[vc_row][vc_column width=”2/3″][vc_column_text]Are solar panels worth your while? The short answer is, yes. The more detailed answer would be “why?” Solar panel systems do have an imposing upfront cost, but likened with the purchase of a car that sentiment goes away quickly. A general cost estimate to go solar would be anywhere from $15-$45K. Every home is different, and costs primarily depend on the size of the home and its energy usage.[/vc_column_text][/vc_column][vc_column width=”1/3″][mk_blockquote font_family=”none”]Right from the beginning, renewable energy tax credit takes of 30% off the bill.[/mk_blockquote][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Whatever the cost, the benefits are clear and immediate. Right from the beginning, the renewable energy tax credit takes off 30% of the bill, and this credit is going to be around until 2019. Simply pay for the full system upfront and get your rebate after you file.

After you have factored out the tax rebate it is time to factor in your utility savings. The average monthly electricity bill for a US household is around $100, in the Los Angeles area electricity costs higher by a little over 50%. By that estimate solar owners could be saving $1,800 a year on electric bills.

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Now that we know our electric savings, we can determine the effect on the home’s property value. According to the US Department of Energy we can reach a good estimate by using the 20:1 rule. Take the cost savings on electricity for one year and multiply it by 20 to get the added property value to your home. So for the average of $1,800 the property value goes up by $36,000.

Imagine you want to invest in stocks or bonds for long term growth. Variable interest rates are inherently unpredictable, and bonds do not pay out right away. If that same investment was put into solar panels you would see an immediate 30% return, a large chunk of added value to your home and it would cut your electricity expense from your books. With zero money down financing options this is an investment that every homeowner can make.[/vc_column_text][vc_column_text]The short answer is, yes. The more detailed answer would be “why?” Solar panel systems do have an imposing upfront cost, but likened with the purchase of a car that sentiment goes away quickly. A general cost estimate to go solar would be anywhere from $15-$45K. Every home is different, and costs primarily depend on the size of the home and its energy usage.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][mk_font_icons][/vc_column][/vc_row]