Financial Reasons To Go Solar

Our New Customers Often Ask Alternate Energy…

“What Solar Financial Benefits and Incentives are available to me?”

There are many benefits and savings.

Non-taxable income – Residential solar is an after-tax income producer, because the “income” is really a “savings”, therefore non taxable. Light from the sun is converted to heat (for hot water) or electricity and reduces your consumption of energy (heat or electricity) to buy. Total return on investment can be as high as 30% (your conditions will vary).

Inflation Protection – Energy is the most inflationary item in our economy, and is deleted from government inflation statistics. When you produce your own energy from your own energy supply, your solar energy does not inflate. This is a critical safeguard if you are planning for a fixed retirement income.

Solar Grants are offered by your state energy office to further assist you in making a solar investment. These grants reduce the installed cost of solar electric, heating or hot water systems. Alternate Energy takes care of all the paperwork for a seamless, headache-free experience.

Improved Real Estate value – For every $1/year you save, your property value increases by up to $25. This makes sense when you consider that 4% of $25 is $1. When mortgages are below that interest rate, each dollar can pay at least a $25 additional mortgage balance.

What are Solar Renewable Energy Certificates (Credits) or SRECs?

The SREC program “Credits” you for making “green” behind-the meter electricity from solar electric systems. You can sell the “green” certificate (each time you make 1000 Kwhrs of solar electricity). This hot commodity is popular with solar owners because it adds a residual income stream over and above electric bill savings, payable in cash. You can opt to receive a lump sum cash SREC grant. As with all other paperwork, we get you set up with the best SREC rates with automatic ETF deposits to your account. We offer various SREC solutions from paid-as-you-generate to guaranteed rates to pre-paid plans, which assists you with the financing of solar.

The SREC concept is popular with the government because the SREC is the most cost-effective incentive to help the decision to construct solar electric facilities.

What Business Energy Tax Credit / Residential Tax Credits are available?

With the signing of various Alternative Energy and Stimulus Bills, new opportunities were opened for more and more millions of Americans to lessen their dependence on traditional supplies of fossil fuels and electricity.

The most well-known is the 30% investment tax credit, for all solar investments except swimming pool heaters and passive heating through windows.
Never before has it been so affordable to make the investment in energy conservation and production for one’s own home or business. Below is a breakout of the tax credits (note: these are true “Credits” against tax liability, rather than just a “deduction” which just lowers the amount of income that could be taxed.)

NOTE: For business, there are special accelerated deductions. This means the government pays up to 65% of the cost through tax benefits. This greatly helps cash flow. In some cases, the entire system cost can be expensed in one tax year. In other cases, solar is considered 5-year property, meaning it is deducted in far less time than the system’s 30+ year lifetime.

There are all kinds of new incentives for both federal and states, which you can find at http://www.dsireusa.org/.

This site is updated approximately every 2 weeks. For specialized help for you particular site and application please contact us.

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