Skip to main content

Solar Panels a Necessity


More and more homes are popping up with solar panels on their roofs. It seems to be the new fad, but it is not exactly. Some people are only getting wise to use the sun for more than light, warmth, vitamin D, and a great tan. The sun supplies free energy that solar panels can catch and redistribute it into electricity to power up their home.

Today’s home demands electronics, electrical equipment, appliances, and power for electric cars. Those demands cause higher demand on the power grid of your region. In the United States, the government, both federally and locally, is trying to influence all homeowners to get solar panels installed on their homes by giving a tax credit to those who use solar panels' alternative energy. The power companies do not see solar panels as the competition, but as assistance in that, they will, in turn, buy your excess energy produced by your solar panels.

It is a no-brainer to get solar panels when your home is all-electric, and you have an electric car such as the Tesla. It is equally advantageous if your house is hybrid in that it uses electricity and natural gas or propane for energy. There may be times when you do not use much electrical energy, such as when you are away on vacation, etc. The solar panel will still generate electricity that would automatically be given to your electric power company in that they would give you credit for your surplus electricity instead of a bill.

In the United States, some companies provide solar panels with lease options, but it makes more sense to buy your solar panels system rather than to lease. With a lease, you will gain a certain percentage of savings. However, they will want you to pay for a maintenance agreement during the contract when solar panels require little or no upkeep. At the end of the lease, you will have to give it back, and the leasing company would get the tax credit incentive instead of you. Also, the rental can be problematic at the time to sell your home.

The potential owner would need to qualify for the remainder of the rental and take over the payments. The prospective owner may want the tax credit by purchasing their solar panels. Your sales contract may get countered with the condition that you remove the rented solar panels before closing. Owned solar panels are more acceptable to a home buyer as part of your real estate enhanced value package.

Comments

Post a Comment

Popular posts from this blog

House Inspection a Necessary Evil

You have been looking around for months to find the home of your dream, and now you think you have found one. You are currently fascinated with your newfound love, but you should step back and analyze your findings. Some people may have worked two jobs to afford the down payment on a home and have limited liquid cash beyond that to provide anything breaking down in the first three years after closing. Thus, you need to get a home inspection known as the necessary evil of the industry. The results can determine the evil part. A home inspection can reveal a lot more than the owner of the home want to realize. If the owner does not want to make concessions for the negative home inspection report, it can be disappointing to the buyer after paying for a home inspection report. Many home buyers will feel upset that they paid the inspection fee and they cannot get the home because it reveals issues that the buyer would have to come out of their pocket to fix soon after closing. Going alon...
Post a Comment
Read more

First-timer Almost Expense Free

Real estate is considered the best investment that the average person will benefit from in their lifetime. It is usually considered to be a long-term investment. So it is always best to determine the longest time you would live at the proposed property. It is not a good idea to buy a house to keep for less than two years unless you obtain it way below market value. Many people struggle with when is the right time to purchase. In determining the right time to buy are the purchase price, personal stability, and future market conditions.  Some mortgage companies made it now possible for first-time homebuyers to get loans to buy four-unit buildings with the use of first-time home buyer’s credit. The credits are designed to make homeownership easier, so they come in federal and state grants, tax credits, and other options. The credits with the residential classification of the multifamily building of 4 units or less make it possible for mortgage companies to fund the purchase of these b...
Post a Comment
Read more