Solar Panel Systems Pay Off
One of the main reasons homeowners call solar companies like Florida Solar & Air is because these systems can lower or even eliminate your electric bill. In fact, solar panels typically pay for themselves in tax credits and energy savings within five to seven years. Solar panels offer an initial tax-free annual return on investment from 30% to 40%. As utility rates increase, the annual return increases. According to estimates, a decrease of $1,000 in yearly energy consumption from solar panels increases the value of your home by $20,000. Additionally, unlike other home remodels, the value added to your home by solar panels is exempt from property tax assessment.