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Solar Panels Cost: Factors Affecting Your Investment

What solar panels cost is a question every homeowner will ask when first considering solar energy. Given the different variables affecting cost, the answer to this question depends on a number of things. For example, the size of roof you have, the amount of energy your family consumes and the financial incentives available in your area will affect your solar investment. Visit us at http://www.americanpv.com/solar-panels-cost.php for more information about Solar Panels Cost.

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Solar Panels Cost: Factors Affecting Your Investment

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  1. Solar Panels Cost Factors Affecting Your Investment © 2012 American Solar Electric. All rights reserved.

  2. Solar Panels Cost • Cost is question asked by homeowners when considering installing solar energy. • Variables affecting costs depends on the ff: • Size of roof – larger roof means more cost • Energy Consumption – pool or hybrid vehicle increases consumption therefore requires larger solar energy system • Financial incentives – available financial incentives vary by state when purchasing or leasing solar energy © 2012 American Solar Electric. All rights reserved.

  3. Solar Panels Cost • One common thread exists amongst all solar system purchases, the systems will pay for themselves over a period of time • Amount of time depends on installation © 2012 American Solar Electric. All rights reserved.

  4. Solar Panels Cost Reducing the Solar Panels Cost • Incentives that can bring down out-of-pocket expenses • Federal Tax Credits • 30% reduction in out-of-pocket costs • credit is applied with no cap • credit vs. deduction – tax liability reduced by 30%, if do not owe taxes, can roll over credit for future years © 2012 American Solar Electric. All rights reserved.

  5. Solar Panels Cost Reducing the Solar Panels Cost • State and Local Incentives – each state provides different incentive program • Income tax credits • Sales tax exemptions • Other financial incentives available in area • Leasing Programs – little to no upfront out-of-pocket costs • Company will maintain and warranty system • Monthly fee is lower than traditional utility bill © 2012 American Solar Electric. All rights reserved.

  6. Solar Panels Cost Beginning Your Search • Apples to apples proposals to easily compare costs of solar panels • Even if leasing good to get quotes on purchasing options to know actual return on investment • Take time to understand purchase agreements • Experienced solar contractor can help walk through your options © 2012 American Solar Electric. All rights reserved.

  7. Solar Panels Cost About the Author Joy Seitz is VP of Business & Policy Development at American Solar, one of Arizona's leading solar companies who designs and installs solar electric systems and solar hot water systems. Visit us at http://www.americanpv.comfor more information about How Solar Works. © 2012 American Solar Electric. All rights reserved.

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