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Professional Solar Insights
Optimal System Size
The typical solar panel system size for an average household to fully offset electricity costs is 10-kilowatts.
Cost Variation
Costs associated with a 10-kilowatt solar panel system can vary significantly from company to company , and are also subject to factors influencing project complexity.
Long-Term Savings Potential
Going solar has the potential to yield tremendous savings over the life of the system, especially considering the escalation rate tied to the cost of electricity.
Increased Property Value
On average, solar adoption contributes to a 4%+ increase in a home's overall market value.
Rapid Cost Offset
Typically, it takes between 6-8 years to achieve a complete cost offset for your solar panel system.
Financial Accessibility
Numerous solar companies offer $0-down, low-interest financing options, as well as lease/Power Purchase Agreement (PPA solutions tailored to meet the needs of qualified homeowners.
Federal Investment Tax Credit (ITC)
The Federal ITC permits a 30% credit application on the total cost of your solar panel system towards your federal tax bill.
Projected Electricity Cost Increase
Nationally, electricity costs are anticipated to rise by up to 5.3% annually over the next decade.
Passive Income Opportunity
Selling Solar Renewable Energy Certificates (SRECs) presents an avenue for generating passive income, enhancing the overall benefits of transitioning to solar energy.
Advisor Partnership Savings
Collaborating with an experienced solar advisor can potentially result in savings of up to 26% on the total cost of your solar system.