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If you have equity in your home or can get a large loan with an interest rate of 5 or less, a loan is the option to go with.
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Heck, even if you do have the cash, getting a loan to pay for solar is by far the best option when it comes to percentage return on investment.Your yearly net cost (electricity savings minus loan payments) for solar will creative irish gifts catalog be 561 in year 2, and will shrink as the cost of electricity rises but your loan payments don't.For now, the payments on a leased 5-kW solar system should be around 650 per year, but the energy the panels generate will save you 794 per year.Find out Solar Incentives in Texas Despite the lousy statewide regulations, those big fat utility rebates manage to keep the overall picture from being a total failure.On top of the green that will stay in your pocket, your system will mean green for the environment, too127 trees-worth, every year!Find out The step-by-step process for going solar in Texas The most important thing to know about the entire process of going solar is that your solar installer is good at this stuff.1950s, a commitment to innovation leads to the introduction of customer service by phone and the downtown areas first streetlight system.Your savings will start small but finish big, because the lease cost will rise by less than the electric company's annual rate hikes.Tax Planning is not a goal but a tool.Don't forget about PPAs If you dont mind giving up a little control and letting your solar company own the panels, choose a PPA instead.Principal Repayment on educational loan cannot be claimed as tax deduction.That's 4,650 you won't be paying to Uncle Sam this year, and it brings your first-year investment down to 10,850.Those electricity savings will quickly pile up, and your system will pay for itself in year.Compare their offer to the other options you have.If you're serious about installing panels, the best way to get an accurate view of your costs and savings is to get actual"s instead of messing around with these online tools.Find out Texas Solar Policy Information Ever wonder why solar seems to be everywhere in some states, but not in others?
That's 142 you get to keep in your pocket this year, just for saying yes to solar!