One of the questions that most homeowners ask is, “Can energy efficient solar panels really save me money?” At Lifetime Solar, our answer is YES! The exact savings for your home depends upon many factors such as local electricity rates, electricity consumption, solar energy system size, size and angle of your roof, direct hours of sunlight, and whether you purchase or lease your system.
These factors seem like a lot to consider, but our professionals will work with you every step of the way. Here at Lifetime Solar, we consider energy efficient solar panels a long-term, low-risk investment for residential homeowners, especially within the Greater Kansas City area. Home values increase by as much as $15,000 when a solar panel system is installed. So not only will you have a great return on investment in your daily/yearly savings, your home investment has now increased as well! Studies have proven that when buying a home, potential buyers will pay more for energy efficient solar panels previously installed and working properly.
Solar pricing and the cost of installation are the direct result of the system size you’ll need to offset your monthly electric bills. So the questions you’ll need to ask yourself are: How much am I currently paying, and, How much of my current electric bill do I want to offset? The initial investment into energy efficient solar panels is approximately $15,000-$30,000, which eliminates 100% of electrical usage.
The U.S. Federal Government currently allows residential homeowners an Investment Tax Credit (ITC) of 30% total cost, dollar-for-dollar, of their income tax burden for installing a solar panel system. Some states and electric utility companies have their own additional credits, rebates, and other incentives beyond the ITC, which further reduces your solar panel system initial investment.
With our Lifetime Solar Difference and transparent power production, you’ll receive a customized solar power production and payback assessment, based on exclusive software that calculates the expected kw hours (kWh) produced on an annual basis. This also includes help in identifying all tax credits, rebates, and other incentives available to you, to help you see the fastest return on investment possible. Contact us today for a free estimate on energy efficient solar panels, or call us at (888) 477-8869 for any other questions you might have.