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Today, I'm joined by Rick Davis from Revolve Solar to discuss solar panels. What can solar panels do for your home? Are they a good investment?
There have been studies done on home valuation when sellers add solar panels to their homes, and in almost every instance, there is a substantial increase in value. If two homes are exactly the same except one home has solar panels, the home with solar panels is priced at a higher value. That's because having solar panels virtually eliminates electricity bills.
While it can cost $25,000 for an entire solar panel system, you do get a 30% investment tax credit for adding these renewable energy sources to your home. Another interesting thing is that as your property values increase due to the solar panels, they cannot increase your property taxes.
Of course, we recommend that you have a professional from Revolve Solar come out and inspect your property. Depending on your roof and financing, paying for an entire solar panel system up front may not be the best option for you. For instance, if you're retired and no longer paying taxes, the 30% investment tax credit is not an incentive for you. There are other options for paying for solar panels, and a professional can help find the best option for you.
If you have any questions on solar panels, or are interested in a free consultation, go to http://www.revolvesolar.com. If you have any questions about today's video, or real estate in general, give me a call or send me an email. We'd be happy to help you!
There have been studies done on home valuation when sellers add solar panels to their homes, and in almost every instance, there is a substantial increase in value. If two homes are exactly the same except one home has solar panels, the home with solar panels is priced at a higher value. That's because having solar panels virtually eliminates electricity bills.
While it can cost $25,000 for an entire solar panel system, you do get a 30% investment tax credit for adding these renewable energy sources to your home. Another interesting thing is that as your property values increase due to the solar panels, they cannot increase your property taxes.Of course, we recommend that you have a professional from Revolve Solar come out and inspect your property. Depending on your roof and financing, paying for an entire solar panel system up front may not be the best option for you. For instance, if you're retired and no longer paying taxes, the 30% investment tax credit is not an incentive for you. There are other options for paying for solar panels, and a professional can help find the best option for you.
If you have any questions on solar panels, or are interested in a free consultation, go to http://www.revolvesolar.com. If you have any questions about today's video, or real estate in general, give me a call or send me an email. We'd be happy to help you!
