Are Solar Panels Really Free? The Myth and The Truth
You’ve probably heard a lot about “free” solar panels. If you’re thinking that it’s too good to be true, you’re right. The truth is, there is no such thing as a completely free solar panel installation. However, solar panels are a great investment that do end up saving you money, as well as increase the value of your home! Interested in finding out more? That’s what we’re here for!
How can solar energy save money?
Orbit Energy’s Residential Solar Program helps to lower or even eliminate your electric bill. We offer flexible financing solutions such as $0-down as well as Power Purchase options. Energy costs rise every year, and your electric bill will probably do the same. However, you can stop the increased expenses with fixed payments for solar. Our team will also make sure that you receive all of the state and federal incentives available for switching to solar! With a solar energy system, you can even increase the value of your home by an average of 4.1%!
Another great reason to get solar is because of the federal tax credit! This makes it so solar energy owners get a tax credit of 26% of their solar energy system installation towards their federal taxes. When this amount is applied to your solar purchase, it you reduce the cost of your solar panels significantly. However, this credit will decrease to 22% in 2021, so make sure you install your solar panels before then end of 2020! New Jersey in particular offers lots of other incentives as well to go solar!
Solar energy is becoming increasingly more affordable and more popular with homeowners and businesses alike. More and more homeowners are choosing to swap their pricey electric bills for green, affordable energy. So, by installing solar panels you will be increasing the value of your home, since your home will already have solar panels when and if you plan on selling!
Free solar panels don’t really exist. But purchasing a solar energy system for your home can end up saving you lots of money in the future, due to the lowering cost of your electric bill, as well as the many state incentives to go solar! Don’t wait! Purchase solar for your home and save money and energy with Orbit!