2015 has been the best year so far for installing solar into your home for many reasons. We’re experiencing the lowest prices for solar right now.
Lowest prices for solar, federal tax credit incentives before 2016
For one, homeowners are still able to claim to federal tax credit that is soon to expire in December of 2016, making your solar purchase much more affordable. This 30% tax credit incentive has been effectual to the solar energy cause, especially in California. The prices for solar energy are at their lowest point right now, and if you complete an installation before the tax credit expires, you get to take advantage of that great bonus. After all, if you have any inclination to switch to solar, why claim your 30% tax credit before you won’t be able to?
Additionally, researchers believe the cost may rise once the tax credit expires, since there will be less of an incentive to switch to solar, making the demand decrease and the prices increase. So not only are consumers switching to solar now to claim their federal tax credit, but also to act on the affordable costs that exist today.
Saving on energy costs in Southern California
Now, aside from the federal tax credit, there are other valuable opportunities available through solar. Los Angeles has experienced record high temperatures all throughout 2015, even back when it was “winter.” With record high temperatures sustained for most of the year, solar energy provides homeowners with a great way to save money on their bills. Running the air conditioning all year long is guaranteed to send a spike in your energy bills. Living in Southern California where this year long heat has become an expectation, having solar energy helps combat these large costs to stay cool — even during the holidays when the last thing that we can expect is cold weather.
Cutting expenses, earning more profit
Saving money on your energy bills at home is great. In fact, it’s a miracle considering that it’s not always easy to trim down your monthly expenses. But saving money with solar isn’t just limited to your household expenses. Businesses constantly ask themselves how they can cut costs to increase profits. Well, decreasing your overhead isn’t easy, but solar energy provides a great outlet for eliminating astronomical energy bills. In 2015, more businesses than ever have seen the value of solar energy and invested in order to save money in the long run. Did you know you could generate extra income by selling your extra power back, too?
As solar energy becomes increasingly commonplace in residences and businesses alike, the prices will continue to drop over the long term. However, experts advise consumers to take advantage of the current low prices that exist in 2015.