apply for permits to install a solar panel system, and as a result, your property value will go up. Still, you will not pay any additional property tax when you install new solar panels until the home is sold. According to Solar Energy Industries Association, an average solar panel system can add around $15,000 more in value to your home. In turn, depending on your property tax rate, this could add several hundred dollars to your yearly property tax bill. So you can count that as significant savings when you install your solar system. You may need to find out if there is an additional form to fill out to qualify for the tax break. Contact your local tax office to find out. It is usually a simple form that needs to be filled out and submitted to qualify for the break. The bill (Senate Bill 871) allows for this exemption in place until the year 2025, so if you are considering installing solar, now is the time to do it so you can get a break on your property taxes. If you want to read more details on the bill, you can check it out here. If you are considering solar panels, give one of our customer service representatives a call at Semper Solaris, and we can get the ball rolling on a solar panel system for you! We can go over a cost analysis and evaluate your roof and how much sun your home receives and discuss options with you. What about sales tax? Is there an exemption for that? While some states offer one, unfortunately, California does not have an exemption for sales tax on a solar panel system, so you will have to pay that tax. Does California State offer a tax credit on my yearly tax return? California used to offer a tax break on the purchase of solar panels, but it does not any longer. That went away in 2005. The only tax credit available is the Federal Tax Credit, which currently gives a 26% tax credit.
